Business startup, taxes, and technology

Short answer:Yes
Longer answer: You’re required to report all the income your receive, regardless of how you receive it. That includes payments you get as cash, check, or property. Technically speaking, if you find a twenty dollar bill on the street and pick it up, that’s income. But we both know the IRS [...]

What should I do if my 1099 has the wrong amount?
Try to get the person or company who sent it to fix it. But I don’t advise you to report the corrected amount on your tax return because you can’t be sure that the IRS will get it before you file your 1040.
For your [...]