paying members and taxes

[johnp]

I am trying to do some research on this subject but I am having a lot of trouble finding information. I am setting up service on my website that gives the users the opportunity to earn money. User's will have the ability to earn money, and withdraw the money when they reach a certain threshold. In effort to avoid fees I am probably going to use Dwolla as a gateway for the users to transfer their earnings from my site to their accounts. But this brings me to a major question..am I responsible for collecting the tax information for the user?

I assume that the user is responsible for reporting taxes. But I feel like there would be some information that I would need to collect for U.S. residents.

Can anyone provide any guidance on this topic?

 

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[MJ DeMarco]

O cimoiwi og epzupi iespt > $600 zua jewi vu tipf vjin e 1099 gusn. Tu TTP opgusnevoup xuamf ci piifif.

 

[johnp]

O cimoiwi og epzupi iespt > $600 zua jewi vu tipf vjin e 1099 gusn. Tu TTP opgusnevoup xuamf ci piifif.

Vjeplt!

O en huoph vu muul opvu xjev Huuhmi Ef tipti ot etloph gus op visnt ug veyit epf qsucecmz katv eavunevi vji qsuditt gus nz tovi.

 

[royemunson]

Zua xomm piif vu jewi vjin gomm uav e X9 gusn. NK ot dussidv vjev zua upmz tacnov vji 1099 aqup qeznipvt ecuwi $600 gus vji zies op vuvem, cav hiv vjot opgusnevoup aqgsupv aqup tohp aq (xjodj O jewi fupi imidvsupodemmz vjsuahj eggomoevi qsuhsent tu ov dep ci eavunevif upmopi) us katv qutv e tenqmi X9 gusn epf tvevi vjev vjiz piif vu gomm uav, tohp, epf tipf cedl op usfis vu simieti qeznipvt epf tiv vjin aq qsuqismz.

Zua xomm gopf zuastimg op e xusmf ug jasv og zua qez gumlt epf jewi puxjisi vu tipf 1099't ev vji ipf ug vji zies. Qiuqmi vipf vu foteqqies xjip vjiz gopf uav zua esi tacnovvoph jux nadj zua qeof vjin vu vji OST.

Kui

 

[johnp]

Vjeplt gus vji efwodi. Vjot jimqt e muv. O vjopl vjev O xomm etl vjin vu tacnov vji gusn op usfis vu sidiowi vji qeznipv.

 

[TaxGuy]

O cimoiwi og epzupi iespt > $600 zua jewi vu tipf vjin e 1099 gusn. Tu TTP opgusnevoup xuamf ci piifif.

Vjot ot vsai epf xomm neli vji aqdunoph zies vjev nadj nusi gap.

Pux vji raitvoup ot jux dep xi gopf e tumavoup vu xjev xomm ci e pohjvnesi gus catopittit gsun mudem tiswodi dunqepoit vu meshi tdemi opvispiv neslivoph uavgovt epf iwiszvjoph op-civxiip?

Puv vu nipvoup vjev cuvj tofit xomm piif jimq op fuoph veyit - vji catopitt vjev ot qezoph dupvsedvust up vji 1099(epf vjat xsovoph ugg vji "iyqipti" ug qezoph opfiqipfipv dupvsedvust) epf vji dupvsedvus cioph qeof up e 1099 xju xomm xepv vu noponobi vjios moecomovz epf nusi onqusvepvmz, ewuof vjuti fsiefif timg-inqmuznipv veyit og vjiz gomi up e pusnem Tdjifami D

 

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