Mturk And Taxes

Discussion in 'Help & Guides' started by Gerbilreaper, Oct 23, 2019.

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  1. Gerbilreaper

    Gerbilreaper Active Turker

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    Hey guys!

    I know generally we just ask these questions in the daily thread, but this seems like something others might want to find the answer to later so here we go..

    Long Term Turkers! I summon thee!
    Are there any MAJOR steps you need to do throughout the year for tax documentation or is it handled well by Amazon's setup? AKA do the default tools provided offer ample proof of income come tax time?

    Thanks Y'all! PANDA my love, for it is a batch that shall never run dry. (Unfortunatly it pays terribly though... )

    *Edit* Once upon a time there were many more questions here. The IRS website answered many of them.
     
    Last edited: Oct 23, 2019
  2. Gerbilreaper

    Gerbilreaper Active Turker

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    My question is about taxes, yes. Note that i've removed most of my initial questions after a few hours on the IRS website.
     
  3. Randomacts

    Randomacts Survey Slinger

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    If you make >20k or w/e on mturk and you live in the US you get a 1099 but you don't really need that to be able to file taxes.
     
  4. Randomacts

    Randomacts Survey Slinger

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    Go ask a tax professional, not a random forum.
     
  5. Gerbilreaper

    Gerbilreaper Active Turker

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    ^ This is my plan. Im calling an accountant later today to ask about the more nitty gritty detail based stuff.

    Yes though, we were referring to USA based taxes, naturalpuerh.
     
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  6. ChrisTurk

    ChrisTurk Administrator

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    In the past they've only sent official paperwork if you earn >$20,000 in the year. Otherwise all you get is the total earned for the year on your mturk dashboard which is "good enough" for most purposes. If you need more detailed receipts amazon payments keeps all transactions and can generate typical csv style reports
     
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  7. Troy

    Troy Well-Known Turker

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    Mention Sch C to your tax professional. They SHOULD ask about computer depreciation and office use of home to help offset earnings. Office use of home is iffy though. I do taxes regularly, and even then to see it is rare these days.