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How do I include my online earning on my tax return? email this discussion to a friend?

myLot reputation of 69/100. BlueGoblin (1400)   ranked 165 out of 6,582 in making money3 months ago

I earned money on different sites. Do I have to include the name of every site or can I just add all the money up and files it under online earnings? I suppose you just print out your paypal sheet. Anyone know?

 
 
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surfette (435) response was accepted on 10/2/2009.
denotes best response.
tags:  earnings, taxes
 
1. myLot reputation of 90/100. CEVCEV (329)   3 months ago

I ould suggest you phone up the revenue and customs and ask for their advice as it's best to get your return right first time..

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2. myLot reputation of 91/100. surfette (435)   ranked 1,474 out of 6,582 in making money   3 months ago

You can earn up to $600 per site before you have to pay income tax on the earnings. If you reach that level, the site will send you a tax form showing the amount you have made. A lot of them ask for a business id or social security number so the proper form can be sent to the government.

If you only earn a few dollars here and there, I wouldn't really worry about it, but you can call the IRS with any questions or your tax person.


myLot reputation of 91/100. surfette (435)   ranked 1,474 out of 6,582 in making money  3 months ago

Thank you for the best response award!

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