do you file taxes for getting paid on surveys like this?

[lannl]

I sure would hate to be taxed on this since it takes a very long time to make enough to cash out. If they taxed this and I had to fill out a bunch of complicted forms just to lose most of my earnings, I would look for something else to do for sure.

[nkopacki]

u only have to pay taxes on anything if you make over a certain amount of money, that amount im not sure

[batmobile]

i wont tell if you dont...this is like working a at strip club, you dont have to...this is a side deal, you only get paid so much not like a real job hon...take advantage of it

[pstovall]

I guess when you get a 1099 form from FusionCash, you can count yourself as successful.  What a thrill that would be for me!  Right now I'm doing good to make half that much, but even $300 a year for playing as FC is amazing to me!  It's pure entertainment with benefits!!!

[Administrator]

I am not a tax advisor, lawyer, nor accountant, and this is not intended to be tax advice.  In general, the IRS requires that you report ALL income, whether $20 from a garage sale or $25 from FC.  The $600/yr requirement is when WE (FC) have to report your income to the IRS.  Below that level, the obligation to report is only yours.

Bear in mind that it's $600 RECEIVED per year, not $600 cashed out per year.  For example, your total received in 2012 would be cashouts made from December 2011 to November 2012 (which would be received by you during Jan-Dec 2012).

[heypeg]

Thanks for all the info. Wasn't sure how the tax was handled. Glad someone mentioned it.

[schomeearnings]

I am glad we have people looking at the bigger pictures here as far as taxes. I was excited about my $53; so if I had to pay taxes I may be willing, but then again, I like my hard earned side money to myself!

[deisha718]

i wont tell if you dont...this is like working a at strip club, you dont have to...this is a side deal, you only get paid so much not like a real job hon...take advantage of it

LOL! Pretty much and I doubt taxes would be a problem.  It would be nice to make enough to file taxes, but this is just extra money to a lot people on this site.  If you're taxed just for that, then that would be crazy.

[mikens08]

I believe it is around 500+ dollars when the IRS start to care about it then it becomes taxable, someone correct me if I am wrong

[falcon9]

I believe it is around 500+ dollars when the IRS start to care about it then it becomes taxable, someone correct me if I am wrong

I am not a tax advisor, lawyer, nor accountant, and this is not intended to be tax advice.  In general, the IRS requires that you report ALL income, whether $20 from a garage sale or $25 from FC.  The $600/yr requirement is when WE (FC) have to report your income to the IRS.  Below that level, the obligation to report is only yours.

Bear in mind that it's $600 RECEIVED per year, not $600 cashed out per year.  For example, your total received in 2012 would be cashouts made from December 2011 to November 2012 (which would be received by you during Jan-Dec 2012).

[schomeearnings]

I think with the taxes each company is different. A company that my husband does it was $600 and another online company is $200, so as someone suggested, when you get the 1099 then you can worry about it. For now just enjoy yourself!

[gbrown1]

thanks for the info on taxes it is helpful