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teebee811
Returning Member

I've never filed taxes before but received an 1099 tax form so will I have to pay any money or back? Or am I basically just reporting the income to the IRS?

I've never filed taxes before but I took some surveys online and made over $600

1 Reply
CarolC
Level 6

I've never filed taxes before but received an 1099 tax form so will I have to pay any money or back? Or am I basically just reporting the income to the IRS?

If the Form 1099-Misc you received reports your income in Box 7 then you need to report the income to the IRS and pay self-employment tax.  If the income is reported in Box 3, and this is your only income, then you are not required to file a tax return. 

See the TurboTax FAQ below for steps on entering Form 1099-Misc information in TurboTax.  Click "See entire answer" for the full page view.

https://ttlc.intuit.com/replies/4770594

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