do you file taxes for getting paid on surveys like this?

[penguinito]

im new here and i see alot of the payments and there are deductions so im guessing they're taxing it so is it tax deductions or something else.

[falcon9]

im new here and i see alot of the payments and there are deductions so im guessing they're taxing it so is it tax deductions or something else.

No, those aren't deductions related to taxes; they're revoked, (by the providers, not FC), payments on completed offers.  Generally, taxes are paid on such misc. income of over $600, (tax payers will receive a form for misc. income reported).  It's best to check with a tax consultant as individual tax situations will vary.

[mshappy]

This information is always good to know about tax's.

[penguinito]

oh got it thank u falcon9 for all th info.

[falcon9]

oh got it thank u falcon9 for all th info.

Da nada.

[Kay0338]

Good question. I had never thought about taxes.

[patapon555]

I don't. I don't feel like I should nor I should have to.

[darkmwh]

i'm not too sure

[ebrunt]

Basically if you make over $600 in a year from something like this, you have to report it. I know some working at home sites like ChaCha require you to fill out the forms if you earn over that amount with them. But I think with stuff like this, it's at your discretion -- obviously they want you to report it, but I don't think it's as controlled.

[ladavia89]

Once you make over $600 from any indivual site you have to report it. I chose to use several sites so I don't make too much per year on any given one

[swogden]

If you cash out more than $600 in a calendar year in FC, they will send you and the IRS a 1099 reporting the income.

When you make a cash out request that will take you over $600 in a given calendar year, FC will request that you provided them with your tax reporting number (SS# for most people) before they approve the cashout.

Suggest you postpone any payment that will take you over $600 until the new calendar year.

If you expect to consistently earn large amounts of income from all your PTC/GPT sites, you should look into reporting the income as a separate business.  This allows you to deduct expenses, but the reporting process is a bit complex so do some research before you make this step.

[AMBERTAYLOR31]

well i will be cutting it very close to the $600 mark this year.  i haven't added up what i've made this year, but i know that it is very close to that amount.

[drpybutt]

I have yet to have taxes taken out of this. they have not sent me any tax forms either

[cwortman544]

im new here and i see alot of the payments and there are deductions so im guessing they're taxing it so is it tax deductions or something else.

Usually if there are deductions they will let you know in email about which offer revoked payment and speaking of which I had one this past month.  I do really wonder if they actually still take the information we gave and then just get away with using it without having to pay someone for it.  What would prevent companies from not doing that?  Telling us all after it is all said and done that all of our payments are revoked for completing their surveys and yet they could still use the  information and just have it for free instead of paying for it.

[lmavans]

Thanks for the info I was wondering how that worked. You guys are the greatest for info, thankyou!!!!!!