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Addition income, how to regulate?

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  • Addition income, how to regulate?

    I am a student, but I have a website that generates some revenue (about 400-500 $ a month).
    I receive the money via paypal, how do I regulate it?
    Should I send invoice and then during tax day declare everything I have earned?

  • #2
    Assuming you are a resident for tax purposes: Self employment is reported on Form 1040 Schedule C and Schedule SE. Quarterly payments are made on Form 1040-ES

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