Suspicious Activity?

[FarleyGuy]

I got an e-mail saying I need to fax an ID card or form of ID to you guys because my account has suspicious activity on it.  I don't see what I could have been doing suspicious considering I only get on at home.  Please help?

Plus where can I even go to fax something?

[Administrator]

FedexKinkos, Mail Boxes ETC, that sort of store...

The ID request is an occasional requirement if your account gets flagged by the system.  We're sorry for the inconvenience.

[FarleyGuy]

Thanks, so do I just put the ID in the blank box on the cover sheet?

[ducky74]

whats can make your acct get flagged?

[amy11077]

Interesting.  Not sure I'd feel right sending my ID to anyone. confused

[gafee2001]

Sometimes they require it when a member makes a crapload of money.

There was one guy who makde $6000 in his first cashout since he was referring so many people. So, they required him to send an ID, and even to fill out tax documents. If you make more than 600 in a year, they ask for tax documnets.

[Administrator]

The point is to establish trust and perform our due diligence.  We're not trying to avoid paying anyone. 

To answer your question, yes, just put the ID in that box.

[SparkleMonkey]

Hi, I'm a Certified Tax Preparer - USA Residents should receive a 1099 for each revenue source where earnings meet or exceed $600 for the tax year.

All revenue sources are considered income. However, each individual revenue source will only be required to prepare and send you a 1099 if your income (with them) exceeds $600 in one tax year.

This also means that each member of FusionCash who's earnings meet or exceed $600 will need to receive a 1099 for that year.

Hope this helps :-)   

[FarleyGuy]

I will most likely be faxing it in the next day or two. Thanks for the help.

[FarleyGuy]

Ok, I sent it today. How long does the verification take?

[Administrator]

Hi, I'm a Certified Tax Preparer - USA Residents should receive a 1099 for each revenue source where earnings meet or exceed $600 for the tax year.

All revenue sources are considered income. However, each individual revenue source will only be required to prepare and send you a 1099 if your income (with them) exceeds $600 in one tax year.

This also means that each member of FusionCash who's earnings meet or exceed $600 will need to receive a 1099 for that year.

Hope this helps :-)   

Yep, we distribute 1099-MISC forms to all FusionCash members receiving $600 or more in a calendar year.

While I'm not an accountant or lawyer and this is not legal or tax advice, I'm also pretty sure that you are required to report all income you receive, including amounts less than $600, from sites like FusionCash.

[FarleyGuy]

Ok, it went through. That was easy enough.

[FarleyGuy]

I got a message saying I had the old form.  I sent in the new form.  Hopefully this fixes the problem.