I just read something that I think is interesting. A 1099MISC is supposed to be the amount that will be included in the gross income of the payee. That means if someone pays for your services at the end of the calendar year and you don’t receive the check until the next year, technically the 1099MISC should be the lower amount, even though the payer is going to deduct the higher amount.
So if the payer is going to file a 1099MISC for the higher amount, you need to get them to correct it – give them a copy of IRS Reg, Section 1.6041-1 (f) which talks about what should go on a 1099MISC. If the payer will not give you a correction, keep the envelope in which the payment came to you as proof it arrived after the end of the year, put the correct amount on your return and attach an explanation to the return. I can help you with that. Email me at bstonercpa@sbcglobal.net if you want to ask any questions about this.
Just remember you will have to include the additional amount in next year’s tax return and hopefully get a 1099MISC from the payee for that year.