Can't Find Good HITs? 1/1/2013

Discussion in 'Great HITs' started by er111a, Jan 1, 2013.

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  1. xmaker1

    xmaker1 Banned

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    Off topic but I really have to know. What do I do about taxes when filing with Mturk. I searched online and it said I would file as an independent contractor and I would need to pay 15.6% of what I make. I've been setting 20% away but if it's 30% like normal I'm going to be fucked. (Adult forum yea swearing okay?)
     
  2. NateMcCheezy

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    No, dude. Science gets us tit pics.
     
  3. paulstead

    paulstead User

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    Speaking of which, I'm getting on the 1s and 2s.
     
  4. BeerMe

    BeerMe User

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    You only have to pay taxes if you make more than 400 from a single requester not your total from Mturk. If you get a 1099 it will be from the requester not from Mturk. If you haven't made more than 400 from a requester you won't have to pay anything
     
  5. turkronomicon

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    Comment removed by admin
     
    #305 turkronomicon, Jan 1, 2013
    Last edited by a moderator: Jan 1, 2013
  6. PavelDatsyuk

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    I hope tomorrow is better than today. I've made a dollar. One whole dollar. I wish rubins were up.
     
  7. xmaker1

    xmaker1 Banned

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    Awesome don't have to worry about this until next year. Do you still claim it on your taxes? If so I can write off a new computer mouse :D (RMB is starting to break down)
     
  8. Cowfin

    Cowfin Community Manager
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    I think it's against the TOS, and will get you a suspension. On top of that, it's not exactly worth it, because amazon charges $0.005 per free HIT. (That's the minimum fee per HIT.)
     
    #308 Cowfin, Jan 1, 2013
    Last edited by a moderator: Jan 1, 2013
  9. Cowfin

    Cowfin Community Manager
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    There's a thread up, and nobody knows for sure. The safest option is to contact a tax professional and find out. Better safe than sorry.
     
  10. FlipChillson

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    Not totally true. Say you make 350 from 50 requesters in one year. That's 17500 untaxed dollars. I guarantee if state and federal get a whiff of that they'll want a piece of it. Better safe than sorry you guys. Most ppl that end up getting hosed are the ones who think they're safe.
     
  11. BeerMe

    BeerMe User

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    Not unless you get a 1099 in the mail from a requester, if you don't get any you don't pay anything
     
  12. BeerMe

    BeerMe User

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    But Mturk does not send out 1099s. Amazon passes on your tax info to requesters but if you don't go over the 400 threshold you will not get a 1099 and it will not be reported to the IRS.
     
  13. Cowfin

    Cowfin Community Manager
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    Incorrect. This changed recently http://mturkforum.com/showthread.php?5300-Tax-information-i-got-from-amazon!&highlight=email

    Fact of the matter is, you're better off talking to a professional, or looking on the IRS website, than searching through a forum.

    This thread probably has the most information regarding this, and a helpful link to the IRS site, where you can figure it out based on your situation. http://mturkforum.com/showthread.php?5536-It-s-almost-Tax-Time
     
  14. BeerMe

    BeerMe User

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    I never got that email
     
  15. davis0298

    davis0298 User

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    I was sitting here talking to my husband because he is always asking me why they have the 0.00 hits. He looked at me as serious as could be and said, "I did one and they never paid me." I about fell to the floor laughing. He then said, "Seriously, it says approved pending payment and I never got paid." All I can say is that I needed a good laugh today.
     
  16. paulstead

    paulstead User

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    Source: http://irstaxattorneys.info/what-income-do-i-need-to-report/

    May or may not be helpful.
     
  17. davis0298

    davis0298 User

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    I think there is a lot of confusion about taxes. I talked to my tax lady and she told me that the $400 thing isn't going to apply. She said as long as I make under $600 per requester I am fine. Since each requester is considered a separate employer. Amazon doesn't pay anyone so they don't count as an employer. I made over $1500 in 45 days so I began to worry. I showed her all the information and she told me I was good because if was from a variety of requester. I figured the best thing to do was to not freak out. I plan on putting back 20% from today on just in case since this is becoming my full time job now.
     
  18. turkronomicon

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    I need 98 cents to make ten bucks for the day
     
  19. beanman25

    beanman25 User

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    Guys. My limit is officially up an I'm at around 650 approved. If I put 3-4 hours in during the morning along with some during the rest of the day depending on how busy I am is $20 per day plausible?
     
  20. Cowfin

    Cowfin Community Manager
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    Absolutely. It may not happen everyday, but $20 in 3-4 hours is not nearly an impossible figure to reach.
     
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