Worth to do taxes and expect a refund?

Nothing like announcing on a public forum that you are taking in unreported income.

Originally Posted by KzScrapper

Nothing like announcing on a public forum that you are taking in unreported income.

Well now hold on a sec, until the first year I claimed scrapping on my taxes (as a reported income different than other jobs I ever had) I NEVER knew the difference between that reported income and income as a hobbyist. My understanding is that as a scrapper (self employed) you have to claim a plus 3 years out of 5, as a hobbyist you may have to pay taxes even on a loss. That is how my tax person explained it to me.

Also, it depends on (as a hobbyist) how much he takes in, if its under a certain amount you don't have to claim it or even if you do you will owe no taxes anyways.

Now, as far as the rest of the post goes I agree, but thats up to the OP, not us to decide.

I don't know about the rest of the posts (Big Brother lurking) as I've never had that happen nor ever heard of it happening to anyone I know so I offer no opinion there other than ..''really? they really do that??''

I'm in no way advocating for the OP since I don't have all the info but I'm just trying to look at both sides of the coin so to speak.

Each persons conscious has to go to bed every night.