Blowout Cards Forums - View Single Post - A guide to reporting your taxes and Form 1099s

jlzinck · 01-10-2013, 11:35 AM

All of this information is great.

But remember your deductions are only as good as the person doing your audit. If you do not keep INCREDIBLE records then 1 small slip up can result in all of your deductions being wiped out, resulting in taxes, penalties and interest.

Bottom line is if you get a 1099 from paypal it is WELL worth your money to get your taxes done professionally.

01-10-2013, 11:35 AM	#39 (permalink)
jlzinck Member Join Date: Dec 2008 Location: Cape Cod, MA Posts: 11,660 jlzinck	All of this information is great. But remember your deductions are only as good as the person doing your audit. If you do not keep INCREDIBLE records then 1 small slip up can result in all of your deductions being wiped out, resulting in taxes, penalties and interest. Bottom line is if you get a 1099 from paypal it is WELL worth your money to get your taxes done professionally. __________________ http://vaughnlive.tv/jlzinck http://www.ustream.tv/channel/jon-s-box-breaks-and-more