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    jaa888's Avatar
    jaa888 Posts: 6, Reputation: 1
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    #1

    Apr 17, 2011, 09:49 PM
    Paid "off the books"
    What form do I use If a get paid by an employer striaght without any deductions from my pay check and without a W@ form or having to fill out a w-4 form? Also I earned some interest income from a bank.
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
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    #2

    Apr 17, 2011, 10:32 PM
    Getting paid off the books would mean that you received no form at all.
    If you received a 1099-MISC, with no deductions, you are considered a contractor (rightly or wrongly) and must pay taxes on it. Your best best is a straight 1040, a Schedule C, and a Schedule SE. The last one is required. You can skip your own list of expenses on a C and also can use a shorter 1040, but you owe a lot more tax than if you had been given a W2, where the employer pays half your SS.

    You will see a line on the 1040 for bank interest.
    jaa888's Avatar
    jaa888 Posts: 6, Reputation: 1
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    #3

    Apr 18, 2011, 09:40 AM
    I received no forms at all just paid straight without any forms or deductions/taxes with held. Also It's a small amount like less than $1,000 plus a few dollars earned as interest income from a bank. How would I file in this situation?
    jaa888's Avatar
    jaa888 Posts: 6, Reputation: 1
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    #4

    Apr 18, 2011, 09:41 AM
    I received no forms at all just paid straight without any forms or deductions/taxes with held. Also It's a small amount like less than $1,000 plus a few dollars earned as interest income from a bank. How would I file in this situation?
    jaa888's Avatar
    jaa888 Posts: 6, Reputation: 1
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    #5

    Apr 18, 2011, 09:42 AM
    I received no forms at all just paid straight without any forms or deductions/taxes with held. Also It's a small amount like less than $1,000 plus a few dollars earned as interest income from a bank. How would I file in this situation?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #6

    Apr 18, 2011, 09:56 AM

    Hello j:

    If that's all you earned, you didn't make enough to file a tax return. Since no tax was withheld, there's nothing to get back, anyway.

    excon
    jaa888's Avatar
    jaa888 Posts: 6, Reputation: 1
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    #7

    Apr 18, 2011, 10:53 AM
    So if I made a few hundred dollars "off the books" and less then 10 bucks in interest income, then bothe are insignificant amounts and I don't have to file since I'm not getting money back anyway.

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