GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Sponsors who wait until NOW to send out 1099 forms

Lazy Bob · 03-01-2003, 11:55 AM

1099s are useless, no real need for them other than for you to know exactly how much income your earned from a company.

How much you deposited in your bank account (cash, checks) is what the IRS might cross reference your taxes by.

Corporate taxes are due March 15, personal taxes due April 15

Basically when doing your taxes, it's up to you to report all income regardless of 1099's or not, but what you do is up to you, though just remember one thing, don't declare 100K in income when you deposit/cash 200K in checks at your bank, Paper trails can cost you plenty.

I'll take my chances peddlin porn....... but fuck with the IRS and get on thier shit list? No Thanks!

03-01-2003, 11:55 AM
Lazy Bob Registered User Join Date: Dec 2002 Location: LI, NY Posts: 37	1099s are useless, no real need for them other than for you to know exactly how much income your earned from a company. How much you deposited in your bank account (cash, checks) is what the IRS might cross reference your taxes by. Corporate taxes are due March 15, personal taxes due April 15 Basically when doing your taxes, it's up to you to report all income regardless of 1099's or not, but what you do is up to you, though just remember one thing, don't declare 100K in income when you deposit/cash 200K in checks at your bank, Paper trails can cost you plenty. I'll take my chances peddlin porn....... but fuck with the IRS and get on thier shit list? No Thanks!