You just need a 1099 for every transaction you make, how hard is that? | Hacker News

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sliverstorm on March 31, 2014 | parent | context | favorite | on: Bitcoin Slips In The Wake Of The IRS’s Tax Decisio...

You just need a 1099 for every transaction you make, how hard is that?

shakethemonkey on March 31, 2014 [–]

No, only those transactions over $600.

And you don't have to do it at all for payments tendered for merchandise, or almost any payment to corporations.

http://www.irs.gov/instructions/i1099msc/ar02.html

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