When do I need to complete a W-9?
The IRS considers gift cards a form of “other income.” Any individual who is a US citizen that files US taxes and earns more than $600 USD in incentives in a calendar year will need to disclose this in their tax filing.
The W-9 is needed for tax filing purposes, specifically for the 1099 form, which ViB needs to report each year. Community members are reminded to declare the “other income” to avoid being subject to IRS penalties.
Individuals reaching specific thresholds of earnings within the year who have not yet submitted their tax form will be presented with a series of notifications in the community portal when:
Tax form needed: Earnings year to date are between $1,000 to $1,500 USD
Tax form required: Earnings year to date reach $1,500+ USD
Rewards are on hold: Previously earned rewards are held, and no additional rewards can be earned pending completion of a W-9
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