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  1. #1
    Join Date
    Jul 2009
    Posts
    3

    Question W-9 Taxable Income

    I made money this year on the internet from many sources. Examples are listed below. I was paid from these sources via W-9.

    All the money was under $600 from these many sources so I believe I will not get a 1099 from these places. My question is will I have to pay tax on this money?

    Odesk.com $500
    click bank $550
    Hydra CPA network $400
    Never blue CPA network $500
    Azoogle CPA network $525

  2. #2
    Join Date
    Oct 2006
    Posts
    16,474

    Default Re: W-9 Taxable Income

    Quote Quoting rydg18
    View Post
    I made money this year on the internet from many sources. Examples are listed below. I was paid from these sources via W-9.

    All the money was under $600 from these many sources so I believe I will not get a 1099 from these places. My question is will I have to pay tax on this money?

    Odesk.com $500
    click bank $550
    Hydra CPA network $400
    Never blue CPA network $500
    Azoogle CPA network $525
    Yes, you will have to file a schedule C and will owe at least self employment taxes on the money earned.

    You really should keep all of your questions in one thread. Your total income matters in determining how much tax you will owe.

  3. #3
    Join Date
    Jul 2007
    Location
    Florida
    Posts
    2,344

    Default Re: W-9 Taxable Income

    Think of it this way. The local flea market has a lot of vendors, and some of them make their living selling things there. Each sale is small. They never get a 1099 for any of their income. Do they have to pay taxes on their income? Of course they do. All Americans have to pay tax on their income. Just because you don't receive a document doesn't mean anything. Remember, Al Capone went to prison for tax evasion, not for being a gangster.

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