Was this income made in 2019 or 2020?
If you made this money in 2019, you'll need to purchase the desktop software to file your taxes. I think there's a minimum amount you have to earn in order to be required to file...check out this IRS Tool: Do I need to file a tax return?
If you made this income in 2020, you want to report all your income all at once for Jan 2020-Dec 2020. In January 2021, all your 2020 employers will send you your documents needed to file your taxes.
1. If you're not a W2 employee with this site, your employer would give you a 1099 if you made more than $600. Looks like you won't have a 1099. Yes it's okay. Sometimes people pay me cash for photography and I just jot it down in my notebook! 🙂
2. It's your employers job to provide you with a W2 or a 1099 because you didn't make more than $600, you will not receive a form from them.
3. With other forms from other employers, you can let TurboTax guide you through the questions (or you can go to a tax preparer or use another software.) You can test out TurboTax Online for free and see if you like it. You can electronically file your taxes with tax-prep software, or print and mail your tax return when you're all done.
4. If the IRS says you owe them taxes, you will have to pay the IRS directly. The easiest way for me personally was to pay on their website once TurboTax told me how much I owed. When you sign into the IRS website, they'll have a record of what you need to pay as well----- after...you file your taxes.
5. Forget about your OnlyFans account? Sure! If you create an account with TurboTax, you'll want to remember that login information for the next time you need it.
I hope this helps! 🙂
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