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Report all your income even if you don’t get a 1099

February 23, 2014

The U.S. economy is getting better. Except in sectors where it isn't. About the only thing economists, politicians and consumers can agree on is that we have no good idea yet of the country's real economic direction.

And that means lots of folks are still looking for work.

Tax season can be an added hassle for the unemployed. But it also can provide some folks a shot at a job, at least for a little while.

FlexJobs.com, the website that focuses on positions that offer worker flexibility, such as telecommuting, part-time, freelance or flextime posts, has come up with some seasonal accounting jobs that typically turn up in tax season.

They range from auditing positions to risk assurance efforts to administrative assistance to tax preparation itself.

In addition to employment possibilities with tax accounting firms large and small, don't forget about the franchised tax offices that help millions fill out their federal and state returns each year.

And even the Internal Revenue Service might be an option.

IRS seasonal jobs postcard

The postcard above and similar mailings have showed up in my snail mail box in the past.

Of course, this year, what with the Congress pulling the tax agency's purse strings a little tighter, it could be tougher to get a job with the IRS. But check out its seasonal and part-time Web page just in case there are some openings in your area.

Tracking part-time pay: A lot of folks enjoy part-time work. It's a handy way to pocket some extra cash and still have time to do what you really enjoy.

Too often, though, some don't follow through with their tax tasks.

If they've worked a lot of small jobs, they might not have received any documentation of their pay. Employers don't have to issue 1099 forms unless the payment is $600 or more.

But, as today's Daily Tax Tip notes, regardless of how little you make and even without any official paper detailing the earnings, the tax law requires that you report the income on your 1040.

Don't ask for tax trouble: I'll grant you that it's tempting to let those payments of $599.99 and less slide. Exactly how will the IRS ever find out about them?

Do you really want to find out the answer to that question?

So don't test IRS examiners' expertise. Instead, report all the money you've earned, regardless of the amount.

You also might find these items of interest:

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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