Tax

[surveygrabber]

Did anyone receive 1099 from FC?

I cannot say most of us here don't make that much money. The most I ever cashed out was $288.05. The only way the reach $600 or more is by a combination of getting referrals and completing offers. So this probably won't apply to me.

[apettey]

I never earn more than a 100 for year in FC so I guess I don't need to worry about the Taxes.

[sherryfan]

I think $600 per year need to tax.....but I never know.... maybe a few can make that much in FC per year. Does anyone know who can make $600 per year at FC?

[cmdudley09]

I have been working from home for a while now, and every site that I have earned over 600 dollars and sometimes even less than that sends me a 1099 in January. If you make less than 3,000 total income from all of your jobs, than you do not have to report it. If you make over that amount, and fusion cash adds to your income that you already make, than yes all avenues of income recieved must be reported to the IRS

[yen1207]

I don't reach $600 per year doing survey though.

[lbeery]

I agree (although I am not a tax expert) that the new reporting limit is $600.  Used to be $400 but it was changed a couple of years ago.  That's what my accountant tells me anyway.

[5Yari32]

waoo didnt know that! thanks for the info

[monnee]

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

Yes, if it's 3G in a year, you pay taxes for sure.

[iraquib]

im agree u can earn few dollars but i have a referral link and i earn 120$ for each person sgn up under me and its free i like it

[hawkeye3210]

I agree (although I am not a tax expert) that the new reporting limit is $600.  Used to be $400 but it was changed a couple of years ago.  That's what my accountant tells me anyway.

Actually, nothing has changed, you just have a couple things mixed up. The filing requirement is still $400 from self-employed earnings. The $600 figure is for 1099's, which has nothing to do with your own filing and reporting requirements.

[starhazy1985]

3k making sounds good to me

[LovelyxOdd]

It is at each member's own discretion whether or not they will file taxes because of any website they use to make money, regardless of the amount they earned in a year. The IRS doesn't know about your Paypal earnings and checks sent to your mailbox that you cash or deposit are not worrisome unless it's a suspiciously large amount. THAT BEING SAID... my online earnings are my own and I'll share only when forced.

[sunwaters]

Hmm, too many interesting informations here whether to file or not to file 1099. Goodluck people with your IRS.

[RobertMendez]

good question, i did not think of that. but no worries for me because i dont make much here.

[bhiett]

I went ahead and turned in my online cash awards as miscellaneous income even though the first year's was a small amount.  It may not have been necessary but I wanted to be above-board on my income reporting.