Miscellaneous income and N400

[Rocio0010 5,579]

Hello everyone! I have a rather simple question, but I can’t find definite answers. Most likely I’m overthinking it, but I digress. 
I have my main job where I get a w2 in January. However, I have the possibility of having a second job. It’s for a company where you work for different customers and you get paid cash (think something like Uber). How does one report that income when it’s time to file taxes ?

[Dave Knapp 47]

If you want to report it, file a schedule C ( Profit and Loss from a business) with your 1040 whenever you file.  The business can be a Sole Proprietorship, so its really simple. The instructions are on the IRS website and its pretty intuitive.  Good luck.

Edited October 30, 2022 by Dave Knapp

[Rocio0010 5,579]

5 hours ago, Dave Knapp said:

If you want to report it, file a schedule C ( Profit and Loss from a business) with your 1040 whenever you file.  The business can be a Sole Proprietorship, so its really simple. The instructions are on the IRS website and its pretty intuitive.  Good luck.

Thank you, Dave! I think because I’ll be working for a company, I’ll report it as “miscellaneous income”…. I’ll let my accountant handle that. But my question is: would that impact my naturalization eligibility?

My gut feeling and knowledge tells me no, because what matters is that I’ll be reporting the income To the IRS… just double checking 

[Bob in Boston 699]

if your working for a company they may give you a 1099. or like UBER they send you a record of earnings.... I think it was a schedual k or something like that. (forget the Schedual) find out from the company how they report it.

[Rocio0010 5,579]

1 hour ago, Bob in Boston said:

if your working for a company they may give you a 1099. or like UBER they send you a record of earnings.... I think it was a schedual k or something like that. (forget the Schedual) find out from the company how they report it.

They don’t report. I have to keep track of my income and then report it myself. 
my question is, will this impact n400?

[Lil bear 4,188]

12 minutes ago, Rocio0010 said:

They don’t report. I have to keep track of my income and then report it myself. 
my question is, will this impact n400?

No

[Bob in Boston 699]

2 hours ago, Rocio0010 said:

my question is, will this impact n400?

not at all

[Letspaintcookies 2,310]

6 hours ago, Rocio0010 said:

They don’t report. I have to keep track of my income and then report it myself. 
my question is, will this impact n400?

Why should it? Just trying to understand why you're worrying about it 😊

[Rocio0010 5,579]

33 minutes ago, Letspaintcookies said:

Why should it? Just trying to understand why you're worrying about it 😊

I don’t know… welcome to my world, where I worry about everything!

[Dave Knapp 47]

10 hours ago, Rocio0010 said:

Thank you, Dave! I think because I’ll be working for a company, I’ll report it as “miscellaneous income”…. I’ll let my accountant handle that. But my question is: would that impact my naturalization eligibility?

My gut feeling and knowledge tells me no, because what matters is that I’ll be reporting the income To the IRS… just double checking 

If you are being paid by the customer and not your "employer", you are not "working" for the employer. If you incur expenses in this enterprise, you can deduct them from your taxable income if you declare it as your business. It's up to you. If you don't want to save some money, you can always send it to me. Either way, once you have a Green Card, you can work or own a business here. No effect on your N-400. Best of luck.

[Wuozopo 4,293]

On 10/30/2022 at 1:12 PM, Rocio0010 said:

They don’t report. I have to keep track of my income and then report it myself. 
my question is, will this impact n400?

The N-400 only wants to know that you filed tax returns. They don’t audit how you file or care how much money you made. Nothing to worry about on N-400 as long as you file your tax return and pay your taxes. 
 

As far as your second job, to the IRS you are a self employed contractor. You own a small business and report your earnings on Schedule C. You also have Schedule SE which is paying in your share of Medicare and Social Security. Keep good records of earnings and expenses (like miles driven to the gig, or things you had to purchase, etc) You should become familiar with what records you will need to provide your accountant before you get started. 
Here a start for learning https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center