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This choice doesn't exist. If you received something requiring 1099 reporting, it must be reported by the payor.....any errors in doing so will get them a penalty too, but the income MUST be reported. You have no choice about it either...it comes right along with accepting what is being reported...if you don't report the income, because the IRS computers have the "otherside" of the 1099, you' be hit with tax, penalties, interest and like at least an audit, if not criminal charges.

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16y ago

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Do you pay taxes on a 1099?

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Is a short sale a bad idea?

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How can I legally avoid paying taxes on income reported on a 1099-MISC form?

To legally avoid paying taxes on income reported on a 1099-MISC form, you can consider deductions, credits, and tax-deferred accounts like retirement plans. Consulting a tax professional for personalized advice is recommended.


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Who uses a 1099 tax form?

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Do you issue a 1099 for services like electric and garbage pick-up?

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