Tax

[sunwaters]

I saw that some members have collected more that 3k over the years, do we pay tax for doing this?

[crazyzoo]

i believe so once you reach 600.00 in a year think you have to fill out forms maybe another member can clarify

[work778]

check irs.gov

[mlam88]

yup, i wonder if we need to file tax at the end of the year and how much to qualify to file?

[ruevouge]

I'm pretty sure 600 on each site that you are on.  The site that you are with, in this case it would be Fusion Cash, sends you the papers for when you do taxes.

[GSBryce]

My good friend is a CPA. He informed me that if you don't get a form, then you don't need to worry about reporting it. However, most companies are on top of their taxes, so you would definitely get one if you made enough.

[blondie71]

It really depends on how much money you have earned each company would send you a 1099mis form and these business no matter where you work have until the end of January mail them out to you. If you don't get that form you don't have to worry about it.  I do taxes every year just to let you know I know what I am talking about.  Now if you need a write off because you are self employed you can use this income and internet exspenses.  Also if you are working parent of children under 18 you could us it to get the maxium earn income created if you don't make that much I believe you need to make at least $5000 but less than $10,000 but I am not sure yet I have to get the information to read they change tax laws every year.

[metsrock69]

i would pay taxes on it. for $600.00 or more money in my pocket would be worth it.

[tantricia44]

I've read online that, if your working on sites like this......if you get paid by token to receive a reward in gift card payment don't have to worry about taxes.Sweepstakes are the same unless a huge amount of monies is involved as the prize. But if you're working  on survey sites, yes it is required to inform uncle sam about it. I don't remember why so plan to check it out again online.  hope this helps!

[vwiggins]

So I'm reading you have to make $600 on fusioncash in order to file taxes? Is that true or is it less?

[Getinonthis]

I came across something like that before, but of the amount for FC I'm not sure.

[sunwaters]

Is that $600.00 earnings that need to be taxed earned within a year? If so, more likely, lots of members here will pay tax.

[caleshire]

For the one you  earn here you ended up of nothing if you have to pay taxes not very much earning for me.

[momoney555]

I dont think it is possible to make enough money on FC within a year to reach the limit to where you are required to pay taxes.  You are only held accountable for the total amount of income you receive within the year you are filing for.  I believe that limit is $600.

[jamrow36]

I made over 400 in 10 months and that was with zero referrals.  Missed the first few months of last year since I didn't start looking for these sites until February.  Although unlikely, it is very possible.  Especially if you do have a few good referrals