To start, because you were paid for babysitting you MUST provide your social security number to the family. If you ignore them or refuse, they will provide the IRS with any information they have about you and the IRS will look for you. The family probably needs the information to claim the Child Care Tax Credits. They are not required to issue you a 1099-MISC because the payment was less than $600 but they can, either way you do have to report the income as independent contractor, and unfortunately, you are required to file the self employment tax if you made more than $400. (You will probably pay very little tax but if you do not pay it now, the interest and penalties will be assessed) You should wait to see if you receive the 1099-MISC then have your parents prepare your return including the information. If you have any questions, please add in the comments.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
