Making over $600, filling out a W-9

So, i read you have to fill out a W-9 form if you'r earnings are higher then $600.

My question is, exactly how much money is taken out?

Let's say i was aiming to complete a site for $1,000, how much would get taken out?

It depends on your income tax bracket.

It doesn't work like that.

The W9 is for tax purposes only, so if you receive $1,000 from a freebie site tomorrow, if you get it through Paypal, you'll get $1,000 minus whatever fees Paypal take. But you'll only get it if you file the W9.

Then, next year probably in the middle of January, you'll have to report everything on your tax return (Form 1099-MISC) over $600 you received this year. How much you'll pay on your freebie earnings depends on which tax bracket you fall into, based on your income.

Oh and it wouldn't be taken out. You will have to claim it on your income taxes for 2007 and then pay it.

If you make less than $5150 in totalk wages (assuming you are single) then you wont' have to pay anything. And then depending on your income it changes.

Single
from 0-7,550 it's 10%
-30,650 it's $755 +15% of the amount over $7550
-74200 its' 4220 + 25% of the amount over 30,650

it goes on but I dont fell like typing the rest. And if you are 20 and make over 74,200 and are single I dont' think you should really care. Pay somebody to do your taxes.

[quote70996e7cf6="theysayjump"]It doesn't work like that.

The W9 is for tax purposes only, so if you receive $1,000 from a freebie site tomorrow, if you get it through Paypal, you'll get $1,000 minus whatever fees Paypal take. But you'll only get it if you file the W9.

Then, next year probably in the middle of January, you'll have to report everything on your tax return (Form 1099-MISC) over $600 you received this year. How much you'll pay on your freebie earnings depends on which tax bracket you fall into, based on your income.[/quote70996e7cf6]

Right I was trying to say that too. But I can't type fast enough. And I had to get my tax code out and look up some numbers.

But what if i've never had a job?

Like, i've always have been getting money for working off the books. But since im ganna start getting legit income, can there be a determend amount of taxes i'd have to pay?

Im guessing i wont even have to worry about it at all.

If you make less than $5,150 then you wont' have to pay anything.

answer me this -- what if you win $1000 n have the network send 4 payments of $250?

I highly doubt any network will do that, just because of the fact you are trying to beat the IRS.

[quoteb8149921af="godsavethequeen40"]answer me this -- what if you win $1000 n have the network send 4 payments of $250?[/quoteb8149921af]

Except with trainn that somehow gets past that it doesn't matter. You will still have to pay taxes on it.

[quote4f7e6c8a03="godsavethequeen40"]answer me this -- what if you win $1000 n have the network send 4 payments of $250?[/quote4f7e6c8a03]

Same entity + More than $600 in a calendar year = W9

[quote29c24da3b0="theysayjump"][quote29c24da3b0="godsavethequeen40"]answer me this -- what if you win $1000 n have the network send 4 payments of $250?[/quote29c24da3b0]

Same entity + More than $600 in a calendar year = W9[/quote29c24da3b0]
Bingo. It's based on the cumulative amount for the entire tax year, the amount of individual payments doesn't matter. That's why some freebie networks require a W9 for even the smallest gifts, because you could go on and complete other sites in the network, and the $600 total threshold could be reached over time. That way they don't have to keep up with the total of each customer and watch for them to hit $600 -- they just make you do the W9 up front so they have it.

And by the way, just to clarify in case any of you are wondering assuming you have enough income to require filing a tax return, you are legally required to declare all freebie earnings, regardless of the value, regardless of whether you completed a W9, and regardless of whether you received a 1099-MISC at tax time. The $600 threshold just determines that the payer is required to have a W9 on file and to document the amount to file a 1099. I'm just sayin'.... ;)

Thank god i'm australian, my tax doesnt matter for some wierd reason, although i have to sign a w8 form, i've never been taxed ), hopefully one day i'm not in jail because of it lol

[quotea21d7627ce="stueybaby17"]If you make less than $5,150 then you wont' have to pay anything.[/quotea21d7627ce]
Then why did I have to pay $150 in taxes to the IRS?

