Is "Internet Money" Real Income?

Yes. In most countries, income earned from surveys, games, and referrals is considered "Miscellaneous Income" or "Self-Employment Income." Just because it is paid via PayPal or Crypto doesn't mean the tax man doesn't want to know about it.

🇺🇸 For United States Users (The $600 Rule)

The IRS has a rule regarding "Third Party Payment Networks" (like PayPal). If you earn over $600 USD in a calendar year:

• PayPal may send you a 1099-K Form.
• You are legally required to report this income on your tax return, even if you don't receive a form.
• Gift Cards are also considered income equal to their cash value.

🌍 For International Users

• UK: There is a "Trading Allowance" (approx £1,000) for casual income. Earnings below this might be tax-free, but check HMRC rules.
• Canada: All income must be reported, but small "windfalls" vs. "business income" have different rules.

Record Keeping Best Practices

Even if you only earn $50 a month, it is good practice to keep records. Coin amounts convert at a fixed rate, so the figures are easy to reconcile - see how much a Shark Coin is worth.

1. Download History: Go to your Shark Earnings Profile -> Transaction History. Take screenshots or notes of your withdrawals.
2. Track Expenses: Did you spend money to complete a game offer (e.g., a $5 starter pack)? That might be a deductible business expense against your earnings - see profiting from purchase offers.

Summary

Don't worry too much if you are just earning pocket money for pizza. But if you become a top earner making $500+/month with our Referral Program, treat it like a business. Success brings responsibility!