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1099 for 2006 tax is $600

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checked yahoo ypn's tax info:
"Important Tax Information


Your 1099 tax form will be mailed before January 31st, 2007 if you have been issued payments in 2006 that total or exceed $600. The 1099 form will be mailed to the address you provided on the Tax Information screen. If you were not issued any payments during 2006 or the total payments issued in 2006 is less than $600, you do not need a 1099 to report your income to the IRS.
"

it looks like you don't receive 1099 if it is lower than $600, I always thought it is much lower than $600, like $10 from a bank's interests for example.
 
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Unstoppable Domains — AI StorefrontUnstoppable Domains — AI Storefront
No 1099's if lower than $600.00 ... but you still need to report any what-would-have-been 1099 income on your Schedule C (in most cases) of the Form 1040, IMHO.

Check, please, with your tax advisor, CPA™, or Enrolled Agent©, as well. :gl:
-Jeff B-)
 
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