Ideal question regarding tax forms

Live forum: http://forum.freeipodguide.com/viewtopic.php?t=78717

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