If you had to report your earnings from the websites you get money from....

United States
July 16, 2008 10:57pm CST
would you still visit them. I'm talking about survey sites, PTC's, myLot, AC, Helium ect. Don't worry, I'm not with the IRS, but it got me thinking about the www and the money that's being made from it. I guess if I had to upfront my SSN to join a site I'd probably not even consider it. Honest answers please. BTW, I would, I'm not a .com kid but I believe in being honest.
18 people like this
46 responses
@GardenGerty (157674)
• United States
17 Jul 08
I do put in my SSN. I am trying to justify a tax deduction for the use of my computer, my home and my utilities. I would love to earn at least $600 from every site I have ever signed up for, then I could give up my day jobs, all of them.
@greysfreak (1384)
• United States
17 Jul 08
Well, I consider myself an honest person definitely. But I really don't know a whole lot about taxes and stuff, because I never had a real job. In all the time I've done survey sites I think years ago I got a small value amazon gift card, and more recently one survey place I maybe got between 4-10 dollars in my paypal at some point. In August will be the first time I get a somewhat nice payout, and that's from here. I'm guessing I will never make enough off these sites to be required to file. I think I've heard 500+ or something is what you have to file. But I could be wrong. I really don't know, I probably wouldn't try to make money if I had to file, because with my luck I'd end up having to pay more taxes than I made on here! LOL So it wouldn't be worth the time or effort to try to make money. But if it happened I would just get my mom to help me figure it all out, since I'm clueless. LOL
6 people like this
@mommyboo (13174)
• United States
18 Jul 08
Hehe, no kidding. I only make small amounts, nowhere do I even make $100 a month combined, probably not even $50. I really don't understand somebody who would report $30 or whatever because even the government deems that under the amount that needs to be reported. Oh well, it's no skin off my back if somebody else wants to pay $3.87 of that when they don't have to.
4 people like this
• United States
18 Jul 08
LOL yea, exactly! I mean, this will be my first time making a nice bit of money online, and even then, it won't be *that* much, really just a little spending money, certainly not enough money for the future! Yep, I was actually talking to my mom about it, and she said yea, that you have to make a certain amount. I mean, maybe if I already paid taxes I might look into whether I should report small online earnings, but I don't have income at all other than this, and support from my parents, because I'm not employed. Yep, exactly.. if other people feel they need to pay for the little bit they make that is their decision. I mean, it's certainly not bad to do it, but if it's not necessary by law I'd say it's not worth it.
3 people like this
@mtdewgurl74 (18151)
• United States
17 Jul 08
I have had to put my SSN# on to sites that I joined and one was Hits4pay and I had to to get paid, which I did, the other was revolution money exchange and they paid me $25 but I had to give them my SSN#, I know that is silly and dangerous to do but now days I have not joined anymore that I have had to give my SSN# because I am not wanting to take the chances of getting my Identity stolen. Would I still visit them if I had to report my earnings? Yeah I would. What little we make isn't going to make a big difference. Honesty is the best way to go.
5 people like this
@drannhh (15219)
• United States
17 Jul 08
I do report the money I make online, every penny of it. Although penny is the definitive term, I did earn enough last year to report. If you believe in being honest I am not sure why you would not report your social security number after you have shown a history of earnings, but you are quite right not to upfront it on an untrusted site.
5 people like this
@saundyl (9783)
• Canada
17 Jul 08
Honestly if a website asked me for my SIN number my brain would be screaming SCAM, Identity theft RUN AWAY FAST! and I wouldn't join the site. I think online sites IF a person makes enough should send a letter stating the earnings need to be reported and leave it up to the account holder.
4 people like this
@saundyl (9783)
• Canada
17 Jul 08
I would report the earnings if they were oh a substantial value...a couple dollars here and there doesn't warrant it unless I reported it as tips. I just don't feel that i need to be risking my reputation credit and otherwise giving out my SIN# online.
2 people like this
@sunnflr (2767)
• United States
17 Jul 08
I do report all my earnings. I am incorporated. I had to do it for a customer service position I had before I got into writing. Since I had it in place I just signed up with some things through it. Even though I didn't have to for mylot I still report my earnings. I like using the EIN instead of my social security number anyway. I believe you are supposed to report anything you make over 600.00 a year. It may be state specific though.
• Lubbock, Texas
17 Jul 08
It's not state specific. It's national. The problem is that if you don't make $600 with each site, they may not send you a 1099 unless you ask for it, so keep up with how much your receive from each site. If your total earnings as an "independent contractor" is $600 per year you have to report it. Some sites do ask for your ss# upfront, others don't ask for it until they pay you, and others don't ask at all. To be perfectly honest the ones that don't ask at all worry me a little.
