W-9 Form Once Earnings Reach $600?

It is only for US residents only not for us. Are you earning more than $ 600 ?

No, W9 is for American residents. You probably will be asked for a different form covering non-resident aliens earning American income. Earnings are subject to income tax. However most people do not bother as someone like myLot is not required to report income to an individual until it reaches $600. You can be resident or non-resident, citizen or alien, and you are asking about the international members which would fall into non-resident alien category. While most people do not bother up to the $600 and I am sure the USA government will not get upset about a miniscule amount of income tax due, if any, once a certain amount is reached, the $600, it has to be reported by an enterprise like myLot and they would probably freeze any further payments until the appropriate forms are sent to the IRS. I am not sure about the details so please do not take this as legal advice. I believe non-resident aliens will have to file a Form 1040NR, U.S. Nonresident Alien Income Tax Return or Form 1040NR-EZ, U.S. Income Tax Return for Certain Nonresident Aliens with No Dependents. There are exceptions if your country has a tax treaty with the USA. For example Canada where I live does, and I would declare the $600 as foreign income and pay the appropriate taxes to Canada and non to the USA, thus I would only have one income tax to file. See this and read carefully http://www.irs.gov/businesses/article/0,,id=203094,00.html There are links to the appropriate forms. USA citizens living abroad and still earning money from the USA are still required to submit a USA income tax when their earings go over a certain amount. If you are making substantial earnings in the USA and not declaring, you could also get in trouble with your own government too for not declaring foreign income. A visit to your accountant or a tax lawyer might be in order, especially if you are making a living through USA online sites.

Hey zed, sorry I don't know as it will never come into play with my minute earnings. However, iI guess it depends on your government. If you have to declare overseas income on your tax, or not. It definielt applies to Americans.

G'day Zed... I think it a rule for US residents ONLY. Here were are required to pay income tax on any earnings over $599. Unless your country has such a rule, I don't think it would apply to you. My understanding is that myLot was sending an PM to all those who are headed for the over $600 payout. If you haven't received that PM then you probably won't be affected. I'd like to point out that I'm speaking from common sense NOT knowledge. I hope you're having a GREAT day!!! Things better there???

You should go by the laws in your country. You can't fill out a W-9 because you don't have US Social Security Number. I don't know about the laws in your country but U.S. residents have to claim a certain amount of money.

[b]Hello my friend Wow what a good question, I didn't think about this, not that I am anywhere close to this point buy hey you never know what the future holds, thanks for this my friend. Great question [/b]

International members of sites like this are SCREWED once they reach $600. To fill out a w-9 you have to be an American, unfortunately if you do not have a W-9 you can not earn more than $600 per site per year, so non-Americans are screwed, if they earn more than $600 a year. I am Canadian, and had this problem for a while. Then I married an American, and managed to obtain an American Taxpayer ID number (ATID#). I was unable to obtain one before we got married (I tried!!!) but once we got married, the IRS coudln't wait to issue me one. LOL Now i can earn all i want.

Nice question Zed. I do know that the W-9 is only for US residents. But when international members join online earning sites, we are given this note/notice that once our earnings reach more than $600, then the tax form has to be filed. Now for those who might think that reaching this amount is impossible even for international members, the amount actually can be achieved especially if you get to join writing sites that pay good money. I don't know how they will track this tax filing or what would happen if international members don't file it. My online earnings for one month is more than $100 last month so if I continue at that pace, then before the year ends I might reach the $600 mark. I do see that my earnings are already taxed before they get credited in my paypal or alertpay account, wonder if that is the same? Is there a CPP or accountant in the house?

When you create your account here, you are asked to state your country of residence. If you are not in the United States, and choose your correct country, when you look at your payment information link (under preferences) you should see something like this, in red, further down the page: "I hereby declare under penalties of perjury that, in connection with the performance of services with myLot, LLC – a limited liability company domesticated in the State of Kansas within the country of the United States of America – I am not a citizen or resident of the United States of America. Further, I will notify myLot, LLC immediately if my status changes." I've been working as an independent contractor for years (which is basically what we are here, when we are compensated for what we do). I'm in Canada. Even though I've worked for many US clients, I naturally don't receive IRS forms such as the W-9. However, what we earn online is still taxable... whether or not we get a form like that. You can check with your local tax authority to find out what the limits and such are where you live :)

I think that applies to the USA citizens.

i'd ask mylot.W-9's i think are just for american taxes,but each country may have something different.

What's a W-9 form?? What is it being used for?? I have not seen anything like this in any forum sites.. MAybe not much ple has earned till that amount yet?? BUt i think it's only applicable for US residents, for tax purposes.. hehe ^_^ As i think i read somewhere, whereby they have to declare their online earnings, even thought it's not alot.. BUt i dunno if that's the form though

I can only speak for here in Italy and I have already discussed this with the accountant who fills out my tax form as I have several offline jobs during the year. Online earnings are added to those totals if they go over a certain level. So far that has not happened - but there is hope for the future. Check what are the laws in your country my friend

Not a clue Zed, if anyone comes up with the answer pop a note for me in here then please

I think it is only for the United States as the government here requires us to pay taxes on any earnings $600.00 or above. I am not positive of it though. I do not know how other governments do their taxes.

Mute point! You'll not reach that amount in one year anyway!tdemex

As most others have already pointed out, it's a US taxation form. So you don't have to fill the form, unless you are filing taxes in the US. But since earning online is still a source of income, you will have to check the Tax laws of your country.

hello zed, I don't think so.. only US Citizens can file that. for me, oh, my am only getting ten to twenty dollars a month. and file a tax form no way. six hundred dollars, nice i hope i can earn that here but it's only a dream come true. it's so sad but true