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Originally Posted by Hey You . . . I Know You!
Never heard this interpretation of the tax code before.
Income must always be reported or great pain and suffering could ensue.
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The reciever of income should pay taxes on it, but it depends how the company report it in their books and if one gets an 1099. Trying to say if you don't get a 1099, and if you don't pay taxes on the income you did receive, you can't use the excuse that I never recieved it. But the IRS is very forgiving, if the company that you got income from never sent it
