What happens if I don’t file 1099 form?
Asked by: allcreaturesvh
I am 19 years old, senior in high school, and am a YouTube Partner. Basically I made $ 9,500 in 2012 by making videos on youtube. The thing is my parents don’t know about this and I don’t know what to do. If I tell them they are going to freak out, force me to pay bills, and probably even make me pay them. In 2011 they did the same thing but I only made $ 600 so my parents didn’t think much and filed it under my name.
If I just ignore the 1099 form that arrives, will everything be ok?
I am just not experienced with this stuff and have never done this before. If I file on turbotax.com can I write my tax returns. For example, I specifically bought a $ 800 camera just for the equipment for my videos. New video editing software: $ 200. Can i do this?
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