Official CLER thread *Please post New ones in here*

**Peachyum** · 09-18-2007, 05:31 PM

Thanks, Iconian.

Glad to see you got approval on it first.

*cough 6. speficially/specifically

Yeah, I got better things to do but thought this would be more fun.

iconian · 09-18-2007, 05:33 PM

Quote from Peachyum

:

Thanks, Iconian.

Glad to see you got approval on it first.

*cough 6. speficially/specifically

Yeah, I got better things to do but thought this would be more fun.

sorry, doing this in the middle of econics crap, next time i'll pm u since u have an inside track on.....

**Smiles11** · 09-18-2007, 05:34 PM

We definitely needed this thread! Good idea!

**fountainhead** · 09-18-2007, 05:50 PM

Thanks Iconian!!! Now time to advertise it so people will start posting here..

**sportsdoll** · 09-18-2007, 06:29 PM

Thanks Iconian, You actually left the Lounge today??? hahaha Seriously, good job.

**SpoiledPrincess** · 09-18-2007, 08:27 PM

Thanks

**Chloerlz** · 09-18-2007, 09:50 PM

Thanks op, I got it stickied!

**glitzkrieg** · 09-18-2007, 09:59 PM

Man, I wish these things actually showed up for me when I go to the website. Everyone seems so excited and then I go and it's like, "NOPE, NOTHING." Why?!
Well, I'll always have Stanford!

**alleesyi** · 09-18-2007, 10:03 PM

thanks so much

**mystufftosell** · 09-19-2007, 02:44 PM

You have to provide a SSN so they can report the $ they give you as part of your income to the IRS. You will pay taxes on the things you get from them....

boone88rr · 09-19-2007, 02:49 PM

Quote from mystufftosell

:

You have to provide a SSN so they can report the $ they give you as part of your income to the IRS. You will pay taxes on the things you get from them....

You and they are only required to report this income if you earn more than $600 a year. Chances are, you wont be earning that much. They are just covering their bases in the rare case that someone actually does and the IRS calls them on it.

http://www.irs.gov/businesses/sma...21,00.html

Quote :

You may be required to file information returns to report certain types of payments made to independent contractors during the year. For example, you must file Form 1099-MISC, Miscellaneous Income, to report payments of $600 or more to persons not treated as employees (e.g. independent contractors) for services performed for your trade or business. For details about filing Form 1099 and for information about required electronic or magnetic media filing, refer to information returns.

**SpoiledPrincess** · 09-19-2007, 02:53 PM

Quote from mystufftosell

:

You have to provide a SSN so they can report the $ they give you as part of your income to the IRS. You will pay taxes on the things you get from them....

You have to pay taxes from any source that pays you over 600.... I just make sure I never hit that magical number with any of the companies I work with

long_since_gone · 09-19-2007, 10:54 PM

Quote from boone88rr

:

You and they are only required to report this income if you earn more than $600 a year. .]

Nope. They are only required to report to the IRS if they pay you 600.00 or more. YOU are required to report ANY income you get from them. Just because they aren't responsible to reporting it doesn't mean that you're not required to do so.

Of course most people won't report it....but that doesn't mean it's legal.

long_since_gone · 09-19-2007, 10:59 PM

Quote from SpoiledPrincess

:

You have to pay taxes from any source that pays you over 600.... I just make sure I never hit that magical number with any of the companies I work with

600.00 just means there's a paper trail formed and sent to the IRS which means you can't avoid reporting it. Legally you have to report ANY and ALL income you earn. Just because no one tells on you doesn't mean you're off the hook on reporting it.

If you ever get audited and they look at your bank account statements....better hope you didn't deposit those checks or you'll have to explain why you didn't report that income.

Great freebie	88%
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09-18-2007, 05:31 PM	#2
Peachyum ♥ Appleyums Peach Date Joined:Sep 2006 Posts:12,244	Thanks, Iconian. Glad to see you got approval on it first. cough 6. speficially/specifically Yeah, I got better things to do but thought this would be more fun. __________________ I everyone until they show themselves to be an Isle of Misfits* toy that even Santa can't give away. If I was really out to get you, I'd have you pickling in a Mason jar on my shelf by now.
	Reply

09-18-2007, 05:34 PM	#4
Smiles11 Smiling in Florida! Date Joined:Jul 2007 Location:Colbalt Club Posts:1,287 Reputation: 1119	We definitely needed this thread! Good idea!
	Reply

09-18-2007, 05:50 PM	#5
fountainhead Sanjaya'ed Date Joined:Mar 2007 Location:Universe of Sanjaya! Posts:423 Reputation: 311	Thanks Iconian!!! Now time to advertise it so people will start posting here.. __________________ FANJAYA
	Reply

09-18-2007, 06:29 PM	#6
sportsdoll L9: Master Date Joined:Feb 2007 Posts:4,828 Reputation: 1575	Thanks Iconian, You actually left the Lounge today??? hahaha Seriously, good job.
	Reply

09-18-2007, 05:24 PM
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09-18-2007, 08:27 PM	#7
SpoiledPrincess Mopar Girl! Date Joined:Jun 2006 Location:Talk Nerdy Not Dirty :)~ Posts:2,915 Reputation: 986	Thanks __________________ Minds are like Parachutes~They only function when open. (\__/) (='.'=) (")_(") “Fall down seven times, get up eight.” ~ Japanese proverb
	Reply

09-18-2007, 09:50 PM	#8
Chloerlz L10: Grand Master Date Joined:Jul 2006 Posts:7,458 Reputation: 3536	Thanks op, I got it stickied!
	Reply

09-18-2007, 09:59 PM	#9
glitzkrieg I am a robot Date Joined:Aug 2007 Location:Ministry of Propaganda, mapping your future (PA) Posts:889 Reputation: 186	Man, I wish these things actually showed up for me when I go to the website. Everyone seems so excited and then I go and it's like, "NOPE, NOTHING." Why?! Well, I'll always have Stanford! __________________ In a madhouse there was a propagandist highly praising the Soviet Authority. When he finished everyone applauded except for one man standing off to one side. 'And why aren't you clapping?' asked the propagandist. 'I'm not a lunatic, I'm the hospital attendant!'
	Reply

09-18-2007, 10:03 PM	#10
alleesyi L4: Apprentice Date Joined:Feb 2007 Location:Pacific Northwest Posts:409 Reputation: 444	thanks so much __________________ Be Ye Kind One To Another Eph 4:32
	Reply

09-19-2007, 02:44 PM	#11
mystufftosell L9: Master Date Joined:Oct 2006 Posts:5,677 Reputation: 3520	You have to provide a SSN so they can report the $ they give you as part of your income to the IRS. You will pay taxes on the things you get from them.... __________________ "The hottest places in hell are reserved for those who, in time of great moral crisis, maintain their neutrality." -Dante PM me if you want either of these coupons: $10 off $30 at Bath and Body Works $10 off $50 at Victoria Secrets Suggestion: Garage sale your stockpiles super cheap (everyone in your area will benefit), then donate 1/2 the proceeds to charity. You get 1/2 to buy what you need, and charities sure could use the $ right now.
	Reply

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