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Old 09-08-2009, 10:28 AM
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Join Date: Jul 2009
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Income Tax for Side job


What is the name of your state (only U.S. law)? South Carolina

I would like to know if you need to declare as Income when you help a friend fixed his computer and he pay you for doing it, This is not a regular basis you only do it thru a friend referral. I ask this question because I just want to know the correct way to do it because apprximately at least once every 2 weeks that I help fixed someone else computer and averaging like $100 a month extra income but not all the time sometimes there are months that I didnt fixed any computer. Does it really matters for IRS or You are exempted from this type of income?
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Old 09-08-2009, 11:07 AM
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Join Date: Mar 2006
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Yes it's income. It should be reported on schedule C with any losses earning the money applied to it.

Since you aren't getting over $600 a year from a single person, unless you are audited and the IRS does a "T" account with your income and outfloow, they will probably never know you are getting the money.
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