01/12 - The Phenomenal Thursday!

[ItsAmyTee]

While we are on the subject of taxes, anyone know if I can just lump all my earnings together under self employment or do I have to separate them? (ie, art sales, ebay sales, mturk) This will be my first year filling with multiple sources of income without any w2s.

Not an expert here, but I lump all my income (usually between 6-10 sources) into one.

 

[Jaded]

You mean people are always 100% honest on their taxes?!?!?!?!

They should be. But if they aren't they should keep it to themselves.

Kind of like people that lie on surveys. ^.^

 

[The Bad Ash]

You mean people are always 100% honest on their taxes?!?!?!?!

 

[Deleted member 526]

It's lame because it is. Just like buying things you need is lamer than buying things you want.

I want to like this post 3 times

 

[BrewMeister]

http://www.mturkcrowd.com/threads/taxes-for-turkers-reporting-self-employment-income.127/

@clickhappier has done a helluva job with this. Everyone should be taking a look through this before filing.

 

[SweetiePuff]

If only there was a tax thread for all this info

 

[Carolinec]

I usually put aside 20% for estimated payments and come out about even each April

I made $4509 on mturk last year and paid $637. I live in Florida.

 

[Deleted member 526]

Business Income/(Loss) - Schedule C or F

we are schedule C right? I'm pretty sure that sounds like last year but not sure

 

[lsutiger25]

I wish I could love this....

 

[Bad Turkey]

5 minutes going slow

Title: Go through a quick survey that evaluates your customer service expectation | PANDA Requester: CEB Customer Contact [A2FME3V74VSQKP] (Contact) (TO): [Pay: 5.00] [Fair: 5.00] [Comm: 0.00] [Fast: 4.67] Description: We are conducting primary research in the field of customer service and would like to understand what people expect in different ways of receiving information or getting customer service support. Time: 24 hour(s) HITs Available: 1 Reward: $0.80 Qualifications: HIT approval rate (%) GreaterThan 95;

 

[Starslip]

Business Income/(Loss) - Schedule C or F

we are schedule C right? I'm pretty sure that sounds like last year but not sure

I forget, does that make us a controlled substance?

 

[Lauren]

It's lame because it is. Just like buying things you need is lamer than buying things you want.

yeah, this month I need to:
go to the gynecologist
go to the eye doctor
buy contacts
get my oil changed
get my car washed
get my brakes changed

and i'm like crap. i don't want to spend money on these things lol. that's like at least $500 worth of things that are not fun things.

 

[Carolinec]

Business Income/(Loss) - Schedule C or F

we are schedule C right? I'm pretty sure that sounds like last year but not sure

Yes, schedule c

 

[lsutiger25]

I'm usually not worried to much about owing....we pay so much in student loans and insurance that we write off a ton

 

[Pleco]

I know we're all trying to evade taxes. But Zoltars are still trickling in if anyone is still doing them.

 

[Deleted member 526]

5127
but that's before I write everything off imaginable

someone let me borrow your kid

 

[bxpretzel]

from @clickhappier 's post regarding the home office deduction:

Your primary place of business being based at home does not mean you necessarily can or should actually use the 'Home Office' deduction on your Schedule C (a deduction for a percentage of your rent/mortgage and such, based on % of your home's sq ft dedicated to the home office). The reason this deduction is kind of infamous for increasing the chance of an audit is because it is supposed to only be used for an office space which is clearly demarcated from the rest of the home and used only for the self-employment business. This is not the case in most people's homes - people usually don't have a separate computer on a separate desk, either in a dedicated room or with a line of duct tape surrounding the area on the floor, that they and other family/friends/roommates never use for personal activities when not in use for working on the self-employment business. My primary source of income for the past decade has been home-based self-employment, and I have never used the 'Home Office' deduction, because I don't have a dedicated home office space.

 

[Carolinec]

https://ttlc.intuit.com/questions/2...fill-out-to-document-my-income-from-mturk-com

I found this on the turbo tax website

 

[lsutiger25]

5127
but that's before I write everything off imaginable

someone let me borrow your kid

hahaha my husband said the other night we should have more just for the 18 year write off

 

[Squatty]

I know we're all trying to evade taxes. But Zoltars are still trickling in if anyone is still doing them.

This trickle is horrible. I don't want to run other Pandas at the same time as the Zoltar panda to avoid PRE hell, but the Zoltars are coming in so slow!. Every time I think, ok, I'll turn it off now, I grab another one.