income tax

[hawkeye3210]

Money made from surveys is taxable. And should be reported. The 1099 comes in play because the IRS requires business or such to issue after a certain amount. Now, whether you decide to report them, that is between you and your conscience.

?? Did u not read above it don't matter what u do to make the money as long as it's under 600 you dot have tO report it

That is incorrect.  Filing a 1099 and reporting income on your tax return are two different matters.  The $600 figure only applies to the filing 1099's, but you are still required to report your income on your tax return even if it is below the $600 amount.

[dlennie]

It may benefit more to claim the income since you are considered an independent contractor.

[Stealth3si]

The tax form is called 1099-misc IIRC.

[charmaine56]

Actually, if you get to the truth, according to soverign orders. paying taxes is illegal.

I believe messiah mews here knows all about that and if I could post a link to the soverign order of our Lord Jesus Christ and the documents it contains you could read it but go ahead and report every penny if you want to.

[TOMAS7]

Oy- so many answers and opinions some correct and some not. Definitely contact your tax advisor and make sure you pay attention to the answer they give you as there are too many misinterpretations presented here and most only have part of the answer correct, or have it correct but others are repeating incorrectly. If you really want to confirm visit the IRS website for clarification as well. www.irs.gov check under 1099 which generally applies when one is an independent contractor and there have not been any income taxes taken out from the payment made, that should clarify what types of income require the payer to furnish the 1099 and what the recipient's responsibilities are.

[SherylsShado]

I've had a professional tax preparer do my taxes for the past ten years and even though I don't earn a substantial amount of cash from survey sites, they have said it "ALL gets claimed as income and that way if there's an audit further down the road...there's nothing to worry about".  I like having no worries! 

[kay7]

I could be wrong but I was under the impression that the IRS is now requiring Paypal to report so people in the US can't hide behind the $600 limit on 1099's.  I don't know because I don't remember ever giving my social there but I'm pretty sure I'm about even with expense vs income 

[springsgardner]

2011 was my first year earning online. I think Mturk reports to the IRS- and I made more than 2x that 600 limit you mentioned. I've earned what you see below here and a decent amount on swagbucks along with a teenytiny amount on iRazoo. I'm trying to figure out how to report all this honestly so I don't get audited later. Anyone know? I don't have another job, but my dh does.

[SherylsShado]

2011 was my first year earning online. I think Mturk reports to the IRS- and I made more than 2x that 600 limit you mentioned. I've earned what you see below here and a decent amount on swagbucks along with a teenytiny amount on iRazoo. I'm trying to figure out how to report all this honestly so I don't get audited later. Anyone know? I don't have another job, but my dh does.

I've always added up how much I've made from all the sites I use as well as income I've earned from tverywhere else besides my regular job(s) and/or business and my tax preparer puts the amount down as additional income.  Hope that helps. 

[springsgardner]

2011 was my first year earning online. I think Mturk reports to the IRS- and I made more than 2x that 600 limit you mentioned. I've earned what you see below here and a decent amount on swagbucks along with a teenytiny amount on iRazoo. I'm trying to figure out how to report all this honestly so I don't get audited later. Anyone know? I don't have another job, but my dh does.

I've always added up how much I've made from all the sites I use as well as income I've earned from tverywhere else besides my regular job(s) and/or business and my tax preparer puts the amount down as additional income.  Hope that helps. 

I was thinking about doing something like that. My bro is an accountant and said something about misc. income. Whatever it is, I have been keeping track so I would be prepared to pay my due taxes, if any. Thank you!

[dsawan]

just  check he IRS site. It goes under other income on 1040 if you make a certain amt over the min.

[lbryanwf]

This is a question I struggle with. I know it's up to me if I report or not ( that's if I don't get a 1099) I think the tax system is so unfair! I'm worried that I might not be morally up to par becaue I didn't report a lousy 60 bucks, whereas the rich corporations and the wealthy are finding loopholes to write off thousands!
It is something to think about. But knowing the type of person I am ( even though I'm struggling financially)  I wouldn't feel right if I didn't report it.

[txenakis]

Taxes are so confusing. I was under the impression that if you made under $600 from any on-line site that you did not need to pay taxes on it. It is not a combined total of $600 from all sites, but a limit of $600 each site. Once you go over the $600 then the on-line company is required to get your #SS and report the earning you made for that year. I do not feel it is being dishonest to make under the $600 and not report it, due to the fact that the rule was made for a reason. If you report the earnings then the company you received the money from is supposed to pay #SS taxes on you also. I believe that even if you were audited that it would not matter because they have to follow the $600 law also. Just my thoughts on the subject.

[maverick12]

You have to declare any income ...however small/large it is. The $600 limit is for the payee to have to report it to the IRS on a 1099.

[AMINAATCHA]

I really don't think you have to. They didn't make me fill out a W9 form so I'm not doing it.