taxes

[jakobsmommy2004]

Do we have to claim earnings on taxes at the end of the year?

[froggylover227]

I actually asked this question a few months ago, and don't think I ever got a response back! I asked my dad, and he said only if it's over a certain amount, but I think at tax-time, I'm going to report my earnings anyway just to play it safe. My accountant is really great and I've been dealing with him for years, so if I don't need to report it, he will let me know. But I'd rather be safe than sorry! If you find out anything else about this, let me know! 

[swkstudent]

I hope not.

[blondie71]

Taxes are only filed when you make a certain amount but if you have your own business and have children it is better to claim it becasue it gives you a higher earned income credit. I graduated with an associates degree in account march of 2009 and I do taxes for several people I will try to find out what the limit is for you.  If FC cash doesn't send you a 1099 mis form you will not have to claim it. If you want to keep asking questions bookmark this thread and I will try to answer any of your tax questions note that tax rules and stuff change from year to year i will do my best to help you. I went to look up Fusion Cash about tax forms and if you make a lot in a year you will have to pay taxes other wise you are an independant contractor you only have to count it if you recieve something from FC Just like I thought so its up to you.

[redrose77]

Interesting that you mentioned it It would be good to know if you do since tax season around the corner. Please let us know if you do have claim and thank you.

[blondie71]

Well I did look it up and with this program at Fusion Cash you are an independant contractor so its up to you to keep track, also I believe you have to make over $600 a year but if you have a regular job this would be a self employment and there would be deduction you can take and like I said before if you have children and want to get your maxium earned income credit you need to make a certain amount to get it and I don't know what that will be until the new tax information in realeased.

[Twilighter182011]

That is a very good question. But I don't you will for this, like everyone has said you have to earn a certain amount, would be nice but it is good just sticking with what your already getting.