Are mylot earnings reported to the IRS?
January 26, 2007 8:57am CST
I don't remember, did I have to give my social security# to mylot when I signed up? If so, I'm sure my earnings are being reported to the IRS and I need to pay taxes for them. If they didn't request my SS#, it wouldn't be reported. Does anybody remember or know?
1 person likes this
26 Jan 07
I'm 99% sure you don't have to pay any taxes. Your money just get transffered in E-Gol d (if you've chosen that payment method). From E-Gold you can to whatever you want with your money.. there are members here from all over the world, I don't know what IRS is but I'm rather sure you're from the USA, MyLot couldn't report all earnings to the instution regarding taxes in each country. Hope it helped