Quote:
Originally Posted by id10t
So... if I file mid february, and mid march get a 1099 w/ a postmark date of March 1, i'm still liable?
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Yes...you are supposed to report all income, regardless of whether it was properly reported to the IRS by the payor on a form W2, 1099' etc. This is true even if your income is from illegal activities (as in drug dealers or for hire assassins).
Its just that if income is not reported to the IRS by the payor its rather unlikely that IRS will audit you for failure to put it on your return or pay tax on it.