I paid about $50 on $1500 of freebies.

[quoteee01290c98="TFOAF"][quoteee01290c98="stueybaby17"]If you make less than $5,150 then you wont' have to pay anything.[/quoteee01290c98]
Then why did I have to pay $150 in taxes to the IRS?[/quoteee01290c98]

What was the income from? If it was from a job they take it automatically and when you file your taxes you get a refund.

[quotea17b4fcdad="stueybaby17"][quotea17b4fcdad="TFOAF"][quotea17b4fcdad="stueybaby17"]If you make less than $5,150 then you wont' have to pay anything.[/quotea17b4fcdad]
Then why did I have to pay $150 in taxes to the IRS?[/quotea17b4fcdad]

What was the income from? If it was from a job they take it automatically and when you file your taxes you get a refund.[/quotea17b4fcdad]
$150 for freebies and my summer job which I made $1000. I made like $3000+ total. Definitely not even close to $5,000. O_O

Did you file your taxes for a refund? Because the standard deduction of 2006 is $5,150 so you should only have to pay taxes on income over that amount. The money from your job is usually taken out from your paycheck but if you did not file your taxes you won't get that money back.

I know that I paid in like around $520 for making $5,186 and had some interrest income. And I got back $496 when I filed my taxes.

[quote4a531305da="TFOAF"][quote4a531305da="stueybaby17"][quote4a531305da="TFOAF"][quote4a531305da="stueybaby17"]If you make less than $5,150 then you wont' have to pay anything.[/quote4a531305da]
Then why did I have to pay $150 in taxes to the IRS?[/quote4a531305da]

What was the income from? If it was from a job they take it automatically and when you file your taxes you get a refund.[/quote4a531305da]
$150 for freebies and my summer job which I made $1000. I made like $3000+ total. Definitely not even close to $5,000. O_O[/quote4a531305da]

Oh and also are you sure it wasn't state tax? Because I dont' think that has a minimum amount.

Anything under $600 is considered casual labor and the government wont bother an employer. But if they pay you more than that, you have to fill out the for for tax reasons. Its like getting a job. But as stated above, its up to you to claim it on a 1099 next year.

Well, The $150 is what I owe, because they won't give me a refund because of the freebie earnings which I have to pay taxes on...so it evens itself out, but no refund. But I had to pay taxes on the freebie stuff too. At least that's what our accountant said, because on the W2 it was listed as "Other Income."

[quote4860377c21="TFOAF"]Well, The $150 is what I owe, because they won't give me a refund because of the freebie earnings which I have to pay taxes on...so it evens itself out, but no refund. But I had to pay taxes on the freebie stuff too. At least that's what our accountant said, because on the W2 it was listed as "Other Income."[/quote4860377c21]


That is wrong the standard deduction is $5150 and it is a from AGI deduction. So if you made only around 3000 so

$3000- 5250 = no tax due

you should get a refund of any taxes that you already paid in.

A dollar bill is taxed so much, the minute it leaves your hand. Seems like it wouldnt be worth anything after a few hand changes.

[quote4bfd2cde84="TFOAF"]Well, The $150 is what I owe, because they won't give me a refund because of the freebie earnings which I have to pay taxes on...so it evens itself out, but no refund. But I had to pay taxes on the freebie stuff too. At least that's what our accountant said, because on the W2 it was listed as "Other Income."[/quote4bfd2cde84]

Nice! I just saved you $150 and later I'll probably be getting you some cash!

+karma 8)

so what happens if this is the only income that you make for 2007? not to sure how taxes work ?

arite so ...maybe im slow and someone posted this answer already, but what if i send in the w9 for my 600 bux... does gov start looking at all my earning... or just starting from that initial 600 bux... and as long as im under 500ish... i dont have to pay anything?

