Sunday, August 2, 2009

If you earned less than $600 as a subcontractor do you have to file schedule C?

I earned a lot less than $600 as a subcontractor at tutoring, do I still have to file a schedule C with my other W-2 type salary.

If you earned less than $600 as a subcontractor do you have to file schedule C?
Only if you were sent a 1099. You always have to report income earned sent to you on a 1099, even if taxes were not deducted from your pay. If you have no 1099, then no, the IRS has no way of knowing what you earned. You are legally supposed to report it, but what true blue American does, no one!! If in doubt, call the company you did work for and ask them if you had a 1099, in case it was lost in the mail. Then you will be safe, if they did not file that, then the IRASS does not know about it.
Reply:Yes, you do have to file it. If it's over $400 you'd have to even if it was your only income, but if you have enough W-2 of other income to have to file, you'd have to report it even if it was under $400 - sounds like you're required to for both of those reasons.
Reply:Yes, you must include that income whether you got a 1099 or not.





Please ignore the idiot above me. She is suggesting that you break the law. Not a smart idea!
Reply:1 800 829 1040





Internal Revenue Service - Taxpayer Assistance Division


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