3 people like this
@sunnflr (2767)
• United States
17 Jul 08
That's why I've been reporting everything. I just went to my accountants this week for my quarterly tax stuff. I keep track of everything.
2 people like this
@ArsonCuff (3114)
• United States
20 Jul 08
AC makes you report once you reach $600. It doesn't bother me to report it because I make enough there that it is almost as if I work for them anyway,
2 people like this
• United States
17 Jul 08
I also report money that I make here on the internet, especially the ones that I can get a record of. It's entirely possible that the IRS will audit some of these companies and if you're name is on the books, they might look at your records. Recently, they started rummaging around Paypal looking for some unreported overseas incomes. If you're just earning a small amount, there's nothing to worry about, but some people make a lot more than a few dollars and could owe some good sized penalties if the IRS finds out.
@leeesa (884)
• United States
18 Jul 08
I only report it if someone sends me a 1099. Otherwise, I don't really keep track of what I earn. I know for a fact that I never earn more than $600 anyway. But if someone sends you a 1099, then chances are, they are also reporting it, so you better account for it.
2 people like this
@mommyboo (13174)
• United States
18 Jul 08
LOL! I guess it's a good idea to not make enough where somebody would send you a 1099.
1 person likes this
@Daelin (683)
• Brazil
14 Aug 08
I really don´t know. I don´t pay taxes because I am not in US. The money goes to my Paypal and that´s it. I have heard in forums that people who earn money with paid posts pay taxes in US. I even think it is mandatory in sites like Sponsored Reviews - http://tinyurl.com/subsolosponsoredreviews and Payperpost - http://www.payperpost.com
@Sillychick (3275)
• United States
20 Jul 08
You are supposed to report anything over $600 annually, and I believe that is a combined total, not per site. I don't earn that much, so I haven't really given it much thought. If I did earn enough, I would report it, partly because I am paranoid about getting in trouble (you don't mess around with the IRS) and partly because it's the right thing to do. I also would be able to deduct expenses, so it wouldn't affect my bottom line much.
2 people like this
@jonesy123 (3948)
• United States
25 Aug 08
I report all earnings. My income comes from the net. Even minimal stuff gets reported. In fact most of it is minimal stuff from various sites. But it does add up, lol. I just update a spreadsheet. It's all automatically tallied up. When I want to file the return, I pull the tax sheet in my program with all the consolidated info and I'm good to go. And I love that I can take deductions for various things that otherwise I couldn't take.
3 people like this
• United States
25 Aug 08
That's a great idea. You get best response.
1 person likes this
• United States
13 Aug 08
Well I wouldnt report my earnings period the darn govt takes to much many from paychecks anyhow and wastes it no need to take my hard earn money online too,.
2 people like this
@calajane (1003)
• Poland
17 Jul 08
I think that I will actually report the money I make. But only when I actually get my funds that currently are online on my bank account. Then I"ll be reporting my income. PLus it's a good start. If I start reporting my online income, Iwill actually think more serious about it. Plus I might start deduct all the expenses I have fr the internet and all :)
@ajayrekha (491)
• India
18 Jul 08
I hae neer earned so much money online that I should report to authorities. But yes I have earned in my forex trading account and that money I have still not withdrawn. I know I will have to show that in my income tax return to avoid any complication.
2 people like this
@paid2write (5201)
18 Jul 08
I don't earn enough yet to pay tax on my internet income, but I do fill in my tax papers every year and when I reach the amount where I have to start paying tax on my income I will do so. Most websites have members from around the world so we are individually responsible for reporting our income to our own tax authorities. If a site wants an American SSN then I am not qualified to join because I am outside the USA.
@bunnybon7 (50973)
• Holiday, Florida
20 Jul 08
hey i wouldnt. the mere pennies we make on here would not even be worth it. also, the irs is whats got me so poor. that and my kids.LOL!
@MaeTsuen (257)
• Philippines
18 Jul 08
hmmmm i don't know what to do... i will the cross the bridge when i get there.
2 people like this
• United States
18 Jul 08
Legally, you have to. If you earn enough money to file taxes (which is a much lower amount if you are self-employed), you have to report all of your earnings-- including lottery, online, etc. Otherwise, you are risking running afoul of the IRS-- and there is no limit to how far they can go back when it comes to cases of fraud.
2 people like this
@bbjwlsn (263)
• United States
18 Jul 08
I would definitely not join if I was required to furnish my S.S. #. I am on S.S. disability, and I can barely live on what I get now. If I had to report every little $10 or $20 per month that I got, I would not even consider joining if I had to pay taxes on it.