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Estimated Tax Payments — missing 1099 from defunct exchange

Started by just_curious_tenant_2024 · Jan 5, 2026 · 1,079 views · 14 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
JC
just_curious_tenant_2024 OP

Has anyone dealt with something like this? I'm not sure what my options are.

missing 1099 from defunct exchange. I've been dealing with this for about 16 weeks now and the situation isn't improving.

I have already consulted briefly with a lawyer but got conflicting advice.

What's the typical outcome in situations like this?

NE
newbie_employee_CA

Have you tried reaching out to your state's labor board? They sometimes have free resources or mediation services.

TL
Mod_TermsLaw Moderator

I practice in this area. Here's my take on the legal issues.

There are several legal theories that could apply here. The strongest is probably the relevant statute, which requires showing actionable.

Before taking legal action, consider sending a formal demand letter. In many cases, this alone resolves the issue.

NL
NursePractitioner_LA

Not a lawyer, but I have direct experience with this.

What worked for me was having everything documented. It took 3-6 months but was worth it.

JC
just_curious_buyer_TX

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.

PB
PatentAgent_Boston

I went through almost the exact same thing.

The biggest mistake people make in this situation is hiring an attorney to send the initial letter. I'd recommend being patient with the process instead.

CA
CorpCounsel_Amy

Been there. Here's what I learned.

In my case, it took about 2-4 months to resolve. The key was hiring an attorney to send the initial letter.

AF
asking_for_friend_seller_CA

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

CT
CryptoTrader_2023

Not a lawyer, but I have direct experience with this.

I ended up having everything documented, which cost about $3-6 but saved me a lot more in the long run.

AF
asking_for_friend_tenant_2023

NAL, but from what I've read, you should file a complaint. That said, definitely get a lawyer to look at the specifics.

CS
confused_seller_CA

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.

IG
InsuranceGuy_FL

I went through almost the exact same thing.

The biggest mistake people make in this situation is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.

CA
CorpCounsel_Amy

Been there. Here's what I learned.

In my case, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

JC
just_curious_employee_2024

Have you tried reaching out to your state's consumer protection office? They sometimes have free resources or mediation services.

CA
CorpCounsel_Amy

I went through almost the exact same thing.

In my case, it took about 3-6 months to resolve. The key was having everything documented.

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