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by snuffy09 Accepted solution
by thumbsup2 Accepted solution
... every cent you earn needs to be reported. If you don't and the IRS can prove you've been hiding income, you could end up paying back taxes as well as penalties.
Now, that doesn't mean you can't offset that income with expenses such as travel and home office. But, you probably need to set up your own small business, legally registered in the county in which you operate, to be able to deduct those expenses.
by boxfiddler Hot topic Accepted solution
begins at $600, though I'm of the impression that self-employment taxing begins at $400.
Having been in a position to submit 1099's and W-2's, this is where I began.
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