|
It's my understanding that if anyone pays you more than $600-$700 per year, they have to file a 1099 with the IRS. So if they send off a 1099, it was be wise to claim the income to avoid penalties later.
I get about 20 1099's each year from my repeat customers.
You could call the IRS and see about the rental laws in your state.
Last edited by TerryH; 04-01-2008 at 01:08 PM..
|