Quote:
Originally Posted by island911
IIRC if it's under $600 (from one gig) a 1099 isn't needed. If you report more than you have in 1099's, I expect that the IRS will be fine with it.
|
Yup, $600, but only a few companies handed out 1099's to me. I like to be honest (yet screw the IRS where I can - legally) and will still report the income from those that did not. It's only fair. Even when I was employed, I still did a little work on the side and actually forgot to separate some expenses on two returns and actually paid tax on sales tax I already paid and certain expenses that were not taxable.
