What kind of taxes to I have to pay if I make money online?

Comments

1. boilerette72 says:
   October 22, 2009 at 7:07 am

   Income tax on miscellaneous income. However, you should consult a tax advisor.
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2. Judy says:
   October 22, 2009 at 7:49 am

   Income tax (federal, and state and local if your area has them) and federal self employment tax
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3. Jss says:
   October 22, 2009 at 8:07 am

   You are self employed or independent contractor. You will report your income and expenses on schedule C or C-EZ (Form 1040). This income is subject to SE tax at 15.3%. Read about self employed (or independent contractor) tax filing and payment of estimated taxes: http://taxipay.blogspot.com/2008/04/tax-filing-by-self-employed-sole.html
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4. acmeraven says:
   October 22, 2009 at 8:22 am

   Fill out a Sch C or Cez with your income and expenses and apply bottom line to your 1040.
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5. Doctor Deth says:
   October 22, 2009 at 8:53 am

   if any one place, like google sends you a 1099 for making more than $600 in a year with them, you’ll have to file a Sched C and SE with your 1040 – taxes will depend on your overall income, plus the self employment taxes on sched SE
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6. Windy says:
   October 22, 2009 at 9:34 am

   Any money from each site, that you make over $600. They’ll send you the form to report as income on your taxes.

   Don’t give out your SS# until you get to that point-in case you don’t have to.
   References :
   http://surveyline.blogspot.com/
7. Rickson says:
   October 22, 2009 at 9:59 am

   Lots of sites will promise payments, but not all are legit.
   Check out the site here:
   http://tubeblogger.blogspot.com/2008/08/top-10-ways-to-make-easy-money-to-your.html
   For a top 10 list of all the sites that work, you’ll find something.
   References :

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