1099s are merely informational reporting. Like 1065s. (anyone afraid of partnership returns, aside from preparing them?)
If you actually understood the tax system, you should be shivering in your boots about the IRS's push for individual disclosures of uncertain tax positions, aka, FIN 48 for individuals.
THAT **** is scary.
Thanks guys for making me feel a whole lot smarter.
Who's afraid of informational returns? Not I. You guys are. Who's afraid of FIN 48 for individuals? Me. Not you.
All I need to feel smarter.