What happens when I sell things on Craigslist and I get cash for them? I know people who are not employees get a 1099 form, but what are people like me called? I got quotes for tax services off of Google, but they cost too much. Martin Luther Kind day heralds a closer time to the tax deadline, and my 2011 calendar is full of dates I kept when I used Craigslist. Sometimes, I use ebay, so how does that figure in? I have been told many things, and can’t make sense of it.
For tax purposes, a 1099 is used by independent contractors (think construction or service businesses). It is up to you to track all of your income, and the related expenses. A 2011 calendar (for last year) is a good way to do that. The IRS will need to see an ongoing record, and with as much time as it takes to fill your calendar, save emails, etc., that is a good record. Sometimes the Seattle craigslist is a good place to go if you have a request or want things cheap.
What happens when I sell things on Craigslist and I get cash for them? I know people who are not employees get a 1099 form, but what are people like me called? I got quotes for tax services off of Google, but they cost too much. Martin Luther Kind day heralds a closer time to the tax deadline, and my 2011 calendar is full of dates I kept when I used Craigslist. Sometimes, I use ebay, so how does that figure in? I have been told many things, and can’t make sense of it.
For tax purposes, a 1099 is used by independent contractors (think construction or service businesses). It is up to you to track all of your income, and the related expenses. A 2011 calendar (for last year) is a good way to do that. The IRS will need to see an ongoing record, and with as much time as it takes to fill your calendar, save emails, etc., that is a good record. Sometimes the Seattle craigslist is a good place to go if you have a request or want things cheap.