1099's only cause a red flag if you report less than the income that is reported on them.
So if you received 10,000 in 1099's and only saying you received 5,000...that will cause
a red flag. If you report 15,000 in income and 10,000 was 1099's...it doesnt matter.
An msc should only report money you received by 12/31. I've heard some msc's report
money earned in Dec but isn't paid til Janauary. So that may cause a flag if you report
less if you do your own number tracking but you just tell them you are reporting it the
year received and that is it.
Also I received a notice with one of my 1099's from an msc saying starting this year
they are including all reimbursement amounts in the 1099 total and it's our responsibility
to separate it out. Wonder what is making them change it.
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There are no stupid questions, but there are a lot of inquisitive idiots
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When you try to please everybody, you end up pleasing nobody