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To: Smokin' Joe

You can claim you did baby sitting or house cleaning. You don’t have to have W2 or 1099 income.


13 posted on 01/18/2016 2:14:39 PM PST by IBIAFR
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To: IBIAFR
You can claim you did baby sitting or house cleaning. You don’t have to have W2 or 1099 income.

True, but then you would become liable for the self-employment tax on that income, which the government will take regardless of income bracket. That also opens the kettle of worms where you are penalized for not paying in 75% of your estimated tax by the start of the 4th quarter.

17 posted on 01/18/2016 2:52:45 PM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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