Quote:
Originally Posted by fallenmuffin
Yeah, each of my sponsors have sent me $600+ and am expecting a 1099 from them. However the question is "If they don't send one for some odd reason should I calculate my checks and use that sum when filing"
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Regardless of them sending one or not you should keep track of all income you receive. (The accountant in me talking)
Don't base what you claim as income on just what sponsors send you on 1099s. Often sponsors don't send them or are late sending them.. The IRS gets a copy of it. If they compare the 1099 totals to your tax return (which they do), you'll get an adjustment notice from the IRS (along with fees, etc).
PK