taxed

[shortnlovabl3]

so does anyone know how this tax thing is goin to work on fc? i mean i had to fill out my info last time i cashedout cause i went over 600....are they gonna send us a w4, start taking taxes out of our earnings or what?

[natashaspy]

if you earn over 600 in a year, congrats to you...you're doing something better than i am lol.  but they should send you a tax form to use on your taxes.

[Bdubbiu]

WOW, tax obligations,
It may pay to cash out more often.
I have been a member of other sites where this seemed to work.

[shortnlovabl3]

it doesn't matter cashing out more often it's once you reach the amount 600 total in earnings its a new law obama passed he considers it a self employment

[mlam88]

Wow...good to know that we can file income end of the year .. I start to like this job now..

[joyroos18]

   taxes, never thought about that but i dont think i have to worry about getting over 600 lol

[ladavia89]

Independent contractors of any kind aren't required to pay taxes on an income of less than $600 a year.   That is a pretty small account considering I get paid about  4 times that just for babysitting

I guess it's a good thing I have too short of an attention span to make that much on any one site per year.

[davidh121]

I've never made that much in a single calendar year with any single earnings site, but companies are required to provide a 1099 form if you make over $600. This policy isn't anything new. In actuality any form of income you make is suppose to be reported by the person.

[vicogden]

Whether or not you get a 1099-Misc for income over $600, you should still report the income.  It's ultimately the tax payer's responsibility to report income earned.