Do I file when I only received cash income and will not get at a 1099?
And if so, what line number on my return would apply for cash income only?
Filing depends on your age, status (single, married, etc.), total taxable income, etc.
Your cash income is probably considered self-employment since you're talking about 1099s. Self-employment income is listed on line 12 Business income or (loss) of the 2009 version of the 1040 form, for example.
As an example, if you're single under 65 for 2009 income, you wouldn't generally have to file if your income were under $9,350.
For self-employment, you have to file if your net earnings are $400 or more. Net earnings are the total amount you received minus expenses.
You are required to file and report income from self employment if your gross receipts are more than $400 whether you receive any 1099's or not. The income and any deductions from your self employment would be reported on either Schedule C or C-EZ, with the income less deductions then being reported on the form 1040. Since it is self employment income, it is subject to self employment tax so your filing requirement is based on the $400 amount even if your income is below that for income tax purposes.
by Shanna 5 years ago
It's my first year doing taxes on my own and I'm a bit (actually completely) baffled.Has hubpages sent out the electronic w-2's yet? Do I just count it as part of my total income on my 1040EZ form? Was federal income tax withheld from my hubpages earnings, or will I owe money? Someone please take...
by Nicole Canfield 5 years ago
I am filling out my 1099 Misc Form to submit with my taxes but cannot turn it in because I do not have Hubpages Federal Tax ID #. Does anyone have it on their form from last year? Or does someone know how I can get the number so that I can submit my taxes? Thanks!
by plusMinus 3 years ago
I see that the tax related documents should be deliver electronically. But still I dont find such type of file or I am not seeing any download link to download that from my hubpages earning page. I am not sure what is the minimum balance requirement to get that file. Or how to download that file....
by amy326204 7 years ago
Ok, so I work for my father and he pays me cash, total this year I earned $15,600, I make $300 a week. I am married but my husband has been out of work this year, we have two kids together so since I get a 1099 and not a W2 am I still eligible for the earned income from the kids or no because it is...
by PBody5205 6 years ago
Has anyone received their 1099 from Hubpages yet?
by David 470 6 years ago
I was just wondering -- when does HP send out 1099 forms? This will be my first time filling out self-employment taxes. I wish I had someone to talk to about self-employment taxes because I do not know much about them.
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