Strike Pay

Q. We got a corrected 1099 form from the Union, but it was not checked at the top of the 1099 as "corrected" did the Union inform the IRS by writing?  Otherwise we will be taxed on the same money twice.
A. You are correct that the "Corrected" box was not checked. It was not checked because the incorrect 1099 form was not sent to the IRS. We only check that box if the mistake was caught after the originals are sent to the IRS. We caught the mistake before and just reprinted the 1099's with the strike benefit amount in box 3.  If you used the 1099 with the strike benefit in box 7 you have paid more taxes then needed. Please check with the IRS or tax preparer. Sorry for any inconvenience.

Q. Do we need to pay any quarterly taxes on the strike pay we received in 2009?  If so do you have any instructions on how to go about this?
A. The International Brotherhood of Teamsters and local unions will issue 1099 forms to members that received strike pay. Neither the International nor local unions deducted taxes on behalf of members. Anyone who received less the $600 will not be issued a 1099 for the funds received as other income. The Oak Harbor Freight Lines strike assistance fund will not issue 1099 forms. However, any income has to be reported/claimed when individuals file in 2010 for 2009 income.