Thanks but this seems absolutely crazy. While I have a very limited number of suppliers, I'm imagining a large business having to do this. While I understand the IRS tax enforcement side of this, at some point each of us is required to fulfill our own tax reporting obligations. It is clear that independent contractors not associated with a formal, licensed business are likely an IRS reporting focus, as with other cash-based and sole proprietor businesses. I guess my takeaway is I need to discuss with a CPA and/or the IRS.
