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Discussion Boards => FusionCash => Topic started by: timetodance143 on January 09, 2008, 01:11:42 pm

Title: taxes?
Post by: timetodance143 on January 09, 2008, 01:11:42 pm

When receiving money from this site, do you need to claim this income on your taxes?
How does this affect your tax paperwork?
Anyone know? Thanks!

Title: Re: taxes?
Post by: tnotrich on January 09, 2008, 01:14:13 pm

I would like to know this also.

Title: Re: taxes?
Post by: Kohler on January 09, 2008, 01:27:22 pm

When you reach 600 dollars per calender year you will need to fill out a W-9. All income should be reported to the IRS by law.

Title: Re: taxes?
Post by: dongoff on January 09, 2008, 02:31:06 pm

So if you earn approx. 500 this year, and then 500 next year, etc., you'll never have to file a W-2? Or is it 600 cumulative?

Title: Re: taxes?
Post by: texans08 on January 09, 2008, 02:42:28 pm

600 per calendar year. you can earn 599.00 for the next 10 years and never have to touch a W-2 :thumbsup:

Title: Re: taxes?
Post by: Kohler on January 10, 2008, 06:17:00 am

We would not send a W-9 until you reach 600 but again, you are required by law to report any and all income.

Title: Re: taxes?
Post by: LovinAl on January 14, 2008, 04:29:53 pm

hey good question, I'm so happy I read this post, thank you for letting us know this ,,,for all these things are important and just to say I so Love FUSION