I was a guest speaker one time in 2007. I got paid $1,000. Do I have to fill out Schedule C?

even though I only did it once for one day in 2007? According to OnlineTaxes, the company i did my tax return with, if I engaged in sporadic activity (one time i believe qualifies), then i just report this as other income on my 1040. Is this correct, i don't want the IRS coming after me.

I was a guest speaker one time in 2007. I got paid $1,000. Do I have to fill out Schedule C?
You were paid for your expertise. Put it down as schedule C income.
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Reply:Online Taxes is correct. They must NOT be jackson-hewritt nor block. If you have no expenses that you can deduct vs. the income, you could report it on Line 21 of the 2007 1040. Save all your receipts and keep a diary of your expenses. If you speak again, you will be able to deduct the business related expenses against the income received. Good luck.
Reply:Normally you would report it directly on your form 1040 or 1040A as "other income"





The problem is you get taxed on it.





You can report it on Schedule C as income received from self employment. Then come up with expenses (the mileage you drove to go there for example) to help cover the amount that you would get taxed.





Either way it will affect your refund in the negative (or increase the amount you owe) unless you come up with schedule C expenses greater than the 1000 which would mean you are claiming a loss on self-employment, and it would benefit your return.





Keep in mind you only have to report income that you received tax documents for. If you did not receive a 1099 MISC (usually filled out under box 7, nonemployee compenstation) or some other form, then don't sweat it.