Whether or not you need to file a tax return depends on how much income you have and your filing status. If the $200 self-employment income is the only income you have for the year, then you do not need to file. If you had additional self-employment income or other sources of income and will be filing a return, then the $200 will need to be included in your return. See the article for more information on filing requirements. Do I need to file a federal return this year?
It does not matter if the income went into your boyfriend’s account, the company has your information as the recipient, and therefore it is your income to report.
Some situations that may cause you to owe money in your taxes are when you have a job that pays with Form W2, but you fail to have enough taxes taken out of your pay. Also when you have income from self-employment, no taxes are taken out of your pay to cover your taxes, that is why at the end of the year you might have a balance to cover your Medicare, Social Security, and Federal and State taxes.
@Od22
