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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: 648
Likes: 92
Liked 591 Times in 102 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?
__________________
Julie Jordan 7549 STK |
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