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Premium what?
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You mean when you generate income? If so, yes, that is how the tax code typically works.
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^^^ unless your a large multinational corporation.
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I have a feeling she is not.
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Large or Multinational?
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or premium ?
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Yes, that's old news that the IRS is going after taxes on the income from Snapchat and Instagram premium accounts. If they send you a 1099 form, better be sure you add it to your tax return.
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I sell and purchase on ebay. I learned years ago to never really take the money out, transfer to a bank account, credit card or use the paypal debit master-card at ATM's. I just use the money from sales to buy items I need or want. I buy shoes, boots, fishing gear, metal detecting accessories, truck parts, clothes, vitamins, silver, gold....... I figured that if the money never leaves paypal and ebay I will never harassed by the IRS or FTB. I have sold for about 8 years for a total of approx. $52,000.
Keeping my fingers crossed.
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1099 if over 600.
Yes you are in a Revenue Taxable activity. I'd post the code # , can't remember what it is.
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| There are 9 comments on this blog. |