AND... say i quit freebies next year.... will they still send me income tax forms... or can i just say... i have no income anymore

http//forum.freeipodguide.com/smilies_mod/upload/d2b60264aef3a060306fd23b584a85a5.gif[" alt=""/imged182e3dbc]

arite lets just put it another way... im HIGHLY worried about giving out my personal information to people i know... i really wish their was a better way to go through this tax thing without having to send out your social security number and all the personal information.. i mean come on with all the identity theft nowadays... id drop dead before id feel comfortable sending out my information to someone on the other side of a compter who i dont know from adam.

i mean... IS there another way ti bypass the personal information to the middle man (freebie owner) and contact IRS directly myself?

Site owners know more about you, than you think they do.

this is true... BUT bet my life they dont know my SS# like ya'll who've sent out ur numbers... i mean lets b realistic everyone... with all that personal information going around SS# being foremost important... even 10 years from now... u cud be losing MASS money... way more multiples than wut u makin freebies

big time Credit card fraud starts out with the SS#

[quote232165be9a="chrome89k"]this is true... BUT bet my life they dont know my SS# like ya'll who've sent out ur numbers... i mean lets b realistic everyone... with all that personal information going around SS# being foremost important... even 10 years from now... u cud be losing MASS money... way more multiples than wut u makin freebies

big time Credit card fraud starts out with the SS#[/quote232165be9a]

You sound like my mom!




No offense. But you do sound exactly like her.

Companies like NuiTech and YFDirect and i-Deal are multi-million dollar, HUGE companies. What would they have to gain by stealing your identity?

yes thats true, but your also forgetting the other companies out there... the smaller branches that are up and coming.. come on you cant seriously use the few sites that r HUGE... in comparison to the MANY sites that are quite the contrary

[quote3ef309f23c="stueybaby17"][quote3ef309f23c="chrome89k"]this is true... BUT bet my life they dont know my SS# like ya'll who've sent out ur numbers... i mean lets b realistic everyone... with all that personal information going around SS# being foremost important... even 10 years from now... u cud be losing MASS money... way more multiples than wut u makin freebies

big time Credit card fraud starts out with the SS#[/quote3ef309f23c]

You sound like my mom!




No offense. But you do sound exactly like her.[/quote3ef309f23c]

that might be true... but its safe... just think about it...

TSJ, can I borrow your smiley? ?

Okay, we'll say it one more time

[ba9ff68df5d]IF YOU WANT TO CONDUCT BUSINESS THAT HAS TAX IMPLICATIONS, YOU MUST BE PREPARED TO SUBMIT PERSONAL TAXPAYER IDENTIFICATION, TO INCLUDE SSN.[/ba9ff68df5d]

This is true across the board, with all businesses. It's the law. No there is no way around it, no you cannot "deal" with the IRS "directly." You either submit the paperwork or you cease conducting business that generates income or has other tax implications. If you feel you cannot trust a business enough to submit that information, then you should not seek to establish the business relationship in the first place.

BUT... wut if there is some sort of scammer out there... where do they get their qualifications from... and from what i know... any joe shmo can create a site.. correct?

[quotef83dec4ac4="chrome89k"]BUT... wut if there is some sort of scammer out there... where do they get their qualifications from... and from what i know... any joe shmo can create a site.. correct?[/quotef83dec4ac4]

Yup. . . like dmorris says you just have to be prepared to do it or not complete the site. You have to take a chance and trust people.

im glad some people r trusting... i for one am not when it comes to this kinda thing... but thanks everyone

[quote9c8f0b4d7b="chrome89k"]im glad some people r trusting... i for one am not when it comes to this kinda thing... but thanks everyone[/quote9c8f0b4d7b]
Then you have a lot to learn about real life and the business world. Try applying for a cellphone. Credit card. Apartment. Insurance. Job. Financial aid. Welfare. Cable/Satellite TV. Utilities of any kind (electric, gas, water).

