The ultimate, and in some ways unexpected, impact of The Mystery of the Gentiles is something that even those dedicated to the pursuit of truth may initially find difficult to accept, especially in light of its spiritual, eschatological and political ramifications.
Babysitting qualifies as a business under tax law, so you will have to file a Form 1040 Schedule C, Profit or Loss from Business, or short form Schedule C-EZ when you do your taxes. Depending on how much you earned, you may also have to file Schedule SE and pay self-employment tax on your babysitting income. Schedule C or C-EZ
Some of those concerns, however, have been eased, thanks to the simplified home office deduction. Instead of filling out the 43-line Form 8829 to claim a deduction for your home office, you have the option to claim up to $1,500 by using a significantly streamlined work sheet.