Taxes 12/02/2008
 

Well tax season is coming up and I know a lot of people already on Cashcrate is wondering if they will have to pay taxes on the money they earn.  Well from what I know...once you make $600 you will have to fill out a 1099 form and send it back to Cashcrate and Cashcrate will send it to the IRS. If you don't complete this form Cashcrate will stop paying you until you do. What I heard and you can correct me if I'm wrong, you will not start paying taxes until you make up to $3500.  But just to be on the safe side you should put 10 to 20 percent of what you earn from each paycheck aside until tax season and see what you owe or not owe.  Also if you fall under a certain tax bracket and have tax breaks you may not have to pay taxes.  If you have any experience with Cashcrate and taxes please let me know and comment here.

 


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