Are you kidding? Are you an unemployed accountant?
I am a teacher, graduate student, mother, and wife. In my spare time I have the privilege of sending out my husband’s 1099’s to his subcontractors. This last weekend he spend $600. I will now have to call and get that business’s fed. id. number, address, and exact business name. If any mistake is made on this information, the IRS will send us a letter informing us that the information did not match, but the IRS also adds “Don’t call them” and “Don’t do anything”. If something doesn’t match in a subsequent year, you get the same letter saying “Don’t call the IRS”, but they add “Take 30% out of future payments to the company”. Shouldn’t the IRS get on the phone and call those companies that are reporting wrong information or tell a business the EXACT problem with the information.
I find it funny(?) that if my husband paid with a credit card, we are exempt from reporting the expense on a 1099. So I don’t have to report Exxon, but I do have to report the small gas station down the road.