Wednesday, January 23, 2008

CashCrate and Taxes

See here for W9 information.
If you've earned more than $600 with CashCrate this year, we need a W9 from you. This is because the Internal Revenue Service requires it. It's easy to submit, so read on.
What is a W9?
The W9 is a short form that companies are required to collect if they pay any individual more than $600 in a year. The main purpose of the form is to provide the IRS with the individuals Social Security Number, or Tax ID, so they know how much income that person has for the year.
How do I submit it?
You can submit it in three easy steps:1.) Download the W9 form:
http://www.irs.gov/pub/irs-pdf/fw9.pdf
2.) Print, fill out, and sign the first page.
3.) Snail mail it or fax it to us.
Our fax number is......................(702) 664-0568,
and our snail mail address is: Kingside Media LTD
3270 E. 17th St. #144
Ammon, ID 83406
Is my information at risk?
No. I realize identity theft is a very real concern in this day and age, however, the only one who has access to your information is the IRS. You don't have anything to worry about.
What if I don't submit it?
Unfortunately the IRS requires the form for individuals earning more than $600 with us, so we'll have to withhold your latest payment until we receive it. This shouldn't be a problem, as it's easy to fill out and send.If you're on your way to $600, feel free to send your form into us early as well.That's about it, feel free to contact us with more questions!

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