Quote Originally Posted by 21forme View Post
If a 1099 was issued, YES! The matching of issued tax forms and reported income is all computerized. One day, you will get a letter in the mail from the IRS with your tax and penalties due. And if you ignore that, one day, there will be a knock on your door...

About 10 years ago, I got a letter like that for $10 in interest I forgot to report because I never got my copy of the 1099. Not getting the form in the mail is no excuse.

Thanks for the info. Are BJ TOURNAMENT WINNINGS usually reported on a 1099? That's hwat I think they sent me which I misplaced! Dammit.