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Topic: Taxes  (Read 376 times)

jstein2

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Taxes
« on: August 01, 2012, 11:21:01 am »
Does anyone here make enough with Fusion Cash that you have to pay taxes at the end of the year? How much would it take?

hawkeye3210

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Re: Taxes
« Reply #1 on: August 01, 2012, 03:24:42 pm »
Does anyone here make enough with Fusion Cash that you have to pay taxes at the end of the year? How much would it take?

Once your online income (Fusioncash plus any other sites you are on) exceeds $433, you will have to start paying self-employment tax. Any income tax owed will depend on your other income and personal situation.

candyterrius

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Re: Taxes
« Reply #2 on: December 15, 2012, 05:03:43 pm »
I will not be using Turbo Tax or other tax software this year. I will prepare my own tax return by paper method first, then I will take it to a registered tax preparer or an Enrolled Agent to double check if I prepared my taxes accurately before e-filing. Starting next year I will be preparing my own tax return without having to pay for the extra service.

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