Author Topic: Chase 1099-MISC  (Read 9063 times)

Offline CountValentine

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Chase 1099-MISC
« on: August 12, 2019, 02:17:22 PM »
Received two, one for 600 and one for 1k. Have no idea what they are for.
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Offline SearchGuy

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Re: Chase 1099-MISC
« Reply #1 on: August 12, 2019, 02:18:44 PM »
Referrals?

Offline CountValentine

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Re: Chase 1099-MISC
« Reply #2 on: August 12, 2019, 02:21:35 PM »
Referrals?
At .01/pt that could be it. They are taxing CC referrals? Little late to be sending them out.  >:(
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Offline chayal101

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Re: Chase 1099-MISC
« Reply #3 on: August 12, 2019, 02:33:27 PM »
I got the attached letter in the mail, no idea for what either... but the 1099 never arrived by mail... Will it still arrive?? And what do i do then?? ... (paging the accountant... )
Chaya L.

Offline ExGingi

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Re: Chase 1099-MISC
« Reply #4 on: August 12, 2019, 02:35:48 PM »
I got the attached letter in the mail, no idea for what either... but the 1099 never arrived by mail... Will it still arrive?? And what do i do then?? ... (paging the accountant... )

Wow. I wonder if anyone would sue them (class action) for the need to file an amended return.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline CountValentine

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Re: Chase 1099-MISC
« Reply #5 on: August 12, 2019, 02:36:45 PM »
Wow. I wonder if anyone would sue them (class action) for the need to file an amended return.
They are reimbursing you for the fees.
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Offline CountValentine

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Re: Chase 1099-MISC
« Reply #6 on: August 12, 2019, 02:37:21 PM »
I got the attached letter in the mail, no idea for what either... but the 1099 never arrived by mail... Will it still arrive?? And what do i do then?? ... (paging the accountant... )
DW said she got a letter last week. So expect your 1099 shortly.
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Offline ExGingi

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Re: Chase 1099-MISC
« Reply #7 on: August 12, 2019, 02:38:20 PM »
They are reimbursing you for the fees.

Oops. I missed that. Didn't read the entire thing. Though one can argue that they should pay more than just the fee charged by the accountant for this.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline CountValentine

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Re: Chase 1099-MISC
« Reply #8 on: August 12, 2019, 02:45:24 PM »
Though one can argue that they should pay more than just the fee charged by the accountant for this.
True.
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Offline chayal101

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Re: Chase 1099-MISC
« Reply #9 on: August 12, 2019, 02:47:09 PM »
So I'm supposed to refile my taxes?? And if I don't I'll get audited??
Chaya L.

Offline CountValentine

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Re: Chase 1099-MISC
« Reply #10 on: August 12, 2019, 02:48:54 PM »
So I'm supposed to refile my taxes?? And if I don't I'll get audited??
IIRC you will just get billed. Not sure if they will add in a penalty.
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Offline Dan

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Re: Chase 1099-MISC
« Reply #11 on: August 12, 2019, 02:49:48 PM »
So I'm supposed to refile my taxes?? And if I don't I'll get audited??
IRS will probably just bill you if you don't.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline chayal101

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Re: Chase 1099-MISC
« Reply #12 on: August 12, 2019, 02:59:48 PM »
IRS will probably just bill you if you don't.
Seems like that's the better option... though I should probably discuss with my accountant... I'm just wondering why is Chase so late on this? Doesn't look right for a bank to start sending out 1099s now. In their T&C, do they specifically mention that points will be treated as $ and is taxable?
Chaya L.

Offline chayal101

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Re: Chase 1099-MISC
« Reply #13 on: August 12, 2019, 06:54:32 PM »
Lo and behold the 1099 arrived today... $600.
Chaya L.

Offline zagguru

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Re: Chase 1099-MISC
« Reply #14 on: August 12, 2019, 08:21:14 PM »
Mine arrived too, they charged me $200 less. Now I have to refile for the additional $200 they didnt 1099 for

Offline Seahawks

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Re: Chase 1099-MISC
« Reply #15 on: August 13, 2019, 06:28:08 AM »
I got one today for $750. The only points I received from Chase this year in a lump sum (versus monthly spend) was 75k points from signing up for a mortgage with them. Looks like they are charging $0.01/point.

Didn’t realize it was taxable and they never told me at the time when they used it as a differentiator to go with them.

Offline US

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Offline AussieMan

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Re: Chase 1099-MISC
« Reply #17 on: August 13, 2019, 09:14:30 AM »
How are they reimbursing the amended tax filing fee?

Offline theyankel

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Re: Chase 1099-MISC
« Reply #18 on: August 13, 2019, 11:05:08 AM »
I got the attached letter in the mail, no idea for what either... but the 1099 never arrived by mail... Will it still arrive?? And what do i do then?? ... (paging the accountant... )
Lo and behold the 1099 arrived today... $600.
letter is dated 7/30 and says you should be receiving 1099 by 7/30? then you got it on 8/12?

Offline CountValentine

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Re: Chase 1099-MISC
« Reply #19 on: August 13, 2019, 11:14:45 AM »
Lo and behold the 1099 arrived today... $600.
Was that the right amount?
Only on DDF does 24/6 mean 24/5/half/half