Funny enough I work for the Canada revenue agency in Sudbury Ontario (look it up it's real). And I do..... trust me I do....
For those of you interested in the truth:
If you receive more than $600 in payments from any one client and or service, that client is required to issue you a 1099 Form. You will then use that 1099 information to prepare your tax return.
If you are a merchant that sells regularly then you don't need to submit if your income is less then $20,000 OR 200 transactions.
I have already got my t1099 from paypal, Maybe it is different for you in your stone hut xD
edit : Or maybe your making so little they don't even care![]()
sigh... this is for the silly american..
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Form 1099-MISC, Miscellaneous Income
File Form 1099-MISC for each person to whom you have paid during the year:
At least $10 in royalties or broker payments in lieu of dividends or tax-exempt interest;
At least $600 in rents, services (including parts and materials), prizes and awards, other income payments, medical and health care payments, crop insurance proceeds, cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish, or, generally, the cash paid from a notional principal contract to an individual, partnership, or estate;
Any fishing boat proceeds; or
Gross proceeds of $600 or more paid to an attorney.
http://www.irs.gov/uac/Form-1099-MISC,-Miscellaneous-Income-
This unfortuneatly is not from your fancy paypal website, but from the government website... I am suuuure paypal is right though...
*Pat's harmac head* Keep studying, you'll ace that spelling quiz buddy*
Oh boy did I LOL
Why are you laughing?... because it says to each person you've paid?Oh boy did I LOL
Then I LOLed.
Why are you laughing?... because it says to each person you've paid?
When you get a t4 slip from an employer ... it would read the same thing. Then you have to claim it.
I just assumed that's why you were laughing because you bolded that part, but that is the same thing it would read for a t4.
FyI...
... boy did I lol
Yeah... no I am not going to post my tax information on the internet thanks.
And your employer gets the slip after they send in there data based on WHO THEY HAVE PAID... then the govt mails you a copy based on that data...
Your starting to ragecute
p.s. In case your 15, when you grow up, it's best not to put personal tax info on forums.
If you don't think 300$ a month is of any value then you are clearly a moronI hope to god you don't do your own taxes.
You : "$800 return, $1400 return, Who Cares, My goal isn't to live in a shack!!!"... Derp derpa doo
How is this thread not closed yet xD
How is 200 usd$ a month for doing nothing peanuts? You are just ignorant if you think that.
And Like I already said, I am not claiming it on my taxes, but legally you are supposed to. It is income. All income must be reported.
Taxes isn't the arguement.. The arguement is the fact that the other guy said 200$ a month is worthless, and I said I would hate to see you file your taxes because if you think that is worthless you probably do a poor job getting yourself a decent return.
Nobody reads![]()
TLDR - be creative, dont give up when things seem bad, dont just follow the herd blindly....and then you might be able to make 100 mils a day(5$!). push it to the limit