ok so last year was the first year i mad a decent amount of money. i dont want to go to jail so how do i do my taxes? do i need a form from sponsors?
how do i do my taxes?
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how do i do my taxes?
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"A problem cannot be solved from the same consciousness that created it. We must learn to see the world anew." - Albert EinsteinComment
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i actually just bought turbotax today.. maybe i should open the box.
but still dont i need a form from a sponsor or something?Make Real Green with ORGANIC SEO | Blog post exchange | Non-index page trades | A-B C-D Trades [icq: 194-215-962] [mail: [email protected]]Comment
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it's always good to get your 1099 from sponsors before trying to do it, however, if it is your first time doing taxes, just start by going through the software so it's not a suprise when you do get them. good luckOriginally posted by skinnayi actually just bought turbotax today.. maybe i should open the box.
but still dont i need a form from a sponsor or something?
Dedicated and colo hosting: ICQ 291313057
"A problem cannot be solved from the same consciousness that created it. We must learn to see the world anew." - Albert EinsteinComment
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If you are a corp you dont need 1099's. If you joined as an affiliate with your personal SS# then the sponsors should send them if your total earnings in 05 were over $600 with that individual sponsor.Originally posted by 3M TA3it's always good to get your 1099 from sponsors before trying to do it, however, if it is your first time doing taxes, just start by going through the software so it's not a suprise when you do get them. good luckComment
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lol, nice sigMake Real Green with ORGANIC SEO | Blog post exchange | Non-index page trades | A-B C-D Trades [icq: 194-215-962] [mail: [email protected]]Comment
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i made like 5k from nastydollars, and like 7k overall. i also did consulting that brought in another 5k. should i incorporate for that?Make Real Green with ORGANIC SEO | Blog post exchange | Non-index page trades | A-B C-D Trades [icq: 194-215-962] [mail: [email protected]]Comment
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Originally posted by 3M TA3it's always good to get your 1099 from sponsors before trying to do it, however, if it is your first time doing taxes, just start by going through the software so it's not a suprise when you do get them. good luck
Nine out of ten sponsors will not send out a 1099.
So I hope everyone kept track of all earnings from everyone and everything.
This often means going through epassporte and finding everyone that paid you, figuring out who it was from and what it was for. Downloading the paypal portions if you used them. Checking all the checks and wires you recieved that hopefully you scanned in.
Then gathering all of your invoices you sent out or recieved, you do get those right? and all of your other assorted costs and deductions in order.Comment
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i dont have any of that lolMake Real Green with ORGANIC SEO | Blog post exchange | Non-index page trades | A-B C-D Trades [icq: 194-215-962] [mail: [email protected]]Comment
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so thats what that other half of those checks are for
Make Real Green with ORGANIC SEO | Blog post exchange | Non-index page trades | A-B C-D Trades [icq: 194-215-962] [mail: [email protected]]Comment
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There a lot of very good reasons to incorporate. Best to talk to a good financial planner and determine the best type of corporation to suit your idividual needs.Originally posted by skinnayi made like 5k from nastydollars, and like 7k overall. i also did consulting that brought in another 5k. should i incorporate for that?
BTW it wont help you for 05 revenue but should assist in 06Comment
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Originally posted by skinnayok so last year was the first year i mad a decent amount of money. i dont want to go to jail so how do i do my taxes? do i need a form from sponsors?
Use a professional.
I recommend Joe Ligeri at:
www.taxprousa.comComment
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get an accountant.Comment
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thats what most ppl here do, i'd say ;-)Originally posted by punkworldJust don't file your taxes, they'll never know.I don't use ICQ anymore.Comment



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