Actually, the $600 rule is a misconception - Nick Posted: Apr 19th, 2016 - 3:34 pm In Reply to: it is illegal - StillAnMT
You have to report any and all income from any source. Here it is right from the IRS website:
https://www.irs.gov/uac/Reporting-Miscellaneous-Income
Even if she pays five bucks, it has to be reported. (We just dealt with this issue in tax law and I had the info at my fingertips.) Hope this helps!
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Complete Discussion Below: ( marks the location of current message within thread)
- Any advice on illegal payment? - anon (Views: 1025, 2016-04-19, 9:43 am)
- it is illegal - StillAnMT (Views: 743, 2016-04-19, 9:59 am)
- Actually, the $600 rule is a misconception - Nick
- I Agree - with the (Views: 849, 2016-04-19, 10:11 am)
- HAA - JOB AD IS GONE (Views: 652, 2016-04-19, 10:39 am)
- ^5! - nm (Views: 522, 2016-04-19, 10:46 am)
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