Amherst, NH Resident Seeks Advice
It isn’t uncommon today, in this gig economy, for people to have side work beyond their full-time employment. It is important to report, and pay taxes on, this additional income. If your freelancing clients are paying you in excess of $600 per year each, should be sending out a Form 1099-MISC at the end of the calendar year as a record of this money paid. When you file your taxes, all of this additional income made from freelancing should be reported to the IRS.