Statement of Assets and Liabilities
By ARIES1973
@ARIES1973 (11426)
Legaspi, Philippines
March 28, 2013 11:04pm CST
I received several text messages from my relatives asking me about my position in my present job so without much ado I replied to them with the information requested.
After several messages asking the same information, I started to worry so I checked the date and discovered that we need to submit our Statement of assets and liabilities. That is why they are asking me about my present position because they needed it for their own papers.
I am just wondering if I have to include data about my online activities on this particular document which I will be submitting to our main office. I would like to solicit those who are already working online for several years already.
Have a wonderful day everyone!
2 people like this
2 responses
@iamsittie (327)
• Philippines
29 Mar 13
Is your online activities known to other persons or by the government? It will depend on you if you will include it since there is no tax law yet about online activities as far as I know. :)
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
29 Mar 13
I know I did not earn that much last 2012 which will be the basis of the computation of taxes for this year as well as the declaration of assets. However, there was a change when the year 2013 came in. I am just thinking, well, there might not be no law about online income taxes but what if you purchase something big which if computing the income you have, you cannot afford that one. Will that affect?
Some of my friends know about it and when I started improving, I also stopped talking about it, he he. Well, I am willing to declare everything if I will be told so. You know the people here in our place, most of them do not know about this thing.
Thank you for sharing!
@iamsittie (327)
• Philippines
31 Mar 13
To prevent some issues, it will be better if you will also include your online activities. At least you are being honest of the properties you have. :)
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
31 Mar 13
I will take this suggestion into consideration. Thank you and have a wonderful day!
@PointlessQuestions (15397)
• United States
29 Mar 13
I don't know where you are but here in the US we are sent a 1099 form once we have reached $600. I have a 1099 form sent to me from Yahoo (formerly Associated Content). I almost always make over $1200 a year. This year, if I keep earning like I am I will make over $1800 in 2013.
I have to pay income taxes on the money I earn. If the online jobs don't send you any tax forms, I wouldn't worry about it. Unless the laws are different where you are.
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
29 Mar 13
Hi PQ!
I am always glad whenever my inspiration when it comes to online earning activities would make a response to one of my discussions. It's like an honor for me.
Yeah I also encounter several discussions about other sites requiring the tax form. In our country, we don't have a specific law abut it so including online activities as another source of income is still a question for me. Although if I have to decided, I really think that we have to in order to prevent any problem in the future.
Thank you for sharing!
