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Old Sat Apr 01, 2000, 09:06am
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Join Date: Aug 1999
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There is no minimum for an individual to report his/her income. Businesses are not required to report that they paid you money to the IRS until they have paid you at least $600 in a year but you are still legally required to report all of your income on your annual return. You won't have to pay self employment taxes, however, if your net earnings from self employment don't exceed $400.
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