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Discussion Boards => Payments => Topic started by: harleyy2 on August 19, 2010, 11:01:27 pm

Title: Is Fusion Cash counted as an Employer?
Post by: harleyy2 on August 19, 2010, 11:01:27 pm: Is it or not? At the moment, I'm thinking it is....lol....we get paid $$$$ :thumbsup:
Title: Re: Is Fusion Cash counted as an Employer?
Post by: ieatfelt on August 19, 2010, 11:30:00 pm: LOL, i'd say Fusion Cash is more of sales system and WE are the independent contractors.
Title: Re: Is Fusion Cash counted as an Employer?
Post by: debraleesparks on August 20, 2010, 01:16:15 am: :thumbsup: Yes, they are in a way,, when we earn $600, we have to deal with the paperwork,the same way a regular worker does. We are kind of employees of FUSION CASH.. But they are GREAT bosses !!!!
Title: Re: Is Fusion Cash counted as an Employer?
Post by: Administrator on August 20, 2010, 03:26:03 am: In the technical/legal sense all FC members are independent contractors working for FusionCash.
Title: Re: Is Fusion Cash counted as an Employer?
Post by: atvgirl1 on August 20, 2010, 04:16:42 am: I would say that it is you are getting paid from them.
Title: Re: Is Fusion Cash counted as an Employer?
Post by: harleyy2 on August 20, 2010, 07:20:29 am: Thought so lol....the $600 story is very true..because you need to do taxes, etc :P
Title: Re: Is Fusion Cash counted as an Employer?
Post by: mc1962 on August 20, 2010, 07:30:08 am: I will only earn $599.99 then stop for the year!!!!!!!!!!!!!!! (LOL)
:heart: :heart: :heart: :heart: :heart: :heart: :heart: :heart: :heart:
Title: Re: Is Fusion Cash counted as an Employer?
Post by: harleyy2 on August 20, 2010, 07:38:24 am: Quote from: mc1962 on August 20, 2010, 07:30:08 am
I will only earn $599.99 then stop for the year!!!!!!!!!!!!!!! (LOL)
:heart: :heart: :heart: :heart: :heart: :heart: :heart: :heart: :heart:

@mc1962 - alright lol...thats not a bad idea..I don't want to get into taxes :P
Title: Re: Is Fusion Cash counted as an Employer?
Post by: swogden on August 20, 2010, 01:53:57 pm: Most GPT sites have an explicit statement in their TOS that members are not em'ees of the company. FC does not have that statement, but it seems clear that we are not employee's. Instead, FC is a service provider and we are independant contractors using their services.

There is a clear statement in the TOS that we are responsible for all taxes that might be levied against the amounts we receive. The IRS requires service providers who pay more than $600 (annually) to any one person or organization to file a 1099 for the amount provided and submit that 1099 to the IRS and the person/organization who received that amount. To do that, FC will ask you for your SS # when you get close to achieving that amount.

Other sites require you to provide your SS# up front or submit the 1099 on lower amounts.

The purpose, obviously, is to make sure that the receipant pays taxes on the amounts received.
Title: Re: Is Fusion Cash counted as an Employer?
Post by: Azanne07 on August 20, 2010, 02:04:24 pm: Great information thanks for making this post. I did not know if we made $600 that we would have to do paper work for taxes. Hell that says we have to make $50 a month. I am no where near that right now. Guess its not that bad that I only make about 12 a month lol
Title: Re: Is Fusion Cash counted as an Employer?
Post by: harleyy2 on August 20, 2010, 03:45:35 pm: Quote from: swogden on August 20, 2010, 01:53:57 pm
Most GPT sites have an explicit statement in their TOS that members are not em'ees of the company. FC does not have that statement, but it seems clear that we are not employee's. Instead, FC is a service provider and we are independant contractors using their services.

There is a clear statement in the TOS that we are responsible for all taxes that might be levied against the amounts we receive. The IRS requires service providers who pay more than $600 (annually) to any one person or organization to file a 1099 for the amount provided and submit that 1099 to the IRS and the person/organization who received that amount. To do that, FC will ask you for your SS # when you get close to achieving that amount.

Other sites require you to provide your SS# up front or submit the 1099 on lower amounts.

The purpose, obviously, is to make sure that the receipant pays taxes on the amounts received.

@swogden - thank you very much for the reply...well I doubt I'll be making that much..I'll barely make $300/yr probably.....ty for answer
Title: Re: Is Fusion Cash counted as an Employer?
Post by: Administrator on August 20, 2010, 04:49:48 pm: As always, we can't offer tax advice, but you should be aware that ALL amounts earned are taxable, whether there's a 1099-MISC or not. Even $25 should be reported on your income tax return. I suggest you err on the side of caution and report it, because the IRS is cracking down on independent contractors who don't follow through on all the paperwork & reporting. Please see a licensed tax professional who can examine your particular situation and don't take advice from an internet forum -- even if people are well informed and well intentioned, their advice cannot apply to everyone, because everyone's tax situation is different.
Title: Re: Is Fusion Cash counted as an Employer?
Post by: harleyy2 on August 20, 2010, 05:04:30 pm: Quote from: Administrator on August 20, 2010, 04:49:48 pm
As always, we can't offer tax advice, but you should be aware that ALL amounts earned are taxable, whether there's a 1099-MISC or not. Even $25 should be reported on your income tax return. I suggest you err on the side of caution and report it, because the IRS is cracking down on independent contractors who don't follow through on all the paperwork & reporting. Please see a licensed tax professional who can examine your particular situation and don't take advice from an internet forum -- even if people are well informed and well intentioned, their advice cannot apply to everyone, because everyone's tax situation is different.

