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Old 07-29-2008, 04:26 PM   #4
Ed Wright
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Default Re: Sponcer money..... 1099 ????

Quote:
Originally Posted by Julie Jordan View Post
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?
I don't think they will buy the corp loosing money every year either, will they?
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