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07-29-2008, 02:53 PM
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#3 |
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Senior Member
Join Date: Dec 2001
Location: Modesto, CA
Posts: 639
Likes: 90
Liked 539 Times in 94 Posts
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Re: Sponcer money..... 1099 ????
If you receive over $600 in non-employee compensation the payor should issue you a 1099.
Combining income from one occupation (finance) with expenses of another (racing) will not fly under audit. Whether you get audited or not is the million dollar question. So how brave are you?
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Julie Jordan 7549 STK |
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