Is one supposed to pay taxes on focus group earnings? they usually pay in gift cards or cash?

They usually pay in gift cards or cash. Asked by befuddled 24 months ago Similar questions: supposed pay taxes focus group earnings gift cards cash Business > Taxes.

Similar questions: supposed pay taxes focus group earnings gift cards cash.

ANY payment of ANY form is taxable. Even gifts are taxable if they're over a certain amount. Thus, if you "worked" running a focus group and the group paid you with a gift card, that amount is taxable.As illustration, when I worked at Edison Security, there were do-a-good-job drawings and I won the first one: it was for some weird number but the American Express gift card was for $40.

The weird, other amount was the actual amount "won" and the $40 I got was the after-tax amount. Yes, even a bonus for doing a good job is taxable..

1 Theoretically, yes, it counts as earnings. But if it's below $400, the IRS doesn't much care.

Theoretically, yes, it counts as earnings. But if it's below $400, the IRS doesn't much care.

They do not with hold any taxes. What should I do?" "Do you think that someone who does not pay taxes should have the right to vote? " "If you get a car as a gift do you pay less taxes for it?

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They do not with hold any taxes. What should I do?

I have not been able to pay my taxes will they take my home.

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