SR and Taxes question...

[ItsmeSunnyV]

Will we be receiving anything in the mail from SR for when we do our taxes? Just asking, because another site I USED to do, sent me some papers for when I file, so now I am wondering, if I should wait and see what else comes in the mail before filing.

[spring]

Will we be receiving anything in the mail from SR for when we do our taxes? Just asking, because another site I USED to do, sent me some papers for when I file, so now I am wondering, if I should wait and see what else comes in the mail before filing.

Good question. However, I'm thinking because most of us do not have a large income ($10,000 plus) a year, probably not. However, I'd be interested in knowing this, too.

BTW: I don't remember giving out a SSN for this site, so I'm not sure how it would track.

[aknight373]

BTW: I don't remember giving out a SSN for this site, so I'm not sure how it would track.

I know i didnt, because if it asked for one i wouldn't be here

[ItsmeSunnyV]

Okay I couldn't remember. LOL Thanks guys!

[Magical JenK]

From the Terms & Conditions page...

Tax Liability:
All federal, state, local, and other taxes on rewards earned and prizes won are the sole responsibility of the members. If at any time you would like a total of the amount that you have cashed out for in a given year, please contact us. If you cash out or win a total of $600 or more in a calendar year, you will be required to provide Sunshine Rewards with a valid W-9 tax form before receiving any more rewards.

Here is the link..
http://http://www.sunshinerewards.com/terms.php

[SunshineGirl]

Because a lot of what we do is in the form of rebates for different things you do on the site, we do not require tax forms. How and whether you decide to claim and rewards site income on your taxes is totally up to you.

[ItsmeSunnyV]

Because a lot of what we do is in the form of rebates for different things you do on the site, we do not require tax forms. How and whether you decide to claim and rewards site income on your taxes is totally up to you.

Gracias!

[tnhillbilly]

Because a lot of what we do is in the form of rebates for different things you do on the site, we do not require tax forms. How and whether you decide to claim and rewards site income on your taxes is totally up to you.

[Wendi63]

Good information to know. Thanks SunshineGirl.

[StitchandPooh'smom]

Because a lot of what we do is in the form of rebates for different things you do on the site, we do not require tax forms. How and whether you decide to claim and rewards site income on your taxes is totally up to you.

Do you know which kinds of earnings would be taxable? (And I am not holding you responsible for your answer, just looking for help !) It seems that shopping credits wouldn't be taxable since they are % back (kind of like using a coupon to get a discount), but it seems that the surveys would be taxable as earnings. It would be easier if it was all taxable, though, I guess.

And do you only count the amount you have cashed out and actually received, or do you count the earnings for the year? Seems like it would be the actual earnings, but the Terms and Conditions sound more like it is the amount actually received.

Thanks Tricia and anyone else for any input! I know we are not all CPAs here (although some of you probably are), so I am asking just for guidance, even if you don't know for sure. I take full responsibility for any tax errors I make!