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Topic: Did you know?  (Read 958 times)

jqlnramirez

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Did you know?
« on: July 07, 2009, 03:12:12 pm »
If you make more than 600 dollars in surveys ur supposed to claim it in ur taxes..im not sure about it. i think i read it somewhere. does anybody know for sure about this?
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resebel

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Re: Did you know?
« Reply #1 on: July 07, 2009, 03:55:52 pm »
i think no matter what the amount is as long as you earned it, you've got to claim it,,i think,,,
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dgoebel

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Re: Did you know?
« Reply #2 on: July 07, 2009, 03:57:26 pm »
In the US, income is income from dollar one even if you won’t actually end up paying tax on the income. The $600 that you’re referring to is just a reporting limit imposed on the company that made the payment – not the taxpayer.

The taxpayer is responsible for reporting all income. If you actually earned $599, and didn’t receive a form 1099, you’d still be responsible for reporting the $599 as income. If the $798 that you receive constituted income, you must report the entire amount.
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