- Sep 28, 2004
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Re: 1099. Some of you might be mistaken. It’s merely a threshold for companies to issue a 1099 as a guideline. In theory, every sale you make should be reported (by you or the company), in theory. So if you got a 1099, it means the irs has the 1099 too. Companies could send you one for a $9.99 sale, but they tend to go by the guidelines to save themselves the time
And effort. Most companies tend to do the bare minimum
And effort. Most companies tend to do the bare minimum