Originally Posted by
armygreywolf
Well, the less I report as expenses the more the IRS wants to take from me...pretty simple formula, if I pay for scrap I need to report what I paid at the very least.
Agreed 100%.
I buy from a few local people. The larger company, I get them to sign a handwritten ticket. Haven't done this with the local scrappers yet, but will this year. I need to really review the 1099 information before I do this. I don't want to scare people away.
Maybe we can get a few of the larger
E-waste guys (Mario and others) and some that own or have owned yards (1956?) to get their take on this.
Bookmarks