The issue is misstatedReader comment on: IRS Audits of Small Businesses Submitted by Lyle (United States), Feb 23, 2010 08:24 If you have copies of the statements from the processor showing amounts payees and times, then you could show a match between the 1099 in amount and source. That should do the deal. This is targeted at the E-Bay seller who runs a significant business but does not get 1099 because the seller deals with people. The irs wants to catch this. I don't think the statements from the processor are 1099s as such just records of payments made. If your 1099 total is higher than the payments received there should be no problem. Note: Comments are moderated by the editor and are subject to editing. Other reader comments on this item
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