end of year... tax?

[ChefMary412]

Does PC send us a form with the exact amount we made? or is it something we have to do on our own. I know the number. I was just wondering if there is an official paper.

[PCJen]

PC will send you a form 1099-Misc if you have made $400 or more.

[ChefMary412]

................thanks!!!

[PCJen]

You're welcome. If you earned anything for free it will also be on the 1099-Misc. as income. My accountant usually just writes it off as going toward my kit for demos, no taxes owed.:)

[pcchefjane]

It's $400? I thought it was more than that before the 1099 came out. Someone else said it was higher on another thread when we were discussing Unemployment with PC.

[erinb]

I'm almost positive that it's a minimum of $600

[Mel92504]

I'm new to PC, I was wondering if anyone knew approximately what percentage of our income I should keep aside for taxes.