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<p>[QUOTE=&quot;rickmp, post: 2739582, member: 28047&quot;]All income, no matter it&#039;s source, is legally required to be reported.</p><p>It makes no difference whether or not a 1099 is issued.</p><p>The dollar amount makes no difference.</p><p>IRS rules require all income to be reported.</p><p>Anyone that tells you different is wrong.</p><p>The best thing that you can do is consult a CPA and/or the IRS.</p><p>I&#039;m not a CPA or an IRS agent, but I have been employed as a tax preparer for many years.</p><p>When you come to this, or any other, forum on the web to ask tax questions, you get what you pay for.</p><p>If you rely on those answers to file your tax returns, expect that audit letter from the IRS.[/QUOTE]</p><p><br /></p>

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