ilmscore | Prediction Details
"Now, if you don't report it, then you're setting yourself up for an IRS notice, and the IRS is going to demand that you pay taxes on the full $6,000, and that's going to come out to something like $1,500 in taxes."
By ClearValue Tax | January 5, 2026 | Pending
From video
IRS Cracking Down on Side Hustle Income (Avoid These Mistakes!) 00:12:44 - 00:12:57
Interpreted Prediction
Failing to report side hustle income can result in an IRS notice demanding taxes on the gross amount earned, plus potential penalties, rather than the actual profit.

Prediction Details

Topic
IRS Action on Unreported Side Hustle Income

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