Cash Hash

Cash Hash (http://www.CashHash.com/)
-   Get Cash/ Cash Out (http://www.CashHash.com/get-cash-cash-out/)
-   -   Is babysitting for a family member at their house with cash payment considered income? (http://www.CashHash.com/get-cash-cash-out/66898-babysitting-family-member-their-house-cash-payment-considered-income.html)

Cash754 02-07-2014 01:05 AM

is babysitting for a family member at their house with cash payment considered income
 
Is babysitting for a family member at their house considered an income

Mary500 02-07-2014 01:05 AM

is babysitting for a family member at their house with cash payment considered income
 
yes

TvShows3 02-07-2014 01:05 AM

is babysitting for a family member at their house with cash payment considered income
 
And you are an employee. If you were paid $1800 or more in 2013, they owe you a W-2.

IRS pub 926.

TvShows3 02-07-2014 01:05 AM

is babysitting for a family member at their house with cash payment considered income
 
Yes, any money you receive in exchange for work is income.

NewTech0 02-07-2014 01:05 AM

is babysitting for a family member at their house with cash payment considered income
 
Yes, of course. You prove that income with you income tax return.

NewEra50 02-07-2014 01:05 AM

is babysitting for a family member at their house with cash payment considered income
 
I'd think the other way in that if you're doing babysitting it used to be that you can earn up to $400 before you have to file taxes and you're considered as having your own business (and need a state license) if YOU set the amount you want for babysitting; however if THEY give you a donation/gift you won't need a license and it's a family matter, just don't make a habit of babysitting for them.

Today even if you have a koolaid stand you need a state business license.


All times are GMT. The time now is 06:38 PM.

Copyright 2014, CashHash.com. All Rights Reserved