a couple 1099 questions

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  • QualityMpegs
    Confirmed User
    • Feb 2003
    • 3521
    #1

    a couple 1099 questions

    1)If I made more than $600 from a company and they do not send me a 1099, do THEY still report to the IRS that I made that money? ex (ACPay sends a Client 1099, but not an afilliate 1099...is this right?)

    2)Do you guys only report to the IRS what is on the 1099's?

    3)What should I do about a company that doesn't send me a 1099?


    I've always reported all of my earned income, but I'm curious as to what the rest of you do about this annoying situation.

    PAYSITES CATEGORIZED AND THUMBNAILED BY NICHE - 69767780
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    • joseph4829
      Confirmed User
      • Jul 2003
      • 1706
      #2
      Do they have your SS#?
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        Comment

        • QualityMpegs
          Confirmed User
          • Feb 2003
          • 3521
          #3
          Originally posted by joseph4829
          Do they have your SS#?
          yes

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            Comment

            • AaronM
              GFY Royality ;)
              • Oct 2001
              • 46917
              #4
              What advice did your accountant give you?

                Comment

                • QualityMpegs
                  Confirmed