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Topic: Do I have to pay taxes if I make $25 or $35 dollars every other month?  (Read 848 times)

apples45

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Hello, I have a question that I really want to know the answer to, I would like to know if I have to pay taxes on any and all online earnings such as FC cash and paypal gift cards Amazon gift cards etc? just for the record I'm a law abiding person and I don't want to do anything that will break the law or cause me trouble or headaches, so if I'm supposed to pay taxes for online earnings please tell me because I don't know much about certain tax laws

If the answer is yes how much money should I pay and where should my tax payment be sent can I pay IRS tax online will I have to pay taxes for old online earns of $25 or $35??? my goodness I hope I don't have to worrie I don't earn much online but the little I do earn helps me sigh!?
:confused1:


falcon9

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Hello, I have a question that I really want to know the answer to, I would like to know if I have to pay taxes on any and all online earnings such as FC cash and paypal gift cards Amazon gift cards etc? just for the record I'm a law abiding person and I don't want to do anything that will break the law or cause me trouble or headaches, so if I'm supposed to pay taxes for online earnings please tell me because I don't know much about certain tax laws

If the answer is yes how much money should I pay and where should my tax payment be sent can I pay IRS tax online will I have to pay taxes for old online earns of $25 or $35??? my goodness I hope I don't have to worrie I don't earn much online but the little I do earn helps me sigh!?
:confused1:

Actually we send a 1099-MISC ... only if you exceed $600 in earnings for a calendar year.

What this means is that, if you do have such misc. earnings, you should receive a form 1099-MISC for filing any appropriate taxes with the IRS.
One can lead a horse to water however, if one holds the horse's head under, that horse will drown.

             

longleggedgiraffe

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Technically you dont have to claim it if it falls under 600 dollars a year. I would check first but Im almost sure about that amount.

Screwedupclick4life337

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Yea I think 600 dollars is the amount you can't go over

jorhea

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Yes, up to $600 on each site you don't have to pay taxes on. If you are unsure, call a tax expert and ask. They normally don't charge anything if you call and ask a question. I would do that to put your mind at ease so you are not worrying for nothing.



pattersondebra

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I forgot about that. Would it be 600 per sight or 600 all together?

hlvhome

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That would be nice to worry about having to pay taxes, that you could make $600 in a year. Good goal maybe

jorhea

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I forgot about that. Would it be 600 per sight or 600 all together?
I think it would be 600 per site as each site is a different company.



falcon9

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Would it be 600 per sight or 600 all together?

I think it would be 600 per site as each site is a different company.

If you receive a form 1099-MISC from a company, they've reported paying this misc. earned income to you and the IRS, so there's a potential tax liability, (depending upon your individual taxation status/bracket).  Best to check with a tax service on the matter, if unsure.
One can lead a horse to water however, if one holds the horse's head under, that horse will drown.

             

ccandpam

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You would have to make six hundred dollars in a year in order to have to pay taxes. Don't worry about anything until you reach 600.00. They will send you a tax form when you reach this amount. :D

LovelyxOdd

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Anything over $599 you have to file a 1099 form. You are considered an independent contractor.

All that we see or seem, is but a dream within a dream.

ptfunds

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Great topic and something I had not thought about.  Good to know the $599 - $600 limit on earnings.  It does help to know these things as none of us want to get in a bad place with the IRS!  This is such a great venue for members posting questions or concerns that bring awareness to others in the forum.  I'm constantly amazed at how much I learn from just doing the forum.  I'm always reminded of how unique Fusion Cash is in the world of these types of sites.  Thanks again for your topic and have a great day!

dsawan

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can check the irs website and would tell you. Just do a search.

hicham1976

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it is a good question thank you for it  :) :) :) :) :) :)

drpybutt

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Not that I know of. This is not actually a job or contest that requires you to pay taxes

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