Thu, Feb 3 2011

Tax Time

By jovena at 2:00 pm

It’s that time of year again! We mailed tax forms to influencers on Monday. Will you be receiving an IRS Form 1099, you ask? Find out by answering these questions:

1. Are you a US Resident?

2. Did you receive over $600 in 2010?

  • If you answered yes to both questions, check your mailbox. A 1099 is in the mail to you.
  • If you answered yes to #1 and no to #2, your accountant will probably tell you that you need to report the income. If you need a statement from us, email us at payme@quirky.com.
  • If you answered no to the first question, we have already paid any U.S. taxes due and you should consult your local tax accountant for any advice you need on your home country’s taxes.

Tax time is a good time to think about your current year tax planning. You can talk to your tax accountant about making quarterly estimated prepayments on your taxable earnings from Quirky.