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timmerk User

Posts: 79 Joined: 26 Sep 2004
Karma: 0 Trade Record: 0
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Posted: Sat Dec 30, 2006 6:09 pm Post subject: Which products needed the 1099? |
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Hi,
Which Freepay products needed us to fill out the 1099? I can't remember if it was just the iBook or if there were others.
Also, anyone know how I should change my address with Freepay so I can get the 1099s from them? Tax day is nearing and I realized my old mailbox is closed so I will never be able to get it.
If I can't get them, what do I do on my taxes? Just claim the iBook on my tax return without the 1099?
Thanks! |
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dmorris68 FiPG Coder
 FiPG Admin

Posts: 8316 Joined: 09 Mar 2005
Karma: 359 Trade Record: 30
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Posted: Sat Dec 30, 2006 7:27 pm Post subject: |
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| It's W9, not 1099, and any site that ships a gift or cash payout of $600 or more will collect a W9. Some sites, including Freepay IIRC, have gone to collecting a W9 for any prize (no matter the value) because legally the $600 threshold is cumulative for a single year, and not per prize or payout. Networks like Freepay with multiple sites can easily exceed $600 to a single person, even with smaller prizes, so they require a W9 regardless. |
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timmerk User

Posts: 79 Joined: 26 Sep 2004
Karma: 0 Trade Record: 0
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Posted: Sun Jan 21, 2007 5:55 pm Post subject: |
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Ah, ok. They are not replying to my tickets about how to change my address - what should I do? Is Jake still around?
Thanks! |
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findme Banned

Age: 6 Gender:  Posts: 399 Joined: 01 Jan 2007 Location: 127.0.0.1
Karma: 3 Trade Record: 16
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Posted: Sat Jan 27, 2007 3:45 am Post subject: |
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eh, 1099 is for interest, rewards and such. basically used in gambling or the lottery.
i could understand why they ask for the w-9 legally they have to and i dont think they want to be taxed for money they didnt actually get. |
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