The IRS gets you both ways. I know some people who receive certain tax information slips and file them away casually without thinking they would need them at the end of the year. Both the payer and recipient of certain types of payments have to report these amounts to the IRS. You can call it <a href="http://www.taxhelpvault.com/recommends/page64.html">tax 1099</a>, and it captures payments like interest income, dividends, capital gain distributions, and commissions paid to nonemployees. So when you receive these slips which often come toward  the end of the year or early in new  year, file them away carefully with your <a href="http://www.taxhelpvault.com/recommends/page64.html">IRS tax table </a>and tax information slips. If you don’t report these amounts the IRS will know because the payer will also send them to the IRS.


Here is an article which will give you a slight edge as you prepare your taxes for this year. 

Your payer will also include small amounts you earned on your 1099 tax forms. So keep them and declare them on your tax returns.
