Goofy Dates on 1099 - and Other Stuff...

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Discussion Overview

This thread centers around participants sharing their experiences and concerns regarding discrepancies in their 1099 forms from Pampered Chef, particularly related to reported income and bonuses. Participants express confusion about the accuracy of the figures listed and seek clarification from others in the community.

Discussion Character

  • Anecdotal
  • Opinion-based
  • Exploratory

Main Points Raised

  • One participant, identifying as a consultant, questions the accuracy of a $100 recruiting bonus listed on their 1099, noting they signed up later than the date indicated.
  • Another participant mentions that the date for the Fall SAT products may be correct as they occurred in June, suggesting a possible reason for the July date on the form.
  • Several users express confusion about the new consultant rewards, with one participant noting a discrepancy between what they earned and what was reported on their 1099.
  • One participant shares that their 1099 shows a $60 new consultant reward when they actually earned $600, indicating a potential error in reporting.
  • Another participant mentions that their reported earnings were significantly lower than expected, raising concerns about possible widespread errors in the 1099 forms.
  • One user highlights issues with how returns and deductions are reflected on their 1099, suggesting that it complicates their tax reporting.
  • Several participants agree that they plan to contact the finance department to address the discrepancies they have noticed.

Areas of Agreement / Disagreement

Views differ regarding the accuracy of the 1099 forms, with many participants expressing similar concerns about discrepancies. There is no clear consensus on the reasons for these discrepancies, but several participants agree on the need to contact the finance department for clarification.

Contextual Notes

Participants are primarily consultants discussing their personal experiences with the 1099 forms and the implications for their tax reporting. The conversation reflects a shared concern about potential errors affecting multiple consultants.

Who May Find This Useful

Consultants who have received their 1099 forms and are experiencing similar discrepancies may find this discussion relevant as they navigate their own concerns and seek advice from peers.

AnnieBee
AnnieBee
Gold Member
Messages
1,341
So I got my 1099 today, and I don't know if I'm not understanding it, or if it has got a lot of mistakes...

Hopefully someone can help me?!

The following things are all in the "other income" part

1) lists PC$100 on 5/15/2008. I'm guessing this is the recruiting bonus from when I signed up, but I didn't sign up until 5/25/2008!!

2) Doesn't show my PC$ from first 30 and 90 days. Should I be concerned?

3) Lists Fall SAT products as 7/15/2008, SAT month wasn't until August, we got the stuff in September...

4) Lists PC$65 as a "New consultant reward" on 12/31/2008. I have never received a deposit of PC$65, didn't get anything deposited on this date (or at all since September!), and the new consultant bonuses were all either PC$50 or PC$100...

So, am I totally mis-understanding something, or are there some major mistakes on my form???

And yes, it does have my name and consultant # correct!
 
Fall SAT took place during June... so that is probably why the date is July ...As for #4, did you get a free product for qualifying??? that might be it...
 
AnnieBee said:
So I got my 1099 today, and I don't know if I'm not understanding it, or if it has got a lot of mistakes...

Hopefully someone can help me?!

The following things are all in the "other income" part

1) lists PC$100 on 5/15/2008. I'm guessing this is the recruiting bonus from when I signed up, but I didn't sign up until 5/25/2008!! I would check with them on this one. I'm looking at mine right now. I have the recruit promo cash bonus for promoting to FD in Oct. Mine is dated for 9/15/2008. Maybe it goes back to the middle of the month that you earned.

2) Doesn't show my PC$ from first 30 and 90 days. Should I be concerned? I would check with them on this one. Maybe the item #1 is actually your PC$ from your 30 & 90 days. I don't really remember a cash recruit bonus for May, but I'm probably wrong.

3) Lists Fall SAT products as 7/15/2008, SAT month wasn't until August, we got the stuff in September... SAT was June & items would have been received in July

4) Lists PC$65 as a "New consultant reward" on 12/31/2008. I have never received a deposit of PC$65, didn't get anything deposited on this date (or at all since September!), and the new consultant bonuses were all either PC$50 or PC$100... I would check with them on this one - Did you sell $1500 in Dec for the 5% bonus? Maybe it's just flagged wrong.

So, am I totally mis-understanding something, or are there some major mistakes on my form???

And yes, it does have my name and consultant # correct!
Click to expand...

See my bolded notes above
 
The sixty five sounds like the deep covered baker.. did you earn it?
 
  • Thread starter
  • #5
Crystal,

May did have a $100 recruiting bonus, you could be right about them just dating it as the 15th of the month.

June SAT - I totally mis remembered the dates for that one!

30 and 90 day bonuses - I earned PC$650!! None of these have shown up!

Dec SAT - didn't earn anything - I wish I had!
 
I'm totally confused then!

