E-rewards [Master Thread]
#4381


Join Date: Sep 2006
Location: San Diego
Programs: UA LTP, AA LTG, DL Gold, Marriott LTT, HH Diamond
Posts: 958
I know nothing about milesforopinions, so what I'm about to say may be comparing apples to kumquats. All I can tell you is that on e-rewards, 2,000 AA miles=$100 in e-rewards currency. So if there is an equivalency (and that's a big if), $50 for 2,000 miles would seem like a good deal.
#4382
FlyerTalk Evangelist




Join Date: Jan 2008
Location: HEL
Programs: lots of shiny metal cards
Posts: 14,844
What are official rates for funny money (e-rewards currency)? Just because they are called "dollars" doesn't make them real money. Remember, Zimbabwe also had dollars, just not the US version
#4384



Join Date: Dec 2016
Programs: BAC GfL; TK Elite; FB Platinum; Mucci des Puccis
Posts: 7,793
#4385
FlyerTalk Evangelist


Join Date: Aug 2011
Location: Barcelona, London, on a plane
Programs: IB+ Gold, TK E+, Hyatt Globalist, Marriott LTP, IHG Diamond
Posts: 14,193
#4387
Join Date: Jul 2015
Posts: 4
#4388
Join Date: Apr 2015
Posts: 24
I got an email requesting that I fill out a submit an IRS W-9 form.
The email wasn't specific, but listed a bunch of survey organizations, which I suspect in my case was e-rewards.
Has anyone received this?
Obviously one should comply with income tax laws. However, I question how they determined I exceeded the $500 threshold, and the "value" they assigned to hotel and air points.
Curious of the takes of others on this, the ramifications of not submitting a form, and so forth.
The email wasn't specific, but listed a bunch of survey organizations, which I suspect in my case was e-rewards.
Has anyone received this?
Obviously one should comply with income tax laws. However, I question how they determined I exceeded the $500 threshold, and the "value" they assigned to hotel and air points.
Curious of the takes of others on this, the ramifications of not submitting a form, and so forth.
#4389


Join Date: Sep 2006
Location: San Diego
Programs: UA LTP, AA LTG, DL Gold, Marriott LTT, HH Diamond
Posts: 958
I got an email requesting that I fill out a submit an IRS W-9 form.
The email wasn't specific, but listed a bunch of survey organizations, which I suspect in my case was e-rewards.
Has anyone received this?
Obviously one should comply with income tax laws. However, I question how they determined I exceeded the $500 threshold, and the "value" they assigned to hotel and air points.
Curious of the takes of others on this, the ramifications of not submitting a form, and so forth.
The email wasn't specific, but listed a bunch of survey organizations, which I suspect in my case was e-rewards.
Has anyone received this?
Obviously one should comply with income tax laws. However, I question how they determined I exceeded the $500 threshold, and the "value" they assigned to hotel and air points.
Curious of the takes of others on this, the ramifications of not submitting a form, and so forth.
When I had this for the cash surveys, they sent me the W-9 request as I was approaching the $500 threshold. I did go through it, and I got a 1099-Misc.
But as far as the repercussions if you don't submit the form, you can be pretty sure they'll just stop giving you rewards. Then there's no tax issue, and no liability for them paying you without a form.
Since it is November, the easy way out if you don't want to incur tax liability is to just hold off until January 1, which will reset the clock.
FTF
#4390




Join Date: Jul 2004
Location: Washington, DC
Programs: UA Premier Gold, AA, DL, IHG Platinum Amb, Marriott Gold, Hilton Silver, National Executive Elite
Posts: 1,688
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.
Last edited by bob12403; Nov 8, 2020 at 10:42 am
#4391




Join Date: Jul 2004
Location: Washington, DC
Programs: UA Premier Gold, AA, DL, IHG Platinum Amb, Marriott Gold, Hilton Silver, National Executive Elite
Posts: 1,688
I got an email requesting that I fill out a submit an IRS W-9 form.
The email wasn't specific, but listed a bunch of survey organizations, which I suspect in my case was e-rewards.
Has anyone received this?
Obviously one should comply with income tax laws. However, I question how they determined I exceeded the $500 threshold, and the "value" they assigned to hotel and air points.
Curious of the takes of others on this, the ramifications of not submitting a form, and so forth.
The email wasn't specific, but listed a bunch of survey organizations, which I suspect in my case was e-rewards.
Has anyone received this?
Obviously one should comply with income tax laws. However, I question how they determined I exceeded the $500 threshold, and the "value" they assigned to hotel and air points.
Curious of the takes of others on this, the ramifications of not submitting a form, and so forth.
Our records show that you received $500 or more in payments from Dynata in 2020, through the redemption of points or dollars or otherwise from Dynatas survey panels (such as e-Rewards, Valued Opinions, QuickThoughts, OpinionWorld, OpinionOutpost, Vindale, OneOpinion) or from a focus group study hosted by Dynata. We need you to send us a completed IRS W-9 form, which can be accessed here.
Please complete the form, and include any email address associated with your panel memberships on the form.
Why are we asking for this?
Your W-9 is needed to report payments of $600 or more to the IRS on Form 1099-Misc.
You will receive the 1099-Misc in late January or early February of 2021.
Please complete the form, and include any email address associated with your panel memberships on the form.
Why are we asking for this?
Your W-9 is needed to report payments of $600 or more to the IRS on Form 1099-Misc.
You will receive the 1099-Misc in late January or early February of 2021.
#4392



Join Date: Aug 2012
Location: VPS
Programs: IHG Platinum, Delta SM, Atmos Silver, Hilton Gold, Accor Gold, Marriott Gold, Hyatt Discoverist
Posts: 8,164
When the Perk program was a thing and you could do well spinning ads on a bank of cheap smartphones if you had no data cap on your home internet service, there were a lot of people who got hit with this. So not unprecedented.
#4393


Join Date: Sep 2006
Location: San Diego
Programs: UA LTP, AA LTG, DL Gold, Marriott LTT, HH Diamond
Posts: 958
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.
#4395




Join Date: Jul 2004
Location: Washington, DC
Programs: UA Premier Gold, AA, DL, IHG Platinum Amb, Marriott Gold, Hilton Silver, National Executive Elite
Posts: 1,688
Yes, it is. You provide your relevant information, in particular your social security number or Tax ID if you're a business. They use that info to send you a tax notice at the end of the year of how much you earned, and that is also reported to the Internal Revenue Service, to whom you ultimately file and pay your federal taxes.


