DirectHits 1 point · 1 hour agoFYI: I had an incorrect 1099. A Chase supervisor said there was an internal memo today that incorrect forms were sent out. I was told there is no timeline when these forms can be amended and re-sent

Also when I downgraded my CSP to Freedom the $95 "courtesy credit" was showing as Other income on my account, which was a refund of an annual fee

Seems Chase is finally made aware of wrong 1099s are sent out, Yet there is NO Timeframe on when the amended 1099s would be available.

IRS actually has deadline for issuers to correct wrong 1099s but pretty sure for big companies like Chase they can ask for extension on the "merit:" (if there is even one) of the massive scale of the mistakes made.

That is the direct failure of having no QA on its outsourced work to India. For saving money not using US firms to do the job, now Chase would need to spend more money probably a lot more, to clean up the mess.