Solved: If you don't report all of your income on your tax return...

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

posted

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.

View solution in original post

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.