Teachers Teaching|Keep teaching and shaping minds
Dec
22
Filed Under (United States) by admin
Quest asked:
Say you earn some money from tutoring someone. Do you have to file a income tax for this “earning?”
Nintendo Wii Fit
Say you earn some money from tutoring someone. Do you have to file a income tax for this “earning?”
Nintendo Wii Fit
Comments
v b on 22 December, 2008 at 7:40 pm #
Tutoring is income. It’s called self-employment income.
When you file, you put it on a schedule C-ez. Keep in mind that if you have $400 or more of self-employment income, you *have* a filing requirement.
ed on 25 December, 2008 at 11:56 am #
If cash, no record exists. No reports sent to the IRS.
After all, the one who paid you has already paid tax on that money.
If you lose sleep, claim it if it makes you feel better.
It can’t be any huge amount.
AnnieG on 26 December, 2008 at 11:02 am #
Yes it is considered self employment.
travelguruette on 27 December, 2008 at 8:02 pm #
Technically if you earn money you are supposed to report it. If the employer doesnt report the expense to the IRS then most likely you wont claim it.
Post a Comment