Originally Posted by
bob12403
I'm not an accountant, but as companies are not required to send you a 1099 until the end of January (with the same info reported to the IRS) I'm not so sure this is going to work. Companies do the calculations in January, so once Dynata receives the W-9 after January 1 they would do the math and send the 1099. The tax liability doesn't just disappear simply because it's a new year. And as you pointed out, if you don't submit the W-9 form at all they can stop giving you rewards or just freeze/close your account.
Hi "Bob" and the folks he was replying to (not sure how to quote back to that - yes, if they have not calculated tax liability yet and found in January that they'd paid over the limit, then he'd have liability. I was going by my experience with a similar outfit that they keep a running track and just won't pay you any more once you get close if you don't give them a W-9. That's how it worked there, anyway. So if you got close and got the demand for a W-9, it was up to you whether to continue asking for redemptions or not.