Quote:
Originally Posted by aschramm
In almost all of my games and tournaments that I worked this summer, I was paid either by cash or personal check for these. I can only think of 1-2 times that I was paid by check, where the payer had my social security information. Does all of this need to be reported on my taxes? Or just the times that I was paid that can be traced back by my SS number?
Edit: Or is this just a better question to ask my tax man? Also, I get claimed under my parents.
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aschramm,
Whether you are paid in cash or by check for your umpiring services has no bearing on whether you are legally required to report that income. Since you state you are claimed as a dependent by your parents, I infer that you are relatively young and may be a student rather than someone who is "full-time" employed. As such, you may have limited income.
If your aggregate income is such that you are not required to file an income tax return under IRS regulations, you need not report ANY of the income you received. If, on the other hand, you are required to file a return, you must report ALL of the income, regardless of whether you were paid in cash, check, bearer bond, or gold bullion. Of course, you would also be able to deduct reasonable and actual expenses from that income as well.
Regardless, you are probably better off getting tax advice from a qualified tax professional rather than a bunch of people who post on an internet umpire forum.
JM