Quote:
Originally posted by WicKed
What do you do if some of your sponsors dont send out a 1099?
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I smile, knowing that the amount of money I report to the IRS will be greater than the amount of money that sponsors report in my name
Seriously, we should all be keeping track of how much money we make on our own. In 6 years of business, I've never gotten 1099's from all my sponsors - I'm actually lucky if I get 25% of them.
My main problem is the 25% that I get are sometimes fucked up (4 of the 10 I've gotten so far this year are fucked - so far 1 has replied & will be sending a corrected form)
I even had one sponsor tell me that they were not going to be sending me a 1099 because I have a business & I'm not doing this in my personal name. I have to scratch my head, as there is no other way to report the outgoing money on the Federal Corporate return (according to my accountant)