Important: missing 1099 from defunct exchange

I publish illustrative scenarios prepared by my practice. All participants and conversations are fictional. The fictional posts are not posts by real users, accounts of client experiences, or reports of actual results.
Illustrative scenario prepared by my practice.
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
Hypothetical question

Quick background on my situation — any input appreciated.

missing 1099 from defunct exchange. I've been dealing with this for about 11 weeks now and the situation isn't improving.

I have already tried to resolve this directly but got conflicting advice.

What's the typical outcome in situations like this?

Illustrative response

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

Illustrative response

Statute of limitations warning: I almost missed the deadline to file my claim. In most states, the clock starts ticking from when the violation occurred OR when you discovered it (the discovery rule). Don't assume you have unlimited time — check your state's SOL for your specific type of claim.

Illustrative response

If you're getting threatening IRS notices, the first thing to do is verify they're real. Call the IRS directly at 1-800-829-1040 (never the number on the letter) and reference the notice number.