<p>i have a low income for my partime job. i do not to report it.
now i want to just put "0" income on the fafsa. is it ok to do that? will i get any trouble fot that?</p>
<p>Why would you put 0 if you earned money? Put the amount you earned on the FAFSA. If it isn’t a lot, it doesn’t make a difference & you are not lying. If it’s enough that you should be filing a tax return, you should be doing that. If not, you won’t need to file a return. I am curious about why you would want to put 0 instead of your earnings.</p>
<p>it is cash payment about 200 dollars… my aunt paid it to me that i worked in her restaurant.
i think that i didn need to report this payment to IRS.</p>
<p>Just report on the FAFSA that you earned $200 from work — put “will not file,” and leave the AGI and taxes paid blank.</p>
<p>I hate stories like this. Your aunt paid you under the table…and now you don’t know what to do? If it’s not too late, can your aunt issue you a W-2 form for this work done in 2011. Then just report it.</p>
<p>At least with only $200, filing is not required. $400 is the threshold for reporting self employment. I do agree that the aunt should be paying on the up-and-up, though.</p>
<p>do u think cash payment is illegal? and should i pay tax for 200 dollars?</p>
<p>For $200 you do not need to report it as self-employment as kelsmom says. If you make $400 or more this way, you should file Form SE along with your federal tax return so that the correct amount of Social Security tax is taken out of your income. Happykid has a bunch of self-employment income this year so she will be doing just that.</p>
<p>If you end up working regularly for your aunt, it might be better for everyone if she puts you on the regular payroll. That way all of the tax business will be taken care of for you. The biggest problem with self-employment income is that many people forget to set aside enough money from each paycheck to cover the taxes that they need to pay.</p>
<p>You really, really do not want to lie on the FAFSA or to the IRS. When people work for agencies that are regularly “ripped off”, they become very, very good and sniffing out the problem folks. </p>
<p>So, somewhere down the line, you proudly say “I worked part time in a restaurant and paid for my own college books” or some other public statement and it is easy, peasy to figure out if you skirted some laws. </p>
<p>We have seen some major figures brought down by a little fibbing. I recall when Kendra Woods was nominated for a federal judge-ship and it turned out she had neglected to pay Social Security contributions for her nanny. </p>
<p>This time you get to skate around the edges (because the reporting level is $400) but get yourself ready for 2012 when, hopefully, you’ll earn more than $400. Take time to do things “right” and you’ll earn yourself a reputation for honesty and taking care of details – exactly the sort of reputation that a future employer will be happy to see.</p>
<p>i do not work for my aunt any more. that is my only income in 2011.
i am going to put down 200 on my fafsa. if i am selected to comfirm the information on fafsa, i will explain the facts. i think is all right, isn’t it?</p>
<p>Absolutely.</p>
<p>If you are selected for verification, all you would have to do is complete a Student Non Tax Filer form (school’s form) and put $200 in income. You won’t have to provide anything more than that.</p>
<p>i saw the form said “must attch copies of any w-2 form and/or 1099form”… i do not have any w-2 form or 1099 form. what should i do ?</p>
<p>First, you don’t send anything in unless the college(s) select you for verification and send you the paperwork. Since you don’t file taxes and don’t have w-2’s or 1099’s you’ll only send in your parent’s form and, for yourself, only the non-filer statement. Don’t stress about it.</p>
<p>thank you very much 
it seems that i am overthinking about it…
but i really do not want to get any trouble. i hate to work with FINANCIAL!!! and my parents could not help me at all(:<</p>
<p>Please tell me why you would recommend someone listing 200.00 cash they were paid? There is no way to verify it, and no reason to even mention it. Sometimes there is honesty to a point of being ridiculous.</p>
<p>It isn’t ridiculous to report earnings alf56. The OP earned $200 and will report that just as one day a larger (we hope) sum will be reported for school year and summer earnings.</p>
<p>That is equal to saying that if you sell something you personally own for 200.00 you should report it to the state and pay sales tax on it. Also, if you buy anything on the internet, you should also report it to the government. Let’s be realistic, OP is talking about a lousy 200.00 cash - not 20,000.</p>
<p>The OP wants to report the income. What is your problem with that?</p>
<p>As for your questions about sales taxes, each state (and sometimes local) government makes it pretty clear what kind of sale is taxable.</p>
<p>One doesn’t pay sales tax on item sold unless they are authorized to collect sales tax. Non-taxable internet purchases are reportable as are purchases made at other outlets, like Indian-owned stores, and state sales tax is due. Auditors find, and fine, people for these violations all the time. Same with FAFSA - there is no instruction to omit amounts that you think are untraceable. Bottom line is that some people have integrity and choose to follow the law and others like to take shortcuts. People who take shortcuts run the risk of getting caught and having to pay fines and penalties. The OP can easily follow the law and then never has to give it another thought. She has expressed concern over not getting in trouble so why would you advise someone to do otherwise?</p>