Do I have to pay tax on income from my part time business?

Yes. This is taxable income from self employment. You must report it on Form 1040, Schedule C

or Form 1040, Schedule C-EZ.

You may also have to file Form 1040, Schedule SE

and pay self employment tax.

Related tax information about a part time business

Tax Directory Topics:
Self Employment Tax
Income Related Questions and Answers

IRS publications about a part time business:
For more tax information refer to IRS Publication 533,

Self-Employment Tax. Also see IRS Publication 17,

Your Federal Income Tax. Please read this IMPORTANT Editor's Note regarding navigating IRS publications with Adobe Acrobat Reader.
IRS publications can also be ordered by calling 1-800-829-3676.

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