FC Community
Discussion Boards => Off-Topic => Topic started by: cateyes1 on April 22, 2018, 07:41:01 am
-
1099 form, how do you avoid getting one? and if you cash out for an amazon GC will you get a 1099 for that?
-
Is that something new?
I cashed out another site recently for an electronic Amazon card, and had no issues with it.
:rose:
-
I think the rule if you earn more than 600 bucks from websites, you have to declare it, but don't take my word on that. I'm Canadian, so we don't fill out 1099.
-
I think the rule if you earn more than 600 bucks from websites, you have to declare it, but don't take my word on that. I'm Canadian, so we don't fill out 1099.
That is what I understand also, you get it for anything over $600.00 earned.
-
I'm not sure if gift cards count as income or not so can't answer that part. I think it's if you make less than 600 a year you should be safe?
-
I got two 1099's from survey sites this year ! YES 600.00 money and or gift cards both count . If your getting close to 600.00 at the end of the year hold off cashing out till the next year. Remember your internet connection is a expense then if your getting that 1099 so if the net costs you 60.00 a month or 720.00 a year it wipes that 600.00 out Tax people can help with that.
Also the survey site has to get you're SS number to send you a 1099 . Some thing they ask for when you're close to 600.00
I want to point out it's 600.00 per survey site NOT all combined. So you could have 10 sites doing 400.00 each and not have a 1099 . If you wanted to not get the 1099 spread your self out on sites and your earnings.
-
I got two 1099's from survey sites this year ! YES 600.00 money and or gift cards both count . If your getting close to 600.00 at the end of the year hold off cashing out till the next year. Remember your internet connection is a expense then if your getting that 1099 so if the net costs you 60.00 a month or 720.00 a year it wipes that 600.00 out Tax people can help with that.
Also the survey site has to get you're SS number to send you a 1099 . Some thing they ask for when you're close to 600.00
You go girl............... :thumbsup: 8)
-
wish I could make 600.00 a year from a survey site that would be great well maybe 599 so I don't get the 1099 form.
-
Wow, that is work lol.
-
Not a dumb question - only dumb one is one not asked!
I believe you receive a 1099 only if you earn more than $600 in calendar year on the site (I don't even come close to that!)
-
Like others have said it takes 600.00 to get 1099
-
Not a dumb question - only dumb one is one not asked!
I believe you receive a 1099 only if you earn more than $600 in calendar year on the site (I don't even come close to that!)
Aww thank you for saying that it really makes me feel ...well less dumb lol
-
You have to make a certain amount a year. The first year I started doing surveys I got close to hitting the $600 on one of my accounts so I focused on my other sites.
-
I think i heard that paypal doesn't count as it relates to the 600$ a year thing. Is that true?
-
You can't avoid it.
-
I had same issue when I hit the 600 mark on another site%. They automatically send form for taxes
-
I'm glad I peaked in this posting as I too had heard $600 per site. I've never come close to earning that much from one site alone. But I can see it how it's possible and how some have done it. Recently I was just in another site and someone was cashing out $300. Don't know how long it took them to get there but I suppose $$$ like that will add up quickly to a 1099.
-
I got two 1099's from survey sites this year ! YES 600.00 money and or gift cards both count . If your getting close to 600.00 at the end of the year hold off cashing out till the next year. Remember your internet connection is a expense then if your getting that 1099 so if the net costs you 60.00 a month or 720.00 a year it wipes that 600.00 out Tax people can help with that.
Also the survey site has to get you're SS number to send you a 1099 . Some thing they ask for when you're close to 600.00
You go girl............... :thumbsup: 8)
Wouldn't you just love to have about 10 recruits just like me or you !! ??? ???
-
Keep your annual earnings under $600 and you will not get a form. I let my earnings creep up to $700 or so one year and it ended up costing me about $200 in taxes!! It would have been better for me to just let my earnings expire and cash out the first part of January. I won't make that mistake again.
-
I'm glad I peaked in this posting as I too had heard $600 per site. I've never come close to earning that much from one site alone. But I can see it how it's possible and how some have done it. Recently I was just in another site and someone was cashing out $300. Don't know how long it took them to get there but I suppose $$$ like that will add up quickly to a 1099.
Inboxdollars asks for your information when you get to the $300 threshold, but they do not send you a form unless you are over $600. I cashed out around $450 with them this year and they withheld a payment when I hit $300 until I sent them a W9.
-
No never heard of it.
-
there is no dumb question. If you reach to $600 per year then you'll need to fill out the tax form
-
I never thought about that. Hmm...
-
Remember your internet connection is a expense then
I didnt know that, thanks for posting that
-
1099 form, how do you avoid getting one? and if you cash out for an amazon GC will you get a 1099 for that?
If you don't want to get a 1099 then you have to keep your earnings under $600. It does not matter how you are paid. If it is Amazon Codes or Cash or whatever. It is still money you earn. If you get close to $600 then focus on other sites. Keep a running total on how much you earn on each site. When you get to $500 slow down so you can still stay active in the site until January then cash out again. But what ever you cash out in Dec will not pay til January.
-
Wish I could find a way to make $600 a year on a site lol
-
You only get a 1099 (it is my understanding) if you make more than $600.00 from one site. I have personally never gotten one from an online site. Now I worked as an independent contractor doing bookkeeping and made more than $600 for the year and got a 1099. If you make enough money there is no way to avoid it except keep track of your earnings and stay under that amount. And I am not "up to date" on all this because I am retired so I answered to the best of my knowledge.
-
I'm not sure how much you have to make but I have never gotten one.
-
It's not a dumb ?, if you don't know, then you ask it.
-
You should get a 1099 if you make $600+ in one calendar year.
-
I haven't come close so not to worry for me
-
Wow, good on you guys to make enough money on here that you have to worry about a 1099, lol.