From what I'm reading on the net, it looks like we have to show the 1099's when we file even if they are under the $600, and pay any tax due on it of course. Otherwise the IRS will send you an "updated" tax due letter, along with possible penalty and late fees.

It might take 'em two years, but it's a "when" not an "if" they notice you didn't include the income.

:img15: I don't look so good in stripes