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Topic: taxes?  (Read 3214 times)

timetodance143

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taxes?
« on: January 09, 2008, 01:11:42 pm »
When receiving money from this site, do you need to claim this income on your taxes?
How does this affect your tax paperwork?
Anyone know? Thanks!
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tnotrich

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Re: taxes?
« Reply #1 on: January 09, 2008, 01:14:13 pm »
I would like to know this also.
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Kohler

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Re: taxes?
« Reply #2 on: January 09, 2008, 01:27:22 pm »
When you reach 600 dollars per calender year you will need to fill out a W-9. All income should be reported to the IRS by law.
« Last Edit: January 10, 2008, 06:20:07 am by Kohler »
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dongoff

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Re: taxes?
« Reply #3 on: January 09, 2008, 02:31:06 pm »
So if you earn approx. 500 this year, and then 500 next year, etc., you'll never have to file a W-2? Or is it 600 cumulative?
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texans08

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Re: taxes?
« Reply #4 on: January 09, 2008, 02:42:28 pm »
600 per calendar year. you can earn 599.00 for the next 10 years and never have to touch a W-2 :thumbsup:
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Kohler

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Re: taxes?
« Reply #5 on: January 10, 2008, 06:17:00 am »
We would not send a W-9 until you reach 600 but again, you are required by law to report any and all income.
« Last Edit: January 10, 2008, 06:19:58 am by Kohler »
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LovinAl

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Re: taxes?
« Reply #6 on: January 14, 2008, 04:29:53 pm »
hey good question, I'm so happy I read this post, thank you for letting us know this ,,,for all these things are important and just to say I so Love FUSION
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