#AskEden - If you only use commission to buy toys...

libra777 libra777
Do you still have to file a w9?
10/24/2012
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- Kira - - Kira -
Yes. Anything over $600 is reportable regardless of how it's used.
10/24/2012
libra777 libra777
Thanks
10/24/2012
closed account closed account
Quote:
Originally posted by - Kira -
Yes. Anything over $600 is reportable regardless of how it's used.
oh, i didn't know that...but they let u use the commission to shop with even if u dont provide your soc sec number
10/24/2012
AskEden AskEden
If you live in the US, you have to have a W-9 on file with us.

Beyond that, I'd suggest contacting your tax professional to address any personal tax questions.

Sorry for the rote answer, but there are so many different laws and situations, it wouldn't be prudent to give a specific answer unless you're a certified tax professional.

#AskEden
10/25/2012
closed account closed account
Quote:
Originally posted by AskEden
If you live in the US, you have to have a W-9 on file with us.

Beyond that, I'd suggest contacting your tax professional to address any personal tax questions.

Sorry for the rote answer, but there are so many different laws and ... More
so as far as what eden reports- i take it that it's going to include all commissions for the year regardless of payout? i know you can't speak to what to do with the tax forms, just asking what numbers are reported to IRS.

would that be commissions for the calendar year regardless of payout option chosen? (check, orders, or even if dont cash it all out)
10/25/2012
AskEden AskEden
Quote:
Originally posted by closed account
so as far as what eden reports- i take it that it's going to include all commissions for the year regardless of payout? i know you can't speak to what to do with the tax forms, just asking what numbers are reported to IRS.

would that ... More
It would be for calender year, for sure.

As for reporting, there were some new laws that changed who reports what when it comes to online sales. Again, ask your tax person.

It never hurts to keep your own records on it.
10/25/2012
Total posts: 7
Unique posters: 4