Do you think the new consultant reward was a typo & should have been 650 instead of 65? Especially since they labeled it that way. You wouldn't have a new cons. reward in Dec. if you signed in May.

Sounds to me like you have a phone call to finance to make. They should still be there. I had to fix mine last year too. They were pretty quick about it.

I think #1 & #3 are ok, but I would def check on #2 & #4.
 
Mine says Pc dollars- New cons reward 12/31/08 $60, when I actually earned $600 in my first 30 90 days. So am I supposed to get a hold of someone for this?
 
I just realized that the monthly amounts on my 1099, do not agree with the line on the monthly statements that reads "TOTAL PARTY COMMISSIONS. What they are reporting on our 1099, is the Monthly Commission Paid or NET amount after they subtract our INSURANCE and SHIPPING charges. In some cases they have added in the REFUND for the defective Spredders and put them into our Commission totals.

I mention this only to warn you not to double subtract the INSURANCE AND SHIPPING,
when you do your Schedule "C"s. Pampered Chef has already done that, whether it
is the correct accounting method or not. I have placed a call to home office number on the bottom of the 2007 1099 which was 1-630-261-8528. Has anyone else talked with them about the differences you have between the items I mentioned in the first paragraph?
 
Rita, I have noticed that they add returns back in which is ANNOYING! The past few years I've just ignored it because it wasn't that much, but maybe this year I'll make them fix it. :)
 
  • Thread starter
  • #10
crystalscookingnow said:
I'm totally confused then!

Do you think the new consultant reward was a typo & should have been 650 instead of 65? Especially since they labeled it that way. You wouldn't have a new cons. reward in Dec. if you signed in May.

Sounds to me like you have a phone call to finance to make. They should still be there. I had to fix mine last year too. They were pretty quick about it.

I think #1 & #3 are ok, but I would def check on #2 & #4.
Click to expand...


Crystal, I think you have got it! Especially after seeing the post after yours. It looks like the New Consultant Rewards must be put in December, and they have accidently divided by 10...

I guess I'd better give them a quick call!
 
  • Thread starter
  • #11
sherid said:
Mine says Pc dollars- New cons reward 12/31/08 $60, when I actually earned $600 in my first 30 90 days. So am I supposed to get a hold of someone for this?
Click to expand...

Looks like you and I both got our numbers divided by 10... And yes, I'd make a call to get it sorted out...
 
Mine said $25 when it should have been $250. I wonder if everyones is wrong.
 
If everyone's is wrong then you all better call!! They need to get this fixed pronto!! I have my tax appt tomorrow night and now I am thinking I better double check my 1099 big time. I looked it over, but not so detailed. Hopefully they are aware.
 
mine isn't wrong, but i didn't earn any of that, just products so those are spelled out.

Does anyone get overwhelmed with all the receipts and when you see how much you spent/going to write off its a TON?!?!?!? I am going through each receipt, checking it twice, and it seems like a TON for my first full year. I guess thankfully I don't have to buy anything else for a while (minus samples and conference! yahoo!).
 
I showed $5 in PC$ earned...so mine is wrong as well since I earned $50. I got off to a VERY slow start last year. Most of my commission was earned the last 4 months of the year.
 
Mine says 60 and I earned 600. Sounds like most of them are wrong.
God bless,
Amanda
 

Frequently Asked Questions

What are Goofy Dates on a 1099 form?

Goofy Dates on a 1099 form refer to unusual or unexpected dates that may appear in the reporting of income. These can occur due to various reasons, such as errors in data entry or discrepancies in the reporting period. It's important to review these dates carefully to ensure accurate reporting of income for tax purposes.

How do I handle Goofy Dates when filing my taxes?

If you encounter Goofy Dates on your 1099 form, it's essential to verify the information with your direct sales company. Ensure that the dates align with your actual earnings and reporting periods. If discrepancies exist, contact your company for clarification and request a corrected form if necessary before filing your taxes.

Are Goofy Dates common in direct sales like Pampered Chef?

While Goofy Dates can occur in any industry that uses 1099 forms, they are not necessarily common in direct sales companies like Pampered Chef. However, it’s always wise to double-check your documents for accuracy, as errors can happen during the data entry process.

What should I do if my 1099 form has incorrect information?

If you find incorrect information on your 1099 form, such as Goofy Dates or incorrect income amounts, contact your direct sales company immediately. They can provide you with a corrected form and help ensure that your tax filings are accurate and compliant with IRS regulations.

Can Goofy Dates affect my tax return?

Yes, Goofy Dates can potentially affect your tax return if they lead to incorrect income reporting. If the dates result in misreported earnings, it could impact your tax liability or refund. Always ensure that your 1099 form is accurate before filing your tax return to avoid complications with the IRS.

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