| Message |
Author |
 Posted: Fri Dec 07, 2007 7:22 pm |
|
|
Hi, I noticed that under people's name there is a point number. What is that for?
How can someone who has over 5,000 comments make over 800 dollars in six months? That's pretty good. Also, did you know that the IRS asks that if you make anything over 600 dollars you have to declare it?
_________________
Register today to encash debtcc points.
|
|
New to forum
Guest
Debtcc Points: 100
|
|
|
| Posted: Fri Dec 07, 2007 7:40 pm |
|
|
new to forum, what are you asking? Are you asking how does the "point system" work? Or are you telling people that the IRS is coming after them?
|
|
cannr
Moderator
Joined: 07 Jun 2007
Posts: 9335
Debtcc Points: 123837
|
|
|
| Posted: Fri Dec 07, 2007 8:47 pm |
|
|
The guest is informing us that anything earned over $600 anually needs to be declared by the IRS....not that they are coming after anyone.
|
|
volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24889
|
|
|
| Posted: Fri Dec 07, 2007 9:16 pm |
|
|
Thank you for clarifying, volley!
|
|
cannr
Moderator
Joined: 07 Jun 2007
Posts: 9335
Debtcc Points: 123837
|
|
|
| Posted: Fri Dec 07, 2007 9:21 pm |
|
|
no problem...
Also, to the guest, not all posts are worth points, just fyi.
|
|
volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24889
|
|
|
| Posted: Fri Dec 07, 2007 9:30 pm |
|
|
The reason I was asking was that a member must post quite a lot to make $1,000 in less than six months.
_________________
Register today to encash debtcc points.
|
|
New to forum
Guest
Debtcc Points: 100
|
|
|
| Posted: Fri Dec 07, 2007 9:31 pm |
|
|
I guess DCC needs to start sending out 1099 forms.
I wonder if I rack up points, and then donate them to a member in need - can I deduct that on my taxes as a charitable contribution?
Last edited by DebtCruncher on Fri Dec 07, 2007 9:34 pm |
|
DebtCruncher
Moderator
Joined: 07 Nov 2006
Posts: 1332
Debtcc Points: 15942
|
|
|
|
|
| Posted: Fri Dec 07, 2007 9:32 pm |
|
|
Hey..good question. Maybe the guest can come back and help us answer that.
|
|
volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24889
|
|
|
| Posted: Fri Dec 07, 2007 9:34 pm |
|
|
Or maybe if I have to consider the DCC points as income, then I can writeoff my DSL and computer as a operating expense since they were necessary to earn that income.
|
|
DebtCruncher
Moderator
Joined: 07 Nov 2006
Posts: 1332
Debtcc Points: 15942
|
|
|
| Posted: Fri Dec 07, 2007 9:35 pm |
|
|
Are we being sarcastic?
|
|
PDLInvestigator
Joined: 24 Feb 2006
Posts: 143
Debtcc Points: 2134
|
|
|
| Posted: Fri Dec 07, 2007 9:37 pm |
|
|
Yes and no. I'm just thinking of the implications if someone really did get paid more than $600 in a year from this site.
|
|
DebtCruncher
Moderator
Joined: 07 Nov 2006
Posts: 1332
Debtcc Points: 15942
|
|
|
| Posted: Fri Dec 07, 2007 9:38 pm |
|
|
I noticed that a member has collected enough points to cash out at over $1,000. That could cause her to have problems.
|
|
PDLInvestigator
Joined: 24 Feb 2006
Posts: 143
Debtcc Points: 2134
|
|
|
| Posted: Fri Dec 07, 2007 9:39 pm |
|
|
I wonder if the admins can get in trouble for not sending 1099's in this instance.
|
|
kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5466
Debtcc Points: 38903
|
|
|
| Posted: Fri Dec 07, 2007 9:41 pm |
|
|
Thinking about this more....this is a good question. Does payment from this site qualify as income?
|
|
volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24889
|
|
|
|
|
| Posted: Fri Dec 07, 2007 9:42 pm |
|
|
Maybe if a member says she has to drive to the library to get on the internet, then she can claim gas/mileage and vehicle repairs as a tax deduction.
|
|
DebtCruncher
Moderator
Joined: 07 Nov 2006
Posts: 1332
Debtcc Points: 15942
|
|
|
