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4 Responses to 'Giving tennis lessons on the side.Should I pay taxes on it? How do I do that?'

1. united9198 - September 3rd, 2009 at 12:48 am

   You should report it as miscellaneous income on your tax return. By not paying taxes, you are risking a felony and potential stretch in the penitentiary.

2. deogee - September 4th, 2009 at 11:46 pm

   you go the nearwst IRS payment center and pay quarterly.

3. Judy - September 7th, 2009 at 9:38 am

   If you had just given a couple lessons and the student had bought you lunch, then it wouldn’t be something to worry about, but it’s obviously a lot more than that, so yes, you are required to pay taxes on it. It would be considered a business.

   You need to keep very accurate records of what you get paid – and also of what expenses you have to make that money – court fees, balls, any other equipment, whatever else you need to buy to give the lessons. You report your income, and also your associated expenses, on a schedule C. The net income then transfers to your 1040-NR.

4. bostonianinmo - September 9th, 2009 at 5:01 am

   Yes, you need to pay taxes on it. File a Form 1040NR return. File Schedule C to account for the income and business expenses. File Schedule SE to calculate the Self-Employment taxes. (Schedule SE may not be necessary since you are classified as a non-resident alien. See IRS Pub 519 for more information on that.)

   What you are doing isn’t called being paid “under the table.” That refers to working at a regular business and being paid from cash taken in that was not accounted for by the business.

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