Google Adsense Income Tax
Question of self-employment tax?
I have about $ 700 google adsense earnings by about $ 350 I can write for a net total of $ 350. I saw that you did not pay Social Security taxes if you net less than $ 400 Is this true? Do I pay tax on income if it is less than $ 400? Do you still have to file Schedule C? If the $ 400 thing is true that if my income net is $ 450 you pay Social Security tax on all or just the $ 50 thats over 400 million. If it matters I also have a regular job making about $ 35,000 a year and live in the United States. Additional information is greatly appreciated.
You must declare the schedule C or C-EZ, and all legitimate business expenses. (Good luck to justify any expense for Adsense, though. Your computer, internet access, etc. will be rejected by the IRS.)
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