A viewer opened a Square account in their own name for their brother’s business. Now they have an IRS letter saying they owe $29,000. Can they show the income belonged to their brother? In this video, I explain why a Form 1099-K issued under your name can create an IRS income-matching problem, why the exact notice matters, and how the next steps can differ between a CP2000 response and audit reconsideration after tax has been assessed. I also discuss nominee income and the records that could help support the explanation. Owe the IRS or your state at least $10,000 in back taxes, or have multiple years of tax returns you need to file? You qualify for a free consultation with Choice Tax Relief: choicetaxrelief.com/free-tax-relief-consultation/?utm_source=YouTube&utm_medium=video_description&utm_campaign=youtube_organic&utm_content=x-OZ76CZ7Jo Call 866-8000-TAX (866-8000-829). CHAPTERS 00:00 A $29,000 IRS letter over a brother’s business 01:04 Opening a Square account for someon...