Forum Thread

Opinion Outpost wants me to do a w-9, what should I do?

ThadChrist 7 10 July 16, 2013 at 05:36 PM in Question
Deal
Score
0
15,037 Views

Thread Details

I know what a w-9 is. This is the only "income" I make (Opinion Outpost) and I use $50 a month of it to pay my internet bill to even take surveys. So could I count that as a business expense?

(heres what my Opinion Outpost account reads "We are unable to process your payment. Please check that your request does not exceed the daily limit of $300.
If you reside in the United States and you’ve claimed $600 or more in a calendar year, you will need to submit a Form W-9.
Please contact the helpdesk for further information." )

Basically I worried about how much I'll have to pay in taxes cause as I said this is the only money I make. So should I:

Contact OO and do the w-9? Roughly how much would Iowe in taxes on 1099 if its as simple as this being my only income & $50 internet monthly business expense.

or deactivate this account and start another one, so technically i still have only one account or is this a no no?

Any suggestions would be helpful thank you Smilie

27 Comments

1 2

Sign up for a Slickdeals account to remove this ad.

#16
Nope, you fill it out for your info as you file your taxes. If you files taxes as a LLC then check that box, if not leave it blank. All the information filled out should match YOUR personal information (I've done a few in the past).
Reply Helpful Comment? 0 0
Joined Jul 2005
L1: Learner
7 Posts
10 Reputation
Original Poster
#17
What do you mean "nope"? That's what I said, I assume I USE MY OWN INFO. Thanks anyway.

So i guess I have no federal tax classification? Leave it blank? I'm not an individual if i don't have a business of my own?
Reply Helpful Comment? 0 0
Last edited by ThadChrist July 18, 2013 at 02:20 PM
#18
Quote from ThadChrist View Post :
What do you mean "nope"? That's what I said, I assume I USE MY OWN INFO. Thanks anyway.

So i guess I have no federal tax classification? Leave it blank? I'm not an individual if i don't have a business of my own?
Sorry, what I had quoted didn't go through, it was this:

Quote from ThadChrist View Post :
I was just confused if I needed to put any Opinion Outpost info on there like check LLC cause they're an LLC or use their address.
that I was saying nope to. You check the individual unless you file your taxes under a business, LLC, or something else. You can leave OOs info out since you are sending it to them and it's not required. They may also have a different address they use, but it doesn't matter. Just fill out your info and you'll be GTG.
Reply Helpful Comment? 0 0
#19
This really isn't this difficult.
Reply Helpful Comment? 0 0
#20
Has anyone hit this limit on OO and did NOT send them the w9? I.e. just waited till jan to cash out? Do they automatically unlock your rewards or do you have to contact them/get them to do it manually?
Reply Helpful Comment? 0 0
#21
Quote from txstguy View Post :
Has anyone hit this limit on OO and did NOT send them the w9? I.e. just waited till jan to cash out? Do they automatically unlock your rewards or do you have to contact them/get them to do it manually?
The only reason to not send it is if you're planning to cheat on your taxes.

IIRC someone tried that once and OO cleared the earnings out of the account on January 1st because no W-9 was submitted. They could take surveys again but lost all rewards from the previous year.
Reply Helpful Comment? 0 0
#22
Quote from mamegoma View Post :
The only reason to not send it is if you're planning to cheat on your taxes.

IIRC someone tried that once and OO cleared the earnings out of the account on January 1st because no W-9 was submitted. They could take surveys again but lost all rewards from the previous year.
How is it cheating if u don't go over the $600 that u have to report above? Thx for the info.
Reply Helpful Comment? 0 0

Sign up for a Slickdeals account to remove this ad.

#23
Quote from txstguy View Post :
How is it cheating if u don't go over the $600 that u have to report above? Thx for the info.
You report ALL survey income. The IRS isn't directly informed unless a company pays you $600 or more but that doesn't mean you aren't required to report your earnings.
Reply Helpful Comment? 0 0
#24
Got a better one for you:
If you are a member of BOTH OO and SurveySpot (ol' SS), and you earn a COMBINED total greater than $600 between the two of them (and any other SSI run survey company) then you have to file a W-9 with them. I just ran into this this week and got the dreaded message, because OO and SS used to be 2 separate companies (and I would go up to $599 for each and stop for the year). I have never run into this with uSamp in the past (since at one time or another, I was on 4 different uSamp groups, but slowly weened myself off of that). This is the the first time I ever ran into this problem. Any recommendations? EEK!
Reply Helpful Comment? 0 0
#25
Quote from cutter1966 View Post :
Got a better one for you:
If you are a member of BOTH OO and SurveySpot (ol' SS), and you earn a COMBINED total greater than $600 between the two of them (and any other SSI run survey company) then you have to file a W-9 with them. I just ran into this this week and got the dreaded message, because OO and SS used to be 2 separate companies (and I would go up to $599 for each and stop for the year). I have never run into this with uSamp in the past (since at one time or another, I was on 4 different uSamp groups, but slowly weened myself off of that). This is the the first time I ever ran into this problem. Any recommendations? EEK!
I had my rewards locked for the same reason too. I just printed a W-9 and mailed it to them last week---still waiting to be unlocked! I really didn't want to stop for the year and miss 3 months of earning potential--I figured I would still earn more between the 3 sites than I will be paying taxes on.
Reply Helpful Comment? 0 0
#26
Same here got that dreaded message. Sent my form off also and waiting for them to unlock.
Reply Helpful Comment? 0 0
#27
Quote from webmistress View Post :
Same here got that dreaded message. Sent my form off also and waiting for them to unlock.
they unlocked mine today---only took a week!
Reply Helpful Comment? 0 0
#28
Too long for an internet based company. You would think they would alert you before locking your account and-or pop up alerts as you near the amount.
Reply Helpful Comment? 0 0
Page 2 of 2
1 2
Join the Conversation
Add a Comment
 
Copyright 1999 - 2016. Slickdeals, LLC. All Rights Reserved. Copyright / Infringement Policy  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)
Link Copied to Clipboard