All of the aforementioned business employ minimum wage (or nearly so) clerical staff who WILL require your personal information to include your SSN. How can you trust them? The waiter at the restaurant who takes your credit card out of sight to process the payment, has unrestricted access to your CC#, expiration date, and CVC. The truth is, you have no choice but to trust them if you wish to do business with them.

Yes, identity theft is a real concern, and so you should take prudent steps to safeguard your information. However, you must also realize that businesses have a legitimate right, and are authorized by law, to collect that information from you if you wish to conduct business with them. You cannot function in our society while conducting anything beyond a cash & carry sale, and living without any pay services or public assistance or business relationships, without giving up this info. Plain and simple.

So by all means be prudent and careful with your info, and people should certainly think twice before blindly jumping into a freebie site that just opened 12 hours ago by a 16yo who was a newbie to trading just last month. But stop being paranoid if you intend to continue the freebie biz. There are people that are overly paranoid about their CC info, and will never shop online. If you're that paranoid about providing legal and official tax documentation -- that the site BY LAW has to collect from you -- then likewise you shouldn't be completing their sites and expecting payout from them.

That's why you don't deal with the sites that you think may be scamming.

I have sent a W-9 containing my SSN# to NuiTech, i-Deal, FreePay, and YFDirect. No problems so far, and it's been well over a year since I sent in my first W-9.

[quotebab2db8f26="dmorris68"][quotebab2db8f26="chrome89k"]im glad some people r trusting... i for one am not when it comes to this kinda thing... but thanks everyone[/quotebab2db8f26]
Then you have a lot to learn about real life and the business world. Try applying for a cellphone. Credit card. Apartment. Insurance. Job. Financial aid. Welfare. Cable/Satellite TV. Utilities of any kind (electric, gas, water).

All of the aforementioned business employ minimum wage (or nearly so) clerical staff who WILL require your personal information to include your SSN. How can you trust them? The waiter at the restaurant who takes your credit card out of sight to process the payment, has unrestricted access to your CC#, expiration date, and CVC. The truth is, you have no choice but to trust them if you wish to do business with them.

Yes, identity theft is a real concern, and so you should take prudent steps to safeguard your information. However, you must also realize that businesses have a legitimate right, and are authorized by law, to collect that information from you if you wish to conduct business with them. You cannot function in our society while conducting anything beyond a cash & carry sale, and living without any pay services or public assistance or business relationships, without giving up this info. Plain and simple.

So by all means be prudent and careful with your info, and people should certainly think twice before blindly jumping into a freebie site that just opened 12 hours ago by a 16yo who was a newbie to trading just last month. But stop being paranoid if you intend to continue the freebie biz. There are people that are overly paranoid about their CC info, and will never shop online. If you're that paranoid about providing legal and official tax documentation -- that the site BY LAW has to collect from you -- then likewise you shouldn't be completing their sites and expecting payout from them.[/quotebab2db8f26]


Nice Job Dmorris! I totally agree with you. I get this shit from my mom all the time. And I agree but it's not a great thing for you to just post your SS# everywhere but there is a risk with everything and sure some people are out to get you but most people aren't. If you dont' trust some of the site owners then dont' do any offers from that site. Or ask if you can get $599 from them instead.

I do Volunteer Income Tax Assistance and I could easily get a ton of SS# if I wanted to. Along with name, address, phone number, job, and salary. And I'm doing it for free, but that doesnt' mean that I'm gonna do that.

chrome-I just noticed you are 17. They would have nothing to gain by stealing your identity.

