Posted by sueharke on 2/8/13 12:31pm Msg #454770
Interesting tax article
"http://www.forbes.com/sites/robertwood/2013/02/06/three-sim"
One key point was #2
2. Respect Those 1099s. Much of what the IRS does is information return matching, the endless correlation of taxpayer identification numbers and payments. Even small mismatches can trigger big problems. There are different Forms 1099 for miscellaneous income (Form 1099-MISC), interest (Form 1099-INT), and many other payments.
|