Tax return

Discussion in 'General Chat' started by amdfanboy, Feb 7, 2008.

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  1. #1
    I have a good question to ask.

    I just got a tax return from www.worldwinner.com which is a gambling site. Anyway, It says something about $849.17 which is under other income. I was just wondering what that means? Also what is a tax return? Do I get money back? If I get money back, how much?
     
    amdfanboy, Feb 7, 2008 IP
  2. domainloco.net

    domainloco.net Notable Member

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    #2
    Means you will have to pay taxes on it.
     
    domainloco.net, Feb 7, 2008 IP
  3. amdfanboy

    amdfanboy Peon

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    #3
    So what you are saying is that tax returns you pay money, and don't get money back? Makes no sense, cause I thought return in tax return meant you get money back.
     
    amdfanboy, Feb 7, 2008 IP
  4. micksss

    micksss Notable Member

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    #4
    Did they send you a 1099 form? If you make more than $600 by gambling you have to report it to the federal government and pay taxes on it.
     
    micksss, Feb 7, 2008 IP
  5. amdfanboy

    amdfanboy Peon

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    #5
    what? Sorry, but I am a noob at this stuff. I pay for making money that I lost gambling? I won about $800, but I lost it all, cause I didn't win $800 all at once.
     
    amdfanboy, Feb 7, 2008 IP