This is like a high-res Sarbanes-Oxley. No, it's not. Last time I was in business for myself, 1099s were more common than physical handshakes. Hell, I haven't

This is like a high-res Sarbanes-Oxley. No, it's not. Last time I was in business for myself, 1099s were more common than physical handshakes. Hell, I haven't been a "business" (in the sense of deriving most/all of my income from my own ventures as opposed to salary) in about five years and I still chew through at least a handful of 1099s every year. They're good documentation, both for yourself and for the IRS, when trying to figure out and then deduct your expenses.