@Administrator - Thank you for responding....okay...this will be interesting then...but FC doesn't need to verify our idenity, right? Unless, people can't verify themselves by using a phone...
Title: Re: Is Fusion Cash counted as an Employer?
Post by: debraleesparks on August 20, 2010, 10:47:28 pm: :wave: :wave: :wave: :wave: Tomorrow, August 21 st,, I will be using FUSION CASH for exactly THREE YEARS,,, you can see what I've earned in that time... It will be a while until I need to do any paperwork!! hahahaha
Title: Re: Is Fusion Cash counted as an Employer?
Post by: harleyy2 on August 20, 2010, 10:56:26 pm: Quote from: debraleesparks on August 20, 2010, 10:47:28 pm
:wave: :wave: :wave: :wave: Tomorrow, August 21 st,, I will be using FUSION CASH for exactly THREE YEARS,,, you can see what I've earned in that time... It will be a while until I need to do any paperwork!! hahahaha

@debraleesparks - Okay, good luck!!!! Hopefully, I can make lots of money, too!
Title: Re: Is Fusion Cash counted as an Employer?
Post by: debraleesparks on August 20, 2010, 11:45:10 pm: Quote from: harleyy2 on August 20, 2010, 10:56:26 pm
Quote from: debraleesparks on August 20, 2010, 10:47:28 pm
:wave: :wave: :wave: :wave: Tomorrow, August 21 st,, I will be using FUSION CASH for exactly THREE YEARS,,, you can see what I've earned in that time... It will be a while until I need to do any paperwork!! hahahaha

@debraleesparks - Okay, good luck!!!! Hopefully, I can make lots of money, too!
:wave: :thumbsup: GOOD LUCK TO YOU TOO !!!! I'm sure you'll make lots of money. !!!!
Title: Re: Is Fusion Cash counted as an Employer?
Post by: harleyy2 on August 21, 2010, 12:52:05 am: Quote from: debraleesparks on August 20, 2010, 11:45:10 pm
Quote from: harleyy2 on August 20, 2010, 10:56:26 pm
Quote from: debraleesparks on August 20, 2010, 10:47:28 pm
:wave: :wave: :wave: :wave: Tomorrow, August 21 st,, I will be using FUSION CASH for exactly THREE YEARS,,, you can see what I've earned in that time... It will be a while until I need to do any paperwork!! hahahaha

@debraleesparks - Okay, good luck!!!! Hopefully, I can make lots of money, too!
:wave: :thumbsup: GOOD LUCK TO YOU TOO !!!! I'm sure you'll make lots of money. !!!!

@debraleesparks - THANK YOU :D

Harleyy2
Title: Re: Is Fusion Cash counted as an Employer?
Post by: workmama on August 21, 2010, 07:00:11 am: Quote from: mc1962 on August 20, 2010, 07:30:08 am
I will only earn $599.99 then stop for the year!!!!!!!!!!!!!!! (LOL)
:heart: :heart: :heart: :heart: :heart: :heart: :heart: :heart: :heart:

Your comment made me laugh....LOL.... ;D :peace: :heart:
Title: Re: Is Fusion Cash counted as an Employer?
Post by: harleyy2 on August 21, 2010, 09:36:20 am: Quote from: workmama on August 21, 2010, 07:00:11 am
Quote from: mc1962 on August 20, 2010, 07:30:08 am
I will only earn $599.99 then stop for the year!!!!!!!!!!!!!!! (LOL)
:heart: :heart: :heart: :heart: :heart: :heart: :heart: :heart: :heart:

Your comment made me laugh....LOL.... ;D :peace: :heart:

@workmama - Haha :D
Title: Re: Is Fusion Cash counted as an Employer?
Post by: premafussel on August 21, 2010, 09:55:38 am: oh, i just got up this morning and i hurriedly went to my pc to work here in fushion cash...hehehhe....
Title: Re: Is Fusion Cash counted as an Employer?
Post by: lightningclix on August 21, 2010, 07:11:51 pm: Quote from: mc1962 on August 20, 2010, 07:30:08 am
I will only earn $599.99 then stop for the year!!!!!!!!!!!!!!! (LOL)
:heart: :heart: :heart: :heart: :heart: :heart: :heart: :heart: :heart:

Now there's a plan... :icon_rr: ha ha
Title: Re: Is Fusion Cash counted as an Employer?
Post by: premafussel on August 28, 2010, 12:08:17 pm: absolutely..no boss you can manage your own time....and can still do things whenever you want and make more money you want...
Title: Re: Is Fusion Cash counted as an Employer?
Post by: briannajeanxo on August 29, 2010, 08:44:11 am: more like an independant contractor
Title: Re: Is Fusion Cash counted as an Employer?
Post by: missijl on August 31, 2010, 12:47:41 pm: Just the word "taxes" makes me cringe! ;D
Title: Re: Is Fusion Cash counted as an Employer?
Post by: halokitty on August 31, 2010, 12:52:16 pm: Quote from: missijl on August 31, 2010, 12:47:41 pm
Just the word "taxes" makes me cringe! ;D
me too im just glad they don't take taxes out until you make a certain amount
Title: Re: Is Fusion Cash counted as an Employer?
Post by: missijl on August 31, 2010, 01:38:33 pm: I just hate the whole process. It always seems like something goes wrong, or a weird issue pops up! lol
Title: Re: Is Fusion Cash counted as an Employer?
Post by: sammywantsya on August 31, 2010, 03:16:02 pm: Quote from: Administrator on August 20, 2010, 03:26:03 am
In the technical/legal sense all FC members are independent contractors working for FusionCash.

wow as says by the admin lol :) woot so i have 3 jobs now hehe ^^