2006-11-29 08:01:09 · 4 answers · asked by Ian A 2 in Business & Finance ➔ Personal Finance
For tax reporting purposes this can be a large number of things. Comission, rents, subcontract work. If you earn this type of income you will most likely have to submit a 1099 and pay your own taxes on it at the end of the year as the payer will not deduct taxes from it. For more info, check out the IRS site and look at info on Form 1099 or information returns.
2006-11-29 08:10:43 · answer #1 · answered by denim 3 · 0⤊ 0⤋
That is any income you received without working, example, it was a gift, or you won the lottery.
S.S.I, and S.S.D both qualify I think, except they do both involve working for them, usually.
Possibly Retirement fund from the government counts, if though they did work for it.
If it was a gift, or the lottery? And this is a tax question. Well, with the lottery they already know these days. But not with a gift. I woudln't tell em'.
2006-11-29 16:12:56 · answer #2 · answered by smoothsoullady 4 · 0⤊ 0⤋
or possibly if you own a company you can recieve dividends from your company instead of wages. ( non-wage income)
2006-11-29 16:56:02 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Someone who gets paid by commission!
2006-11-29 16:04:15 · answer #4 · answered by ALEGNA 3 · 0⤊ 0⤋