Do I need a 1099 to file a Schedule C?

I did some freelance work over the past year and did not receive a 1099 for any of the job (they were all a few hundred dollars each). Do I need a 1099 or record of how much I was paid in order to file a Schedule C and write off business deductions?

Do I need a 1099 to file a Schedule C?
A 1099 does not need to be issued for amounts under 600.00 dollars. Use your own records. the IRS will accept these records.
Reply:You don't need a 1099 - file from your records, and claim your eligible expenses, on schedule C.
Reply:No - all you need is a record of your payments and evidence of your deduction if you are audited
Reply:Excellent question!





No, you do not need to receive the 1099. Your schedule C should report all income you made for that particular business whether cash, check, or even bartering. Technically, someone going around mowing lawns needs to report this income, and no one I know gets a 1099 mowing lawns.





Don't forget to include all expenses you incurred to generate this income. Remember, the IRS only taxes you on the net profit from the business, not just the income. In fact, you may have a loss. Most businesses do the first year or so. This loss will offset any other income you have for the year and lower your taxes.





Good luck!
Reply:No. You do not need a 1099. In fact your clients are not required to file a 1099 unless they paid you $600 during 2007. You can just complete your schedule C based on your own records.