Do you pay taxes as an independent contractor if you work for a webcam or pso company.
Do you pay taxes as an independent contractor if you work for a webcam or pso company.
Yes. If you don't make $600 or more for the year, people don't file, But that does not include one company as a PSO or cam...if you are working for various companies and make over $600 you need to file.
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I would also add that the companies that do the online credit card processing for webcam sites , PSO sites etc. WILL be sending out 1099's covering every single dollar that they have paid to you. Since the IRS also gets a copy, and since IRS computers automatically try to link up SS#'s on 1099's received from businesses versus the amount of 1099 income reported on the tax return of the person with that SS#, you want to be very sure that you have correctly reported the amounts on your tax return.
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