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05-28-2008, 04:42 PM
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Originally Posted by studio View Post
this is news to my ears. although freelancers dont get taxed on their payments, how would the IRS know.. unless freelancing is your full time job and when it comes to the tax day.. O!!
If you are just doing side jobs here and there from individuals that are just paying you small amounts out of their pocket they won't know. If you deal with an actual company that keeps records and files taxes the IRS will know they paid out money to you because the company will file a 1099 form of how much they paid to you.