Q: Just need some clearing up of the W-9 form

iowahawkeyes
210
I printed it off to fill out, so I can then submit it. I was wondering, does this mean I have to pay taxes? What does submitting this form mean for me?
iowahawkeyes (rep: 4.23k) posted Oct 21, 2012
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9 Comments
Brentheriot
If you make over $600 from MM, you will need to claim that income on your taxes.
Brentheriot (rep: 60.4k) posted Oct 21, 2012
30
rd995
and according to other members your payment will be on hold until you send it
rd995 (rep: 97.6k) posted Oct 21, 2012
20
arsiel
Can someone explain taxes to me? I'm still a student so I don't have much of an income. Should I file for taxes for this little income?
arsiel (rep: 13k) posted Oct 21, 2012
10
rd995
@arsiel only if you send the w9 that means your earnings was reported to the irs but if not i don't think you need to
rd995 (rep: 97.6k) posted Oct 21, 2012
10
arsiel
@rd995 Guess I should really read up on taxes elsewhere for later on but thanks for the quick & short answer!
arsiel (rep: 13k) posted Oct 21, 2012
10
MdavidK30
Wish I could be making over $600 from this site.
MdavidK30 (rep: 3.56k) posted Oct 22, 2012
00
erick99
You will get a 1099 next January to be filled with your taxes. All of the income you earn here is taxable but companies are not required to report it to the IRS until it reaches $600.
erick99 (rep: 15.9k) posted Oct 22, 2012
10
xptrish
erick99 was VERY gracious in helping me to get the w9 and send it to the right place, thank you again erick

My note would be that they do not accept electronic signatures so make sure you sign the document with an actual signature,it can be done with the online form,that's how I did it ( the second time,lol)
Jeez that was back in June! Time sure flies!
xptrish (rep: 67k) posted Oct 22, 2012
00
nimase85
@arsiel the IRS website has a student section http://www.irs.gov/Individuals/Students
& a questioner to find out if your need to file taxes http://www.irs.gov/uac/Do-I-Need-to-File-a-Tax-Return
nimase85 (rep: 15.4k) posted Oct 22, 2012
10