When you receive your payment from mylot...do you..

Hm! So as long as you make less then whatever the 400-500$ limit is, you dont really have to write it on taxes? Are you 100% sure about this? I dont really want the IRS making me pay way more for not filling out a simple tax form.. I'm sure some people..very few with high amounts of referrals make more then enough to have to pay the taxes on it..

I started doing some online work well over a year ago and started researching the tax part of it. I write for Associated Content and whenever you reach a certain mark, they make you fill out a form and then you must declare that on your taxes, they say you have to declare it when you hit $600 for any given year. I've made about $300 or so in a year and have not had to file nor have I had any trouble with the IRS over any other places I've made money from. If you check out the IRS' website, they should have a section about independent contractors and the filing requirements for it. They'd like you to file anytime you make anything, but I highly doubt this would be considered a big deal. However if you feel you should file, it probably wouldn't hurt anything. Better safe than sorry.

I could just set my payment to 100$ or so, which is actually what i'm probably going to do once I reach at least one confirmed payment at 10$ :) Because I feel 5$-15$ I doubt they would care about, but 100$ or more from an unknown source? I think that might make them a little iffy...