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Old 07-29-2008, 02:53 PM   #3
Julie Jordan
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Join Date: Dec 2001
Location: Modesto, CA
Posts: 639
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Default 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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