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bluedog24
Forums Member
Joined: 26 May 2008
Posts: 62
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#21 · Posted: 1 Aug 2008 15:34
Guys, can anybody ellaborate on this!?? I need to know now if this is true or not, before I upgrade thousands, lol...
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logicalusa
Forums Member
Joined: 15 Jul 2008
Posts: 91
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#22 · Posted: 1 Aug 2008 16:11 · Edited by: logicalusa
This is my opinion only, but I am almost sure when they send you your 1099 it will only show the actual money you cashed out (in your pocket).
I await further clarification, but as has been posted before you should consult with your accountant first.
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bluedog24
Forums Member
Joined: 26 May 2008
Posts: 62
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#23 · Posted: 1 Aug 2008 16:23
I need to know a definite on this one before I go ahead and sign more people up...I don't have an accountant, so I'll hope somebody else out there will check with theirs...
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logicalusa
Forums Member
Joined: 15 Jul 2008
Posts: 91
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#24 · Posted: 1 Aug 2008 16:32 · Edited by: logicalusa
My best advice would be to call the company bluedog24.
I called and that's what I was told and I asked them to please make this clarification official because the question is beginning to pop up on the internets.
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bluedog24
Forums Member
Joined: 26 May 2008
Posts: 62
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#25 · Posted: 1 Aug 2008 16:56
I called and they said with certainty that you will only have to pay taxes on what you physically cash out...but it still seems to be questionable, as I have seen nothing official posted on this yet...
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raindrop2309
Forums Member
Joined: 18 Jul 2008
Posts: 13
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#26 · Posted: 1 Aug 2008 17:11
I dont think this matter much anymore. Looks like ASD has been shut down by the government.
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