I have made over $800 this year on sites like Inbox Dollars and Cash crate. Do I have to pay taxes on this. Anyone know my odds of getting away with it if I don't?
http://www.*************/index.php?ref=84770
2006-09-07 15:14:12 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Yes, you have to pay taxes on it.
As to whether or not you'll "get away" with not declaring the income...
Did you provide your social security # to any of these places? If so, they'll probably send you a 1099 at the end of the year listing how much they paid you, a copy of which goes to the IRS, and if you don't declare it they will catch it. If you don't get a 1099 from them, you can probably "get away" with it....I won't comment on what kind of person that makes you, you figure it out :)
2006-09-07 15:20:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you receive a 1099 form from the company, then you know that the government has been notified. If you make less than $600 with a single site, then they do not send to the IRS.
If you don't get a 1099, chances are the the government will not find you - also, do those organizations have your social security number? If not, then the IRS will never find you.
2006-09-07 15:16:09 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Yes it goes on the line that says Other Income, and put and explanation beside it for how you got the money.
2006-09-07 15:23:59 · answer #3 · answered by jeff410 7 · 0⤊ 0⤋
Listen to this: Never avoid taxes, no matter what your chances are.
2006-09-07 16:50:59 · answer #4 · answered by MattMan 3 · 0⤊ 0⤋