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Old 01-10-2013, 11:35 AM   #39 (permalink)
jlzinck's Avatar
Join Date: Dec 2008
Location: Cape Cod, MA
Posts: 24,313

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.
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