Quote:
Originally posted by playa
1099's is just a paper,, you as a business person is suppose to keep records of all your income,,
there would also be lots of instances for income that you wouldn't get an 1099 for,, ie small programming or web design,,
or maybe sold of some stuff on ebay
in reality 1099's are mostly used for the business to write off's
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I do keep good records..I guess I'm mostly suprised that the billing companies don't report the monies to the IRS. Not sure if that's good or bad frankly.