But, people can save this information for when i get older and have more under my name such as a CC, property, etc.

dmorris i agree to the fullest extent with what you are saying... thanks for the viewpoint

You are a little too paranoid.

not necessarily paranoid... but extremely cautious with all of the things going on nowadays with ID theft online...

tell me you wouldnt rather give your information you are physically seeing in front of you for a job, rather than ANYONE online...

i'm just not ready yet to submit that information to someone i cant see...

and for me blindly and quickly jumping into something like that kind of information is stupid... thanks for calling me paranoid... your only 18 yourself... so age here really doesnt mean anything

[quote8afd0bc261="chrome89k"]not necessarily paranoid... but extremely cautious with all of the things going on nowadays with ID theft online...

tell me you wouldnt rather give your information you are physically seeing in front of you for a job, rather than ANYONE online...

i'm just not ready yet to submit that information to someone i cant see...

and for me blindly and quickly jumping into something like that kind of information is stupid... thanks for calling me paranoid... your only 18 yourself... so age here really doesnt mean anything[/quote8afd0bc261]

Well I have to agree with you that they would be able to hold your information for a year till you turned 18. But for right now age does make a difference. Because you are more likely to be a victom if your information is found now than for somebody to save it for a year. And you can't really be a victom when your under 18. You can't get a CC, or a loan before your 18. So w/o being able to enter into binding contracts nobody can do anything really.

And yeah I would rather give out my info to somebody in person but the fact is that the risks are still there.

But take a look at it this way. You give that info to a person and they type it into their computer and the next day that computer is stolen! Oops! There goes your information that way. My dad had to give all his information to his employer, about a week later he gets a letter in the mail that said the company that deals with all their employee data had the computers stolen containing all his and hundreds of thousands of other peoples information.

It's a risk that you have to take.

this is true... its so funny while i was typing this i saw something on the news just now about ID theft with Marshalls and TJ MAxx... True, some risks may need to be taken... but the severity of the risk also needs to come into play... obviously dealing with someone in person makes a difference than someone on a computer miles away.... AND yes computers getting stolen, personal info being released that way IS possible... but dont you think ID theft online is MULTIPLE TIMES more prevalent than computers getting stolen?

Yes, and I agree you have to be careful. But you have to trust some people, and If you dont' don't do the sites. If it is a brand new network then don't give out your information. If a lot of other people have done it and it is a reliable network then look into it and either take the risk, or not. It's your decision.

This is true... basically the site that brought this about was an incident with the new network hotgifts4you.com

I know the owner quite well now... been since november i started talking to him about freebies. His site, in my opinion is awesome, credits well, pays well, unique gifts, etc.

Because he has a new site, and so forth, i am a bit leary... of course if it were with some corporation like trainn, id have no problem... but because hotgifts is privately owned and just started.. im worried

i was initially under the impression that the 600 limit was to each site... i had no idea that it was networks as a whole, because i know some networks actually follow a 600 per site rule, not 600 per network... how they do that i have no idea... but if i would have clarified that the rule for hotgifts was 600 for his entire netowork... i definitely would not have invested in 15 referrals at 20 ish bux a pop. So im kinda in a pickle... Parthman is an awesome guy, helped me tons, showed me around initially, spent so much time helping me out. But the whole thing about sending personal information kinda creeps me out a little.

idk... wut would you guys do in my situation?

Parth has an outstanding TR here. Not the highest post count but he is not a newbie. But he still hasnt' been here too long.

I've never done a hotgifts site and dont' know much about it or how long it's been around.

It's a tough situation here. I think since I already had my refs that I'd probably go for it. But I'm not as worried about people stealing my identity as you are though.

How much have you made on the network, not including this site and how much are those refs worth?

15-20 bux a ref... i got 16 of them in a week and a half... 40/ref payouts... i mean... idk... to be safe for 600 bux? or... go for the 600... and take that risk...

BUT the only reason i would send it in is if i wasnt going to be making over 5k this year... if i end up making over 5k ... the government starts taking out my money.... so im thinking... the year just started... and im definately going to be making well over 5k this year with freebies and ebay, etc... so by sending this in... i have to fork out money... so im leaning towards the not gunna do it side... and just chalk this up as learning experience...

a 600 dollar learning experience though... which is going to be a thorn in my paw for a while... until i redeem my money elsewhere...

