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Do i really need to filed my 1099 with my w2? If i dont what could happen?

 
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KatrinaB
Intuit Alumni

Do i really need to filed my 1099 with my w2? If i dont what could happen?

If you don't report all of your income on your tax return, then you could owe penalties and interest if you understate your tax liability. So, in the long run, you will owe more than you would have. 

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1 Reply
KatrinaB
Intuit Alumni

Do i really need to filed my 1099 with my w2? If i dont what could happen?

If you don't report all of your income on your tax return, then you could owe penalties and interest if you understate your tax liability. So, in the long run, you will owe more than you would have. 

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