tylerc
13-01-2006 13:33:41
I'm curious about this-
Can eFax be used to send in a W-9 to FreePay? I've never sent in a W-9 and never really used eFax, so I'm wondering if this could be a way to do it.
d3athtonic
13-01-2006 15:08:19
[quote6a8f2c9d4e]I'm curious about this-
Can eFax be used to send in a W-9 to FreePay? I've never sent in a W-9 and never really used eFax, so I'm wondering if this could be a way to do it.[/quote6a8f2c9d4e]
What's a W-9 anyways? shock
dshap
13-01-2006 16:10:59
[quote326e1a1865="d3athtonic"][quote326e1a1865]I'm curious about this-
Can eFax be used to send in a W-9 to FreePay? I've never sent in a W-9 and never really used eFax, so I'm wondering if this could be a way to do it.[/quote326e1a1865]
What's a W-9 anyways? shock[/quote326e1a1865]
If you get a gift that's worth over a certain amount of money ($600 i think?) in the U.S. you have to report it as income. The W-9 form is to report to the government that you got a gift that is worth a lot to report it as income.
It's just a form
http//www.irs.gov/pub/irs-pdf/fw9.pdf
Kinda sucks that you have to reports gifts. What if you get something over $600 from a relative for Christmas? Would you have to report that?
d3athtonic
13-01-2006 16:32:53
[quotee3b4b0393d]If you get a gift that's worth over a certain amount of money ($600 i think?) in the U.S. you have to report it as income. The W-9 form is to report to the government that you got a gift that is worth a lot to report it as income.[/quotee3b4b0393d]
If I get two gifts (each worth $300+), I don't have to report it right? Does this only apply to citizens?
ilanbg
13-01-2006 16:36:38
[quotea52964a3ad="Psyc"]It's just a form
http//www.irs.gov/pub/irs-pdf/fw9.pdf
Kinda sucks that you have to reports gifts. What if you get something over $600 from a relative for Christmas? Would you have to report that?[/quotea52964a3ad]
Technically, yes.
But who the hell does that?
Also, wouldn't that be paying taxes twice? Once when it was purchased and the second time upon receiving it?
tylerc
13-01-2006 21:00:11
I am going to e-mail it, I thought my scanner wasn't working but it is.