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Level 1
February 11, 2023
Question

reporting money

  • February 11, 2023
  • 1 reply
  • 9 views

How do I report money I received in a company check that didn't take out taxes or send any documentation

    1 reply

    Level 2
    February 12, 2023

    It depends. If the money you received in the form of a check represented compensation for your services and could have been reported on a W-2 but wasn't:

     

    • Under the Federal menu, click on Wages & Income
    • Expand the menu for Less Common Income
    • Click Start/Revisit next to Miscellaneous Income, 1099-A, 1099-C
    • Click Start/Revisit next to the first option, Other income not already reported on a Form W-2 or Form 1099
    • Answer Yes to the question, Did you receive other wages?
    • Continue through the screens until you get to Any Other Earned Income
    • Answer Yes to the question, Did you earn any other wages?
    • On the next screen, choose Employee compensation that was not reported on a W-2
    • Enter the information on the screens that follow

     

    If you are self-employed and have expenses to deduct, and this money was earned in the same line of work, then add this amount to the other business income you are reporting.