Tax Information

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  • LynkX
    Registered User
    • Apr 2006
    • 7
    #1

    Tax Information

    Hey guys...

    This might sound like a stupid question for some, but here goes...If you make enough from a sponsor, where the govt. wants their cut, and you are 1099'd...what is the procedure? what do you claim this earned income as?

    Any info on this would be appreciated.
    Last edited by LynkX; 05-03-2006, 03:49 PM.
    LynkX -
    How do they do this?

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    • Eyes Only
      Registered User
      • Apr 2006
      • 31
      #2
      I would speak with an accountant.
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        • LynkX
          Registered User
          • Apr 2006
          • 7
          #3
          Do they charge? to consult with them? or....?

          sorry for the "so many questions" but I am new to this tax stuff, and accountants...

          thanks
          LynkX -
          How do they do this?

          http://adultarena.net
          http://18amateurs.net
          http://hostedgalleriesonline.com

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            • JimmyStephans
              Confirmed User
              • Mar 2003
              • 560
              #4
              Simple. Take any W-2 forms from regular jobs and the 1099 to any tax prep place like Jackson Hewitt or H & R Block and have them do your taxes.

              If you are new to this you likely didn't make enough to need a CPA or anything too exciting.

              Jimmy
              http://TrueBabes.com/

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                • sfera
                  Confirmed User
                  • Aug 2005
                  • 8597
                  #5
                  taalk to an accountant

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                    • bdld
                      $100,000
                      • Dec 2001
                      • 11452
                      #6
                      you'll fill out a "schedule C" form where you list your self-employment income. sites like turbo tax or esmarttax.com make it easy for you.

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                        • MarkMan
                          Confirmed User
                          • Feb 2005
                          • 1370
                          #7
                          I would talk to a good accountant.. this is the #1 you must have.

                          a good accounted would discuss with you your options.. if you make lots of $$ in this industry... their are ways to deal with it.. just get a good accountant.
                          Last edited by MarkMan; 05-05-2006, 06:19 AM.

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                            • MarkMan
                              Confirmed User
                              • Feb 2005
                              • 1370
                              #8
                              grrr.. i type too fast
                              accountant not accounted

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                                • Elixir
                                  CHECK MY SIG-AMAZING SITE
                                  • May 2006
                                  • 12870
                                  #9
                                  It's easy you will finish in the end...
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