[quoteb1078e6bc7="chrome89k"]15-20 bux a ref... i got 16 of them in a week and a half... 40/ref payouts... i mean... idk... to be safe for 600 bux? or... go for the 600... and take that risk...

BUT the only reason i would send it in is if i wasnt going to be making over 5k this year... if i end up making over 5k ... the government starts taking out my money.... so im thinking... the year just started... and im definately going to be making well over 5k this year with freebies and ebay, etc... so by sending this in... i have to fork out money... so im leaning towards the not gunna do it side... and just chalk this up as learning experience...

a 600 dollar learning experience though... which is going to be a thorn in my paw for a while... until i redeem my money elsewhere...[/quoteb1078e6bc7]

well ask if they can send me the money and I'll give my SS# and I'll split it with you. roll

I doubt they will do that but it will help you out and me. . . as long as nobody steals my identity. I'm willing to take the risk.

Oh and I also learned that taxes are messed up with freebies. Because you dont' get a w-2 and that the earnings are considered other income so if you are claimed as a dependent (or can be which you can) then you cannot take the $5150 as a standard deduction. So your best bet would be to keep all your paypal recipts and recipts for doing offers and mailing stuff back and then itimize your deductions.


sorry I can't spell.

im pm'ing you dude

[quote95077f7899="stueybaby17"]Oh and I also learned that taxes are messed up with freebies. Because you dont' get a w-2 and that the earnings are considered other income so if you are claimed as a dependent (or can be which you can) then you cannot take the $5150 as a standard deduction. So your best bet would be to keep all your paypal recipts and recipts for doing offers and mailing stuff back and then itmize your deductions.[/quote95077f7899]
I'm not sure to what you're referring, but maybe it's how you wrote it (or I'm interpreting it).

First, you don't get a W2 because it isn't wage income, however you DO get a 1099-MISC.

Dependent status with regards to the standard deduction has nothing to do with freebie income (or any other type of income). Either you or your parents can claim your deduction, but not both. That's the case whether you have income or not. Perhaps you were just pointing out that if his parents claim him and he cannot take the standard deduction, then he WILL have to pay taxes? That's a likely conclusion.

I do not recommend trying to itemize your freebie costs, particularly if you're not experienced in tax filing anyway. The tax law around hobby expenses (which is what this would be considered, as it's certainly not a job) is quite complicated and has a lot of restrictions. The burden on the taxpayer is quite high, same as with home office deductions. And if you don't have any idea what I'm talking about, then that's a good indicator that you're almost certainly not in a position to itemize those deductions. ;)

Taxes on freebies are far less than what the freebies are worth, so IMO one shouldn't sweat the taxes -- you're still ahead. Everyone should know by now that nothing is really "free" in the literal sense of the word, but the saves are still substantial enough.

For instance, my reported freebie income cost me an additional $850 or so in Federal tax this year, but that was out of several thousand dollars worth of freebies.

[quotec3337395c3="dmorris68"][quotec3337395c3="stueybaby17"]Oh and I also learned that taxes are messed up with freebies. Because you dont' get a w-2 and that the earnings are considered other income so if you are claimed as a dependent (or can be which you can) then you cannot take the $5150 as a standard deduction. So your best bet would be to keep all your paypal recipts and recipts for doing offers and mailing stuff back and then itmize your deductions.[/quotec3337395c3]
I'm not sure to what you're referring, but maybe it's how you wrote it (or I'm interpreting it).

First, you don't get a W2 because it isn't wage income, however you DO get a 1099-MISC.

Dependent status with regards to the standard deduction has nothing to do with freebie income (or any other type of income). Either you or your parents can claim your deduction, but not both. That's the case whether you have income or not. Perhaps you were just pointing out that if his parents claim him and he cannot take the standard deduction, then he WILL have to pay taxes? That's a likely conclusion.

