Tax for freepay's items?
Hi... I have a question....
Do you have to pay tax for freepay's items? Will then send you a W-2 form for the items you received? If they will, which item will you have to file tax on?
Please help... Thank you!
If it's over $600, you have to fill out a W-9.
do you know which one is over $600 in the list below
[quotee2f3d8becb="pochacco"]do you know which one is over $600 in the list below
i know that the 360 and the minimac are both under $600, im not sure about the ps3....shouldnt go over $600 though.....and it depends what kind of pc and laptop you choose to recieve....
Laptop definitely, all of those are about $1000.
Yeah. It depends on the items you receive. The Acer Aspire laptop though doesn't need a W-9 form because the laptop supplier for Freepay is running a promotion that has reduced the price of the laptop slightly to below the $600 mark. So, they will not need the W-9 forms from you.
... and what would happen if u dont fill one out?
You don't get your gift, however, it's VERY easy to fill out the form.
The government can't tax what it doesn't know about.
[quote5a6a4db932="Flip21"]The government can't tax what it doesn't know about.[/quote5a6a4db932]
whats that mean ?
so you have to fill it out before receiving the gift rite?
Any "gift" received from any of these sites is considered income and is taxable.
[quote042311d7d5="Flip21"]The government can't tax what it doesn't know about.[/quote042311d7d5]
No one gets the gift until they fill out the form.
Does anyone know if Freepay, and others will be sending out 1099's for those who had to complete a W-9. I know the reason's behind the tax form and all, I am curious as to whether we will receive these. I am under the impression that the gov't. requires companies to issue 1099's if they report gifts with a W-9? Anybody know anymore? TIA...
o.k.... thanks for all the response..... I guess I have to consider before getting the laptops eh? )
seems kinda ridiculous to pay tax on them. but hey, if that is what it means to get the free stuff, i guess we'll have to do it wink
Would you rather pay $600 dollars out of your own pocket to get the gift yourself or pay a little bit of tax on it and get it =p. I like the tax thing )
Okay, but what about the Compaq? Tax on that?
And does anyone know how long the laptops on pcs.freepay have been on there? Because it says "Limited offer" and I'm afraid by the time i get my referrals there wont be any laptops.
Nevermind for now, I just found a thread saying that pcs.freepay is to be updated in a few days.
[quote2d0485f7a3="pochacco"]do you know which one is over $600 in the list below
if you got all of those woldn't that be well over $600?
Tax is different for each FreePay site (those are all below $600 dollars so no W-9 form is asked from you)
On Laptop it depends on which one you get , on PC's there's no W-9 Requirement..?
No, on laptops.freepay you have to fill a W-9 out for all of them.
Well from reading in past thread didn't they say if you picked the Compaq because of some supposed promotion they were not going to need your W-9 because the cost was less than $600?
That's PCs.FreePay, I was talking about Laptops.FreePay.
Oh sorry.. I mixed them up, laptops and laptops.. get's a bit confusing.
Well, I decided to go for the laptops.freepay anywayz.... I guess I can use my student education tax credit so I don't think I'd have to pay much tax for the laptop... so oh well.... 20 refs here I come ) thanks all for the replies...
Does FreePay send you the form? How much does it cost?
FreePay sends you the form, I just filled it out, scanned it, and e-mailed it back to them, but you can also fax it or snail mail.
[quoteaaa4b0b165="PokerNerdAA"]seems kinda ridiculous to pay tax on them. but hey, if that is what it means to get the free stuff, i guess we'll have to do it wink[/quoteaaa4b0b165]
Do you have to fill out the tax form if you're not a US citizen?