Paying Tax on Earnings on this Site

[countrygirl12]

I know someone on here started a thread about this a while back.  Said they got a 10-99 at the end of the year.

IF you have received a 10-99 from a site like this can you tell me if you had to pay SS and Medicare in as well?  Just curious as to HOW you were taxed?

[NRAJOE]

Nope, just had to declare on taxes...with deductions I didn't owe any more anyways...I'm getting close on here....

[debidoo]

I don't know about the medicare but when you get a 1099 you do have to pay social security.  It has been years but I used to do bookkeeping as an independent contractor and got a 1099 and had to do this other tax form to pay in SS. It has been so long I don't remember about anything else. You can deduct internet and other costs though associated with earning online.

[Skyisbluetoday]

         They will send a  1099 form with your earnings. Medicare and other information is separate from this site for taxes. Hope this helps you!           

[potluck6]

think you have to make 600.00 to get a 99 form whatever. so don't know how much ive made is away to see. if I got to 598.00 orso by the end of dec id stop so wont have to pay taxes.

[ktheodos]

Only if you earn more than a certain amount ($600 I believe)

[snuggleycutejc]

self employed, about if you earn like 600.00 a year you need to pay. If your pay like 339.00 your deductions are: fica 21.06, medicare 4.95, sdi/dieo 3.00 so you take out 29.39 so you can do ratio proportion for your calculations or learn what the payroll deduction % is per $ wow you know someone that makes $600.00 a year on this site I what to learn this, keep in touch.

[ghunter]

I barley make $50.00 a year on this site, so I won't paid taxes.

[countrygirl12]

I don't know about the medicare but when you get a 1099 you do have to pay social security.  It has been years but I used to do bookkeeping as an independent contractor and got a 1099 and had to do this other tax form to pay in SS. It has been so long I don't remember about anything else. You can deduct internet and other costs though associated with earning online.

Hmmm.  I never thought about deducting internet costs. lol  That makes total sense though.

[countrygirl12]

self employed, about if you earn like 600.00 a year you need to pay. If your pay like 339.00 your deductions are: fica 21.06, medicare 4.95, sdi/dieo 3.00 so you take out 29.39 so you can do ratio proportion for your calculations or learn what the payroll deduction % is per $ wow you know someone that makes $600.00 a year on this site I what to learn this, keep in touch.

Well, I am going to come close on another site. Not this one. But over all I do well on this site too.  And it is from MY hard work not from referrals.  We have discussed that in other threads.  AND it has come to my conclusion that referrals are basically worthless.  I had a woman ASK me to refer her to one of my sites. I did. Not this one though. And I am assuming she did join but she didn't join thru my referral because I didn't get credit.

She got mad at me a couple days after I sent the referral so I assume that is why she didn't use the link I sent.
**sign**  Oh well.

I cash out pretty much every month. I may miss 1 or maybe 2 months a year.  I do the emails which is only 2 cents.  I mostly do surveys to make the bulk of my money. If you qualify for one survey you can get the 15 cent paid to click every day.  It all adds up.  A lot of people don't fool with the lower paying surveys. But they add up.  And if it is a 30 cent survey that is enough to qualify for the PTC section.  Then the $3 forum gives you another boost.

[countrygirl12]

think you have to make 600.00 to get a 99 form whatever. so don't know how much ive made is away to see. if I got to 598.00 orso by the end of dec id stop so wont have to pay taxes.

Your post is a little confusing. lol

You can go to MY ACCOUNT
MY CASHOUTS

Just add up what you have been paid.  Just remember the cash out date is not the paid date.  So December of last year would need to be included in the total for earnings this year.  Because December's cash out will actually be paid in January.  I have an app on my phone that when I cash out on any site or earn money on any site I put it in the app.  The app allows for "Jobs" which each site is a "Job".   I can input each time I cash out and keep up with what I have earned thus far.  Easier than looking for the info on each site. haha

You are lucky you could wait until $598.  Some sites want a tax form and your SS number by about $500.  I signed up for one that was a mystery shopping site and they want your social security number from the start.  If you earn $20 they send you a 10-99.  The rip off on that is say the job pays $7 plus reimbursing you for expenses up to $10.  So the total you turn in and get paid for is $17.  But you only earned $7.  The $10 was reimbursing you for money you spent.  I understand basically you are getting $17 but you are only getting $7 and $10 in goods.  I don't want to pay taxes on $10 worth of food from Dunkin Donuts.  Does that make sense?

Anyway, I skipped that one.  IT is legit and I have a friend who works for the site.  But his job allows him to travel all over the country so he has way more opportunities.  The area I live in has very little activity and what activity there is I have to drive at least an hour to get to the jobs.

[bremer51]

I don't have a cash-out of $50 each month, so I don't reach the threshold for the 1099.

[countrygirl12]

I don't have a cash-out of $50 each month, so I don't reach the threshold for the 1099.

You do not need a cash out of $50 a month.  You can cash out at $25.  I have months where I have barely over $25 and I have months where I have closer to $100.  I have never had over $600 on this site.

[monnee]

I don't earn enough to pay taxes on this site.

[UGetPaid]

I don't have a cash-out of $50 each month, so I don't reach the threshold for the 1099.

You do not need a cash out of $50 a month.  You can cash out at $25.  I have months where I have barely over $25 and I have months where I have closer to $100.  I have never had over $600 on this site.

I think what this person  is saying is that you would need to average $50 a month to hit the $600 for the year - so in order to receive a 1099, you would have to basically earn $50 a month consistently.