The DIS Discussion Forums - DISboards.com

The DIS Discussion Forums - DISboards.com (http://www.disboards.com/index.php)
-   Budget Board (http://www.disboards.com/forumdisplay.php?f=22)
-   -   Rewards sites and tax? (http://www.disboards.com/showthread.php?t=3085085)

pinkxray 03-24-2013 05:45 AM

Rewards sites and tax?
 
I've been a member of Sunshine Rewards for awhile and just joined Swagbucks. I haven't earned much before but am going to try to do a bit better this year.

How much do you have to earn before you have to ask for a statement for your taxes?

Thanks!

mistysue 03-24-2013 06:59 AM

It is possible that these sites have different rules but they should be required to send you a 1099 if you make $600 or more. I know that is when an employer has to do so.

marius97 03-24-2013 08:17 AM

Quote:

Originally Posted by pinkxray (Post 47892189)
I've been a member of Sunshine Rewards for awhile and just joined Swagbucks. I haven't earned much before but am going to try to do a bit better this year.

How much do you have to earn before you have to ask for a statement for your taxes?

Thanks!

Though for what it is worth, they don't have to send you a 1099 for you to be required to declare the income on your taxes. Any income that you have must be declared unless specifically excluded by the IRS.

tar heel 03-24-2013 10:20 AM

Tricia, the owner of Sunshine Rewards, is a lawyer and she has addressed this issue on her site. I don't want to risk giving you wrong information, so you might want to do a search or contact her directly about SR proceeds (not calling it income).

One thing I do know for sure is that you don't have to file an income tax return for self employment if you make under $400.


All times are GMT -5. The time now is 11:08 AM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Copyright 1997-2014, Werner Technologies, LLC. All Rights Reserved.