And if I report the income -- no matter how it's categorized -- won't it end up screwing THEM, b/c it'll make the IRS go "Wait a minute...."?
Probably. But your bosses are the ones who did this and put you in this position. Seriously, I think the only way to cover your own ass will put your bosses at risk. But you
should
cover your ass here, and not assume some of the risk like your bosses (apparently) want you to.
won't it end up screwing THEM, b/c it'll make the IRS go "Wait a minute...."?
Yup. They're probably hoping you'll be all, "Woohoo! Free money!" and they won't report it and you won't report it and everyone gets out of the taxes.
Maybe I'll just ask Big!Boss's wife (remember, she's the one in charge of all things financial, despite her lack of degree or training in such) how I should report it. After all, *she's* our finance person....
Although, IIRC, if it's less than $600, they nor you have to report it. I think.
If it's less than $600, they don't have to provide a 1099, but legally, any income a person earns -- even $1 -- should be reported.
Maybe that's why they are audited so often.
Ding ding ding! Yup. They do shit like this all the time. This "freelance" is the least of it.
If it's less than $600, they don't have to provide a 1099, but legally, any income a person earns -- even $1 -- should be reported.
Now I'm tempted to just walk around in public, telling people, "Hey, I'll do a silly walk for a buck!"
Just so I can report it to the IRS.
I do have to say that I have just added in $$$ I made from a theatre job, wrote on a little piece of paper that I earned $200, and sent it in. No one ever said anything Of course, that was when I made about 10,000 a year....
Must go home and write notes quizzes for tomorrow. I'm having trouble getting up the motivation to leave school, though.
Oh, and can I just say, the San Francisco Unified School District? Still not impressing me with its organizational and getting-things-done skills.
Today is never going to end. It's going to keep going and going and going until I choke it to death.
Ack! I'd forgotten about the photos they took the second day of school. I am crazy with the unphotogenicity! Yeeeuck!
If I fall asleep sitting at my desk, that might be a good use of the fifteen minutes remaining before I can leave.
The IRS is, ultimately, not all that picky about how you report income, as long as you *do* report it. You can, theoretically, report your income as "proceeds from an illegal enterprise." If you pay taxes on it, it'll keep you from going the way of Al Capone. You'll have to pay self-employment tax on it, though, so you're really screwed. Also, eventually the IRS will figure this out and it will be audit time again.
Frank Pembleton had a stroke.(I'd actually have loved to see Braugher play impaired for that whole year, like he wanted to)
If he's not a detective, my cosmology's gone all wonky now.(Although there's something to be said for the Chandler shout-out implicit in blunt-force trauma...which I almost wrote as "blunt force drama"...if I blogged about SVU, I'd have a title now.)