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Old 10-15-2014, 06:56 PM  
Sunny Day
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Join Date: Dec 2010
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Whether you give or receive

Whether you give or receive money you have to fill out a 1099 or 1099-Misc
Generally it's a $600 threshold, but there are lower amounts.

http://www.irs.gov/Businesses/Small-...rmation-Return
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