Posts

Report Fee To IRS?

kevbostic profile photo
  • Thursday, August 21, 2003 @ 05:38 AM EDT
  • 4 Comments
Hi! Do bird dogs usually report the fees they received from investors to the IRS? I would hate to get an investor in trouble by reporting something that he/she didn't report properly for paying me. Thanks for any advice! Take care, Kevin
  • (4) Comments
  • Score(0)

Comments(0)

  • InActive_Account
    InActive_Account18th August, 2003
    0
    Reply

    Anything that is income must be reported to the IRS. Then again, if its cash and they havent 1099'd you, then I guess the IRS wouldnt know about it.

  • victorb
    victorb21st August, 2003
    0
    Reply

    As he mentioned if you did not get a 1099, they did not report you getting paid. They probably expensed it in some way, but not to you.

  • investorB
    investorB21st August, 2003
    0
    Reply

    Report it.

    Keep your end clean.

    If someone else is doing something tricky (ie, illegal), then you are not making a problem for him--he's making it for himself.

  • kevbostic
    kevbostic21st August, 2003
    0
    Reply

    Good point, investorB!!

Please Sign In to Comment.