majormaz
17-04-2009 15:14:40
I know you can do up to 1000 per DBA, but if I completed a site for 500 can I complete another on a different network? Do I need to fill out any tax forms? Or do all the sites function separately?
bruman
17-04-2009 15:31:13
all sites function as i-deal direct interactive as far as taxes are concerned... if you do over $600 on any i-deal site w9 is required
majormaz
17-04-2009 15:38:22
[quote85f8bbb1b5="bruman"]all sites function as i-deal direct interactive as far as taxes are concerned... if you do over $600 on any i-deal site w9 is required[/quote85f8bbb1b5]
Thanks.
This is what I am saying. I made $500 on one site, therefore I did not need a W9. If I complete another 500 dollar site on a different DBA, will I need to send in a W9?
manOFice
17-04-2009 16:14:56
you have to report that money even if you don't receive a w9
majormaz
17-04-2009 16:30:52
[quote5cbb93e50b="manOFice"]you have to report that money even if you don't receive a w9[/quote5cbb93e50b]
Yes, I am aware of that.
Zags1199
17-04-2009 16:34:08
[quoteacb5c46b94="manOFice"]you have to report that money even if you don't receive a w9[/quoteacb5c46b94]
You're confusing W-9 with 1099.
And yes, OP, I believe that as soon as you hit the $600 threshold on any combination of I-Deal sites, you are required to fill out a W-9 form for them.
kinneylamb
17-04-2009 16:41:47
if you send in your redemption form, and you did an i-deal site before, and now you would be making over $600 total, then they will ask you to send them a w-9 form, before they can process your gift. if you didn't send one with the redemption form already.
manOFice
17-04-2009 16:56:18
[quote6d76e4ac59="Zags1199"][quote6d76e4ac59="manOFice"]you have to report that money even if you don't receive a w9[/quote6d76e4ac59]
You're confusing W-9 with 1099.
And yes, OP, I believe that as soon as you hit the $600 threshold on any combination of I-Deal sites, you are required to fill out a W-9 form for them.[/quote6d76e4ac59]
u sir are correct, I did switch them up lol