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Employer falsified 1099 Form: What You Should Know

I'm the victim of a tax scam. A coworker sent me a bogus 1095. The employer is sending me “a “1040” Form” — How Do I Protect My Return? — How can I protect myself from IRS fraud? Feb 2, 2024 — Taxpayers who file fraudulent 1099s can face fines and up to 12 months in prison or a 50,000 fine and up to 5 years in prison if convicted. Criminal penalties include jail sentences of up to five years, fines of up to 250,000, or both.  Tax Scams and Tax Penalties  Oct 2, 2024 — Taxpayers who file fraudulent 1099s and W-2's can face fines and up to 12 months in prison or a 50,000 fine and up to 5 years in prison if convicted under the criminal provisions of the Income Tax Consequences for Filing Fraudulent Tax Returns Act (ITC FORA)  Filing a return of questionable tax status or filing multiple returns (e.g., for the same taxpayer) is considered “failing to file.” For example, if the taxpayer fails to file a return when the due date was more than 1 year after the return was due, the taxpayer is subject to a penalty in the amount of 25% of the underpayment of taxes, except if the taxpayer timely filed the return (see below).  The penalties are not limited to IRS penalties. The penalties are also imposed by the states and the IRS. In addition, if the fraudulent return is filed in a foreign country the amount of the penalty is doubled. If the taxpayer provides false information on the return, such as the total amount of tax the taxpayer has paid, the penalty is tripled to the amount of the underpayment of taxes, or double jeopardy, applies.  The penalty also applies even if the return is filed in a state not subject to penalties. If a taxpayer fails to file a return when the due date was more than 1 year since the return was due that person could be subject to a double tax  A 1099 is a form that an employer files with the IRS to report a portion of your paycheck that is noncash income.  If you are an employee, you will receive a Form 1099 for any wages you receive for a workweek.

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