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By Submitting a W9 To AC - What Effect Will It have On my Taxes?

Discussion in 'Associated Content & Writing Articles' started by AnThRaXx, Jun 4, 2010.

  1. AnThRaXx

    AnThRaXx Regular Member

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    Any - Some example:

    Will I Pay out hirgher on Child Support
    Will college financial aid be effected at all
    will I still be able to get foodstamps, social security, etc. (lol - :/)
    Will I have to pay out on taxes

    Basically - What kind of impact if any can I expect by completely verifying an account with W9 Form

    Thanks in advance for any help
     
  2. lumien

    lumien Junior Member

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    Basically the w9 will just allow the people that are paying you to accurately report what you made in wages for the year.

    If you make under $600 a year, I don't think it gets reported. But if you make more than that, it would count toward your taxable income. Which, i guess could affect all of the things you mentioned.

    ** This is my opinion only and does not constitute as legal or financial advice**

    Lumien
     
  3. sweemoo

    sweemoo Newbie

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    i think your worrying too much if your worrying about Associated Content and what will happen if you sign up with them.
     
  4. quicknrandom

    quicknrandom Regular Member

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    just keep your earnings under $600 a year and your golden
     
  5. zebrahat

    zebrahat Elite Member

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    A standard W9 submitted to the business gives them the ability to file a 1099 characterizing what you earned from them as income. It's best not to submit the form at all, if you don't want third parties acting as unpaid government informants about your financial dealings, or don't want their unsworn, hearsay statements to create a paper trail of (perhaps inaccurate) evidence about your activity. Second best route is to keep your earnings below $600 as stated above, although some companies might spit out a 1099 to the IRS anyway.
     
  6. vb.green

    vb.green Newbie

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    Until you earn $600 per year, you don;t have to bother about it :)
     
  7. xfactornos

    xfactornos Regular Member

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    With CPA networks you wont get paid if you dont submit your tax info but AC may if you keep the earnings low.
     
  8. Captainwtf

    Captainwtf Registered Member

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    I too am concerned about this. I'm going to be just over $600 from AC this month, and I don't want to take a major hit on my taxes. Should i keep working with AC, or move onto something else? Will it remain worthwhile?