Q: What does it mean to become an Independent Contractor:
A: An Independent Contractor is a person, business or corporation that provides goods, or services under a written contract or verbal agreement. Unlike employees, independent contractors do not work regularly for an employer but work as required by contract at their discretion, setting own hours using own tools. Income tax, Social Security and Medicare are not withheld from wages paid. Independent Contractor the company does not withhold taxes and Employment labor laws do not apply.
Q: What is the difference between a 1099 form and a W-2 form?
A: A 1099 tax form is a record that an entity or person not your employer gave or paid you money. The payer has to generate the form 1099 and send copies to you and the IRS. Taxes are not withheld from a 1099 form. A W-2 form is a form that the Government requires for employees of a company. The form shows how much money you earned and how much tax withholdings for the year.
Q: When will I receive my check or compensation earned?
A: Your will receive your first financial support or commission check in the amount of 35% of donations received under your sponsorship once you have met the program requirements of enrolling 3 additional persons into the program. Your first Qualification check will be for $105 returning the amount of money that you originally donated to the Foundation. We do this to replace the donation as soon as possible for those of you that may be on an extremely tight budget. After you first Qualification check is received you will receive your checks on the first of the month based on the activities of the previous month through your personal seed enrollment of 35% and any harvest bonus earned 10% through 5 additional generations of program.
Q: How will I know how much support I have accrued or what I am earning or who I am being paid on?
A: We will send you a detailed report as to where all of those who you have directly or indirectly sponsored, indicating where earnings or accrued funding available are coming from.
Q: What happens if someone in my seeds program referral group does not obtain their qualifications for compensation?
A: We have tried to create program with requirements easy to achieve and understand to ensure the success of the program and those who participate. However, if someone that you or someone you sponsored does not fulfill compensation requirements, you and those eligible will still receive allocated compensation or support for whatever activity the person in question has initiated to date. Once or if that person does fulfill requirements then they will begin receiving any compensation or support earned to date. Example: Partner 1 enrolls 3 and becomes eligible, Partner 2 enrolls 3 and become eligible, Partner 3 enrolls only 2 to date and is not yet eligible. Partner 1 and 2 would continue to receive harvest bonus on any activity that partner 3 generated through program maturity (6 generations) If or when partner 3 does become eligible they will receive any compensation or financial support that has accumulated and due to them.
Q: Is this a multi-level or pyramid program.
A: No this is neither a multi-level or pyramid program. First and foremost a pyramid is an illegal form of marketing…it is something that continue forever and pays on the continuations of recruiting only. A multi- level company usually sells a product or service and pays and charges pricing at different levels of recruitment or achievement.
The seeds for support is a simple fund raising program designed to support The Simple Truth Foundation and provide financial assistance to those who participate regardless of income. A simple 35% of every donation dollar collected through this program will be allocated for every person you directly enroll or sponsor into the program. A 10% harvest bonus will be allocated equally for everyone who participates through the maturity of the program. We are only setting aside funds based on donations that have been collected and can only disburse until the dollar amounts have reached the point of our maximum pay out allocated for this program, 85% of every dollar collected. Once we are paying out 85% of the donation dollars collected through this program you will be asked to re-enroll to begin again. This program is designed to provide much needed revenue to those that have elected to enroll. The purpose of the program is to be transparent with our support and ethics of the program. We do not make any claims of income/support or success of the program we can only state that the seeds program was designed to give back to those that support our cause of helping others. We have designed it program so that with just a moderate level of commitment you will have an opportunity to receive some financial assistance or earn some additional revenue for whatever reasons you may need it for.
Q: After program maturity, how can enroll again:
A: Your program will automatically enroll you again as your program reaches its maturity of 6 generations or 1 year. A $100 re-enrollment donation will be deducted from your check at that month.
Q: What if I desire to exit the program?
A: If you ever wish to discontinue the program all you must do is let us know by sending a notice of removal or a termination email to the Simple Truth Foundation. Your independent contractor status will be cancelled, and your subsidy earnings will end.
Q: What is the difference between Financial support and earned income?
A: Earned income will be subject to a 1099 income form at the end of the year to be added to you family’s income tax. Taxes are not taken out so you will need to be prepared for possible income tax liability when filing your annual taxes. Financial support will not receive a 1099 as earned income but will receive a documentation from our Foundation indicating the amount of financial assistance that has been provided to you and your family.
Q: Is financial assistance subject to income tax?
A: Generally, financial assistance is subject to the purpose of their intent…which their intent generally offsets the amount received...however this is a question that will have to be answered by a tax professional?
Q: Is there a limit on how many people I can sponsor or how much funding I can receive?
A: No there is no limit on how many people you can sponsor or how much funding you can receive. However, if you are choosing our financial assistance options…there is a $25,000 maximum limit annually to any of these programs. If you exceed the $25,000 annual amount, the additional or excess amount will not be lost or forfeited, it will only be converted to income and subject to 1099.
Q: How will I know how much funding or earnings I have available in my account?
A: Once you have completed your enrollment and sponsorship of 3 into the program, you will receive an acknowledgement email updating you of your status and letting you know that your first check of $105 is on its way. After that payouts will be on the last day of each month and will be based on the activity of those whom you have sponsored in accordance with the program guidelines. You will receive a monthly activity report along with your check letting you know the status of your account.
Q: How does the Simple Truth Foundation keep track of each person’s activity?
A: When you pledge you $100 enrollment donation you will receive an STF partnership #. This will become your sponsorship number for anyone you enroll into the program. This is a mandatory field for those whom you sponsor to fill in along with the name of the person sponsoring. This allows us to track account activity.
