SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?


To: J_F_Shepard who wrote (16449)4/8/2010 2:13:19 PM
From: Lane3  Read Replies (2) | Respond to of 42652
 
I can personally attest that I got an audit letter because I didn't report a 1099 for something like $0.17 interest payment.

Size/amount was relative to the amount of income required before you have to file, which is around 10K. The context was those who do not file, not those who file and omit some earnings.

You got the letter because you filed and didn't include those earnings. Had you earned seventeen cents in interest and only that, you wouldn't have filed and you wouldn't have gotten a letter. Seventeen cents doesn't "trigger their interest" for non-filers.