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Old 03-10-2012, 08:26 AM
 
Location: Cornelius, NC
1,045 posts, read 2,658,299 times
Reputation: 679

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Last year I was doing some freelancing work for a brief time. I received work/clients through this site called ODesk.com. I only did two jobs and both of them combined equaled a little over $200 total income. I talked to ODesk.com about this and they said that they don't even send 1099's if the total income made was less than $500. Should I even bother reporting this income on my tax return?
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Old 03-10-2012, 09:55 AM
 
643 posts, read 2,386,005 times
Reputation: 535
To comply with tax law you have to report all income and pay self employment taxes.
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Old 03-10-2012, 10:13 AM
 
297 posts, read 726,598 times
Reputation: 305
Yes report all income and pay the taxes. They REALLY need the money. The national debt is now
$15,658,887,967,935!
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