UGA - the gift that keeps on giving

Jan 31, 2007

  1. Crabcake Johnny
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    Crabcake Johnny Guru

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    Today in the mail - 1099's from UGA - one for $923.10 and another for $700.03.

    Now, not only have I been gone since summer of 2004 but I was there for less than a year. Under their contract if you blow out before 12 months UGA keeps all future bonuses and renewals. And true to their agreement I haven't received a nickle since I left. Was told debt balance was taken care of a few months after I leave.

    So the con is simple; everything is still in my name as the agent for tax purposes yet UGA gets all the money and doesn't pay taxes on it. Great operation they have going on there.
     
  2. K-Dub
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    K-Dub Super Genius

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    Funny you bring that up John, I got one for $2400 two days ago!
     
    K-Dub, Jan 31, 2007
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  3. STIBROKER
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    STIBROKER Like My post and enter the DRAWING,,,, Moderator

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    man john has it been that long.....it seems just like yesterday that I was calling you knucklehead.......
     
  4. maryjd123
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    maryjd123 Super Genius

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    John how can they do that? Is that legal?
     
  5. Crabcake Johnny
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    Crabcake Johnny Guru

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    Nope - I called it was "thank you for bringing it to our attention and we'll take care of it." Bacially they get to rip off all the suckers who don't know any better.
     
  6. maryjd123
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    maryjd123 Super Genius

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    Well John

    make positively sure they put it in writing in case you get audited by the irs!!!!!!!!!!!!
     
  7. Crabcake Johnny
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    Here's some good advise:

    http://www.1099.com/c/ar/ta/redflags_t027.html

    A CPA I once had said the IRS loves to chase after self-employed people who's 1099's are $100,000+ yet expense away everything on their Schedule C and showing how they have no money. Then it's audit time - especially if you're living a fat lifestyle.
     
  8. salpro22
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    salpro22 Guru

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    GREAT website. It might be a good idea to put together a forum specifically for websites that all of us have accumulated.
     
    salpro22, Jan 31, 2007
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  9. NHB_MMA
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    NHB_MMA Guru

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    You know, it's hard for me to take anything an insurance commissioner will say seriously as long as these guys are allowed to operate.
     
    NHB_MMA, Feb 1, 2007
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