drc845443
Employee Tax Expert

Business & farm

I don't have the specifics but in general, it should not make a difference because if he pays you a fee, he will claim a deduction for the amount that he pays you.

However, you would then declare the amount as income on the same tax return which will offset the deduction resulting in no difference in your taxable income.

 

There may be an impact on self-employment taxes depending on the level of income and the amount of the payment, but for that I would need more specifics about your situation before I can comment. 

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