I do not recommend trying to itemize your freebie costs, particularly if you're not experienced in tax filing anyway. The tax law around hobby expenses (which is what this would be considered, as it's certainly not a job) is quite complicated and has a lot of restrictions. The burden on the taxpayer is quite high, same as with home office deductions. And if you don't have any idea what I'm talking about, then that's a good indicator that you're almost certainly not in a position to itemize those deductions. ;)

Taxes on freebies are far less than what the freebies are worth, so IMO one shouldn't sweat the taxes -- you're still ahead. Everyone should know by now that nothing is really "free" in the literal sense of the word, but the saves are still substantial enough.

For instance, my reported freebie income cost me an additional $850 or so in Federal tax this year, but that was out of several thousand dollars worth of freebies.[/quotec3337395c3]

Yeah I'm not good at explaining stuff. But I understand what you are talking about. It's not reported on a w-2 and if your parents claim you as a dependent deduction is the lesser of the standard deduction or your w-2 income plus $300. And because freebies come as a 1099 they are considered other income.

I know Hobby taxes are a pain in the ass and are very confusing but I think that by next year I'll be able to do that. Right now I have a tax class and I'm learning a lot, and interrested in learning more. I still havea long way to go. Next semester I'm taking advanced tax so i think I should be able to do itimized deductions including hobby expenses. I'm going to be an accounting major.

When you apply for a job, you are required to supply personal information, and your social security number. This is like a job.

thanks.... we covered that, but also... this is a job where the employer is completely unknown. In my case the employer is new to be being a site owner.... many factors overr ride just the fact of it being a simple job

ok, so in my case of not wanting to submit a w9... shouldnt i be allowed to take a physical gift instead?

[quoteefdca40a64="chrome89k"]ok, so in my case of not wanting to submit a w9... shouldnt i be allowed to take a physical gift instead?[/quoteefdca40a64]
Doesn't matter. You're taxed on the value of the gift, not just on cash. If you receive a HDTV worth $2000, you'll get a 1099-MISC for $2000 and report that amount as income on your taxes.

I think it's been made pretty clear already, but I'll say it again if you want to cashout on your site, you [befdca40a64]will[/befdca40a64] submit a W9. It isn't negotiable, and you cannot work around it. Your only choice in the matter would be to decline your payout and get nothing.

Pay your taxes guys there is no way around it.

i would have no problem paying taxes if there was a way to skip the middle man...

why not just take a $599 payout and cut your $41 losses.

[quotea27784c7eb="kidd2108"]why not just take a $599 payout and cut your $41 losses.[/quotea27784c7eb]

I think he got other stuff from that network already.

[quote2ee3b8da0e="stueybaby17"][quote2ee3b8da0e="kidd2108"]why not just take a $599 payout and cut your $41 losses.[/quote2ee3b8da0e]

I think he got other stuff from that network already.[/quote2ee3b8da0e]

oh.

what if he gets paid next year? shrug

I never thought of that. It should work in that manner. He can file his taxes as a cash basis tax payer so even though it was earned in 2007 he did not recieve cash until 2008 and therefore he can take $599 in 2008 and not have to submit a w9.

That is if the site will allow him to wait 8 months to claim his prize after being approved.

Should Idealy work.

really...there should be no time limit on when i can claim my prize... i mean technically it IS mine.. right? i really would like an admin's opinion on this topic... what do u guys think about that... waiting a year to get paid my dues?

You can be placed on hold for any reason, and telling them to wait 8 months could be any reason

an admin on this site doesnt run hotgifts....just aim or talk to the owner of the site and ask him.

IMO, thats your only option now since you dont want to submit a w-9, but you do run the risk of the site no longer existing.

Dont quote me, but the TOS of the site probably say nothing about waiting a year to cashout.


edit. TTGP is right.

thats pretty fag tho... putting me on hold for waiting... lmfao... if thats going to be the case... ill come straight to the forums and post about what a dick move that would b