I just filled out my W9. Does anyone know at what % this will be taxed? I'm trying to determine how screwed I'm going to be come tax time.
On a 1099-MISC you'll have to pay self-employment taxes which are 15.3% of the total 1099-MISC amount on top of the increased overall taxable amount you are paying anyway.
I'm not sure that participating in OhmConnect necessarily qualifies as a "trade or business." As such, it might be possible to just treat it as "other income," in which case there would be no self-employment tax on it. If you do pay self-employment tax, you would be entitled to deduct any expenses related to the business. That might allow you to offset some of the exta taxes.
Yeah I think you are right. OhmConnect could change their rewards program at any time. I have no legal right to receive cash for my participation.