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I received $500 from a company as a referral bonus and filed W9 with them. Do i need to report this income to IRS? if yes, where should i include report it while filing?

 
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Accepted Solutions
bwa
Alumni
Alumni

I received $500 from a company as a referral bonus and filed W9 with them. Do i need to report this income to IRS? if yes, where should i include report it while filing?

Yes, you need to report it as it's taxable.  

  • Under the wages and income tab select "Explore On My Own", and
  • at the bottom under "Less Common Income"  select Miscellaneous Income, then
  • select Reportable Income, then
  • Select "Yes" and, in the next screen, describe the income.


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2 Replies
bwa
Alumni
Alumni

I received $500 from a company as a referral bonus and filed W9 with them. Do i need to report this income to IRS? if yes, where should i include report it while filing?

Yes, you need to report it as it's taxable.  

  • Under the wages and income tab select "Explore On My Own", and
  • at the bottom under "Less Common Income"  select Miscellaneous Income, then
  • select Reportable Income, then
  • Select "Yes" and, in the next screen, describe the income.


I received $500 from a company as a referral bonus and filed W9 with them. Do i need to report this income to IRS? if yes, where should i include report it while filing?

I have a similar scenario but the company is not giving me any kind of 1099 document or anything against that. What should be done in such a case?
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