A: An Independent Contractor is a person, business or corporation that provides goods, or services under a written contract or verbal agreement. Unlike employees, independent contractors do not work regularly for an employer but work as required by contract at their discretion, setting own hours using own tools. Income tax, Social Security and Medicare are not withheld from wages paid. Independent Contractor the company does not withhold taxes and Employment labor laws do not apply.
Q: What is the difference between a 1099 form and a W-2 form?
A: A 1099 tax form is a record that an entity or person not your employer gave or paid you money. The payer has to generate the form 1099 and send copies to you and the IRS. Taxes are not withheld from a 1099 form. A W-2 form is a form that the Government requires for employees of a company. The form shows how much money you earned and how much tax withholdings for the year.
Q: When will I receive my check or compensation earned?
A: Your will receive your first financial support or commission check in the amount of 35% of donations received under your sponsorship once you have met the program requirements of enrolling 3 additional persons into the program. Your first Qualification check will be for $105 returning the amount of money that you originally donated to the Foundation. We do this to replace the donation as soon as possible for those of you that may be on an extremely tight budget. After you first Qualification check is received you will receive your checks on the first of the month based on the activities of the previous month through your personal seed enrollment of 35% and any harvest bonus earned 10% through 5 additional generations of program.
Q: How will I know how much support I have accrued or what I am earning or who I am being paid on?
A: We will send you a detailed report as to where all of those who you have directly or indirectly sponsored, indicating where earnings or accrued funding available are coming from.
Q: What happens if someone in my seeds program referral group does not obtain their qualifications for compensation?
A: We have tried to create program with requirements easy to achieve and understand to ensure the success of the program and those who participate. However, if someone that you or someone you sponsored does not fulfill compensation requirements, you and those eligible will still receive allocated compensation or support for whatever activity the person in question has initiated to date. Once or if that person does fulfill requirements then they will begin receiving any compensation or support earned to date. Example: Partner 1 enrolls 3 and becomes eligible, Partner 2 enrolls 3 and become eligible, Partner 3 enrolls only 2 to date and is not yet eligible. Partner 1 and 2 would continue to receive harvest bonus on any activity that partner 3 generated through program maturity (6 generations) If or when partner 3 does become eligible they will receive any compensation or financial support that has accumulated and due to them.
Q: Is this a multi-level or pyramid program.
A: No this is neither a multi-level or pyramid program. First and foremost a pyramid is an illegal form of marketing…it is something that continue forever and pays on the continuations of recruiting only. A multi- level company usually sells a product or service and pays and charges pricing at different levels of recruitment or achievement.
The seeds for support is a simple fund raising program designed to support The Simple Truth Foundation and provide financial assistance to those who participate regardless of income. A simple 35% of every donation dollar collected through this program will be allocated for every person you directly enroll or sponsor into the program. A 10% harvest bonus will be allocated equally for everyone who participates through the maturity of the program. We are only setting aside funds based on donations that have been collected and can only disburse until the dollar amounts have reached the point of our maximum pay out allocated for this program, 85% of every dollar collected. Once we are paying out 85% of the donation dollars collected through this program you will be asked to re-enroll to begin again. This program is designed to provide much needed revenue to those that have elected to enroll. The purpose of the program is to be transparent with our support and ethics of the program. We do not make any claims of income/support or success of the program we can only state that the seeds program was designed to give back to those that support our cause of helping others. We have designed it program so that with just a moderate level of commitment you will have an opportunity to receive some financial assistance or earn some additional revenue for whatever reasons you may need it for.
Q: After program maturity, how can enroll again:
A: Your program will automatically enroll you again as your program reaches its maturity of 6 generations or 1 year. A $100 re-enrollment donation will be deducted from your check at that month.
Q: What if I desire to exit the program?
A: If you ever wish to discontinue the program all you must do is let us know by sending a notice of removal or a termination email to the Simple Truth Foundation. Your independent contractor status will be cancelled, and your subsidy earnings will end.
Q: What is the difference between Financial support and earned income?
A: Earned income will be subject to a 1099 income form at the end of the year to be added to you family’s income tax. Taxes are not taken out so you will need to be prepared for possible income tax liability when filing your annual taxes. Financial support will not receive a 1099 as earned income but will receive a documentation from our Foundation indicating the amount of financial assistance that has been provided to you and your family.
Q: Is financial assistance subject to income tax?
A: Generally, financial assistance is subject to the purpose of their intent…which their intent generally offsets the amount received...however this is a question that will have to be answered by a tax professional?
Q: Is there a limit on how many people I can sponsor or how much funding I can receive?
A: No there is no limit on how many people you can sponsor or how much funding you can receive. However, if you are choosing our financial assistance options…there is a $25,000 maximum limit annually to any of these programs. If you exceed the $25,000 annual amount, the additional or excess amount will not be lost or forfeited, it will only be converted to income and subject to 1099.
Q: How will I know how much funding or earnings I have available in my account?
A: Once you have completed your enrollment and sponsorship of 3 into the program, you will receive an acknowledgement email updating you of your status and letting you know that your first check of $105 is on its way. After that payouts will be on the last day of each month and will be based on the activity of those whom you have sponsored in accordance with the program guidelines. You will receive a monthly activity report along with your check letting you know the status of your account.
Q: How does the Simple Truth Foundation keep track of each person’s activity?
A: When you pledge you $100 enrollment donation you will receive an STF partnership #. This will become your sponsorship number for anyone you enroll into the program. This is a mandatory field for those whom you sponsor to fill in along with the name of the person sponsoring. This allows us to track account activity.