SIGNED MY TAX FORM LAST NIGHT and CASHOUT

[donnarg1989]

Last night i signed my tax form and cashout.  I feel very good about paying my tax on money i made here on FusionCash. Yes FC!

[bob1tina]

I don't know what you mean by filling your tax forms, You have to make so much a year on this website inorder to pay taxes on the money you earn.  Or did you mean your personal taxes?   Well I was two bucks shy of cashing out but that just makes this month money more so I would rather have a bigger check anyways, my goal was to cash out every month and than after I was able to do that than I want to set a goal to make more each month.

[donnarg1989]

I don't know what you mean by filling your tax forms, You have to make so much a year on this website inorder to pay taxes on the money you earn.  Or did you mean your personal taxes?   Well I was two bucks shy of cashing out but that just makes this month money more so I would rather have a bigger check anyways, my goal was to cash out every month and than after I was able to do that than I want to set a goal to make more each month.

What i mean, is that i will be receiving the form i need to file my tax from FUSIONCASH because i made more than $600. In fact my total is $700 and change. So before i could CASHOUT last night i had to provide my tax id on the form that pop up, and then CASHED OUT.

[teenangel]

I like that idea in paying taxes. I even like the idea of making 700 hundred dollars but I would know how your did it.

[rainman306]

If you make over $600 from any GPT/survey site/PTC site/etc doing online internet work you will need to fill out a tax form which will be sent to you in some way from the company/GPT site.  I did this for an intrnet site years ago, and I have been in the $500 range on Inbox Dollars since summer so I stopped on that site and am spending more time on Fusion Cash in recent months.

[berthabutt]

isn't this tax form for when you earn $600 or more at a certain site in a calender year?  And not $600 in a lifetime?

[surveygrabber]

This year I only made $571.44. So I will not be cashing out again this year otherwise I'm going to go way over $600. So I'm cashing out in January.

[ErinCarter]

Nice to know. I was wondering about taxes. Thanks for the thread!

[appy9104]

Good information to know! I am inspired by everyones large cashouts!

[ladavia89]

Making over $700 in a year online is not really a bad problem to have

[rainman306]

Yes, it's a calendar year and not just lifetime.  if your on multiple GPT sites it may be best to foucus attention from one to another if your around $600 unless you can go way over $600 in a calenar year.

[natashaspy]

i know i'm nowhere near the 600 range, since i usually only cash out for around 30-40 dollars, sometimes less.  was wondering how you found out how much you make each year though?

[krissi26]

Congratulations!  So far I haven't earned enough in a calendar year to have to worry about tax forms but I didn't really start concentrating on this site until June.  I think I'll make that my goal for next year...to make enough money on here that I have to pay taxes on it!

[Administrator]

I am not a lawyer and this is not intended to be advice.  But it's generally true that all income, regardless of amount, and regardless of source, must be reported on your income tax return.  This means $15 from a garage sale or $25 from FC.  The $600 threshold is simply when we (FC) are required to collect your tax ID and report your earnings to the IRS.  Your obligation to report income (with very rare exceptions) applies to any and all income you receive.

[cneimsn]

Good to know and thanks for the info.  I was wondering about that.