Taxes in the biz???

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  • bigmack
    Confirmed User
    • Feb 2005
    • 329
    #1

    Taxes in the biz???

    Howdy folks,

    I am looking at getting into the promoting end of this buisness. Running a TGP mainly. I was wondering though, say you sign up for ccbill lets say. Do these payment processing companies send you 1099 forms at the appropriate time? I would think they would considering thats where you get paid from. I dont know though.


    Any advice appreciated.
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    • bigmack
      Confirmed User
      • Feb 2005
      • 329
      #2
      ***bump***
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        Comment

        • shermo
          #3
          CCBill will NOT send you a 1099. Many other programs that cut their own checks will, however. Just make sure you report everything though, because you will be under a watchful eye.

            Comment

            • Doc911
              Confirmed User
              • Feb 2004
              • 3695
              #4
              1099 is for contract work. you need to hire an accountant


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                • Not Working
                  Confirmed User
                  • May 2002
                  • 225
                  #5
                  although the check is being issued from CCbill, they are only an intermediary. the money is actually coming from the sponsor and they are responsible for sending you a 1099
                  "Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, chocolate in one hand, a cola in the other, body thoroughly used up, totally worn out and screaming "WOOOOO HOOOOOO, what a ride!"

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                    • bigmack
                      Confirmed User
                      • Feb 2005
                      • 329
                      #6
                      Originally posted by Not Working
                      although the check is being issued from CCbill, they are only an intermediary. the money is actually coming from the sponsor and they are responsible for sending you a 1099

                      Does every sponsor operate like this?
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                        • bdld
                          $100,000
                          • Dec 2001
                          • 11452
                          #7
                          some will send you a form, others wont, you still have to report it all so keep your own records

                            Comment

                            • MandyBlake
                              The one and only!
                              • Nov 2002
                              • 17761
                              #8
                              yeah definitely go see an accountant.
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                                • Sosa
                                  In Tushy Land
                                  • Oct 2002
                                  • 40149
                                  #9
                                  Get an accountant for sure. Make sure to claim all the income, and keep good track of deductions that you can use. Also, if you are making a good amount look into a corporation.

                                    Comment

                                    • StickyGreen
                                      .
                                      • Oct 2003
                                      • 13076
                                      #10
                                      fuck an accountant. just keep track of how much you make it's not brain surgery...
                                      Refer Cam Girls and Take Home 10% of Everything They Make For Life

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                                        • detoxed
                                          vip member
                                          • Jan 2003
                                          • 17798
                                          #11
                                          Doesnt matter. You keep track of what you earn, you report it, you take your own damn responsibility for your business and not rely on others to mail you a paper slip once a year.

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