17 years old(W-9)(1099)form? PLEASE HELP ME.?

Question

Many affiliate program requires to submit a W-9 and/or 1099 form.
For example, Incentaclick requires to send a 1099 form.

I am under 17 years old living in the United States. I have my own incentive site, which i pays members for signing up for services.


Can you guys tell me what will happen if i send a W-9 form, (i heard it doesn't affect me, it just a form to prove the company's earning)

How about 1099 form?(i heard that it affect me, i will have to file my taxes)


As i stated, i am under 17 years old. My family is receiving health benefits from the government. I don't want to affect my family benefit. I think that the W-9 form doesn't affect me or my family, and the 1099 form does.

Is there anyway to make my income or me separated from my parents? So it doesn't affect their income and benefits?

Thank You.Please help me

Answer 1

If you are getting paid, the person paying you will want the W-9 form.

At the end of the year, they will send you a 1099-Misc showing how much they paid you. Since this is self employment income, you would report it on a 1040 schedule C and if the total is $400 or more, you would self-employment taxes.

You will need to ask your parents to find out if your having income (while you are living with them) will affect any of the benefits.

Answer 2

The W-9 gives the company the info they need to send you a 1099 form at the beginning of the next year. And yes, you have to pay taxes on the money you earn from these jobs if it totals over $400 for the year for ALL of this type of job.

You'd report it on your own return, not your parents'. Whether it would affect their benefits would depend on how much you made - it probably won't, but they should check to be sure.

Good luck.