View Single Post
  #36 (permalink)  
Old Mon Jul 07, 2008, 04:17pm
Publius Publius is offline
Is this a legal title?
 
Join Date: Jun 2007
Posts: 360
Quote:
Originally Posted by RichMSN
Tim,

As Bob said, the assignor or whoever is paying issues the 1099. I filed before receiving a 1099 last year, but it was no big deal because all the income was included on my return, 1099 or no 1099. ALL income is taxable.

--Rich
$600 from a single customer is the threshold for reporting on a 1099. $1 is the threshold for reporting on a 1040. All income is reportable; the taxable portion is unique to each taxpayer.
Reply With Quote