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i have a full time job but still do mturk, earning roughly 100 a month, do I need to report it?

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  • i have a full time job but still do mturk, earning roughly 100 a month, do I need to report it?


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Answer #1 | 19/12 2013 15:05
It is self employment. 15.3% in self employment taxes and federal and state taxes. Not reporting it is tax evasion.
Answer #2 | 19/12 2013 15:09
Every dime of the MTURK money is taxable for income tax purposes as well as SE tax. plan on 40% going tot he IRS. If you don't report it, you will get a CP2000 letter in about 9 months asking for the money, with additional penalties and interest tacked on.
Answer #3 | 19/12 2013 15:16
self employment in any form needs to be reported on Sch C and if the net amount is $400 or more you will owe self employment tax on it, 15.3%
Answer #4 | 19/12 2013 15:52
If they catch you, yes you'll owe quite a bit.
Answer #5 | 19/12 2013 20:56
Yes. A website that pays you $600 or more is supposed to report that to the IRS. And the IRS will be make you pay a lot of money if the website reports it and you don't.

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