2007-04-05 04:34:09 · 5 answers · asked by jungljn 3 in Business & Finance ➔ Taxes ➔ United States
You would report the cash you received as part of your "gross receipts" on a schedule C. You would then deduct your business expense to come up with your profit (or loss) from the business. This amount is then carried over to the form 1040.
2007-04-07 10:17:17 · answer #1 · answered by Amy F 3 · 0⤊ 0⤋
Schedule C
2007-04-05 11:47:25 · answer #2 · answered by the Boss 7 · 1⤊ 0⤋
You should have been keeping records of what you received. That's what you show on your schedule C as gross income.
2007-04-05 12:35:38 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
you have to have a w2 to clam anything if you don't have a w2 for that money you can't clam it
2007-04-05 11:48:27 · answer #4 · answered by chibi-thing 2 · 0⤊ 3⤋
if the goverment doesn't know about it, then i wouldn't pay any.
2007-04-05 11:47:33 · answer #5 · answered by Anonymous · 0⤊ 3⤋