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Reply #11: Perhaps I wasn't being clear.... [View All]

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WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 12:23 PM
Response to Reply #10
11. Perhaps I wasn't being clear....
If a person is unwilling to report their transactions to the IRS, where and what else are they skimping on to get by. If it is a painter and they are injured while painting your house you could very well be liable and considered negligent. That's what I was pointing out.

I also understand that the IRS has not even looked over the bill and how it will be implemented. The IRS rules on how they will enforce the new law.
Thy could very well take receipts in lieu of 1099's from large corporations who have a computerized point of sale document but require you to provide a 1099 to the guy selling computers on the side.

It really is as simple as this; If you don't want to take the expense and your supplier wants to keep it off the books, then don't try to deducted that item on your income tax return.
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