Thread: Tax Questions
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Old Thu Feb 24, 2005, 04:21pm
His High Holiness His High Holiness is offline
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Join Date: Feb 2001
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Quote:
Originally posted by tjones1
If you don't make 600 (?) from any one school in one year, I don't believe you have to file. At least, that's my understanding here in Illinois. What part of Indiana are you from? Welcome to the forum!!
WRONG!

You have to file no matter how much you make. The organizations/companies/schools etc. that pay you less than $600 do not have to give you a 1099. Just because you do not get a 1099 does not mean that it is tax free income. What it means is that the IRS has no good way to track you down and you will probably get away with not declaring it. Ethically challenged people take this as a license to cheat.

The answers that H&R Crock gave to Blitzkrieg are ultra conservative and are typical information that one gets from a one size fits all cheap tax service. Except for the meals, there are ways to make most of the expenses that you listed deductible expenses. It is too complicated to explain here so I'll only say that you need a good accountant.
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