question
By pvuppal
@pvuppal (137)
United States
December 5, 2010 3:40pm CST
Hi. This might be a stupid question but I just had to ask. Hey, there are no stupid quesitons right? Anyways, I have been making money online and I have earned quite a bit. My question is do you have to include the money you make on the websites for taxes? If so, how do you go about doing that? I don't want to get in trouble so any help would be greatly appreciated. Thanks in advance.
3 responses
@Kate34 (656)
• France
5 Dec 10
No I don't think you do but hey you really shouldn't ask me. I am not the expert. I hope you find the right answer and I would like to know the answer too. Theres no such thing as a stupid question says you. I hope you earn big. Happy mylotting!
@jane239 (521)
•
5 Dec 10
Yes you do. If you are earning any additional income it has to be declared. I'll fill out a self assessment form every year and include the details of all of the income I've earned online including vouchers etc.
I'm not sure what country you are in but it's best to phone your nearest office and ask for advice and if you need a self assessment form to declare your earnings they will send you one. That is how it is in the UK, not sure about anywhere else.
@jalucia (1431)
• United States
5 Dec 10
I'm not totally sure, either. I don't think that you'll get in trouble or anything. But, once you earn $600 with a company I think they have to report your earnings, along with social security number and other information, to the IRS. So, I think that, at least, if you've earned more than $600 with a company you want to report it. Cuz the IRS knows about it and they'll be looking for you to do so. If you research it a little you'll know for sure what you have to do, because I am not 100% knowledgeable on the subject. I hope this helps you somehow, though.