July 24, 2010 8:06 AM Subscribe
Hi, I am Mrs. (or Mr.) Long-Term-Unemployed, in the US since January, conveniently for tax purposes. My last job wasn't covered by unemployment insurance so I have been living off my very meager savings. This is starting to run out and I have been taking odd-jobs for cash, literally. If this keeps on until the end of the year how should I do my taxes?
posted by anonymous to Work & Money (3 answers total) 2 users marked this as a favorite
These really are odd-jobs, small amounts for random people. My total income for the year would likely be under $10K plus I have a child as a dependent. Because of an odd set of circumstances (I own my home outright (no morgage) and get a generous
foodstamps SNAP allotment) I am living very cheaply.
Should I just report all of these little jobs as non-W2 income? How would I best do this? Is my situation going to set off IRS redflags because of the extremely low income?