<prompt> Human: Last year my side income was about 80 of my salary. This year its going to be more. Im not interested in incorporating at the moment. Is there anything that I should do or be aware of? I filled out a 1099-MISC for the 2014 tax year through TurboTax, and the amount ended up on hobby income. Thanks.  <response>: Im not interested in incorporating at the moment.You should. If you form an S-Corp, you can pay yourself a salary of less than 100 of the companys earnings, and save some money on self-employment tax. 