I represent taxpayers in Mount Laurel and the rest of New Jersey. I have noticed that even if you are relying on your clients to issue 1099 forms, it is a good idea to add up your income on your own. Keep in mind not all clients may issue 1099s, and the ones that do could report inaccurate or incomplete figures, and by adding it up on your own you will be able to catch these problems early, while replacement forms can still be issued. Keep in mind that adding up your income on a monthly basis will help you prepare for estimated tax payment if you are going to end up owing money to IRS. Adding up your income will also serve a number of other purposes, each important to your timely tax filing and the maximizing of your hoped-for refund. For one thing, knowing how much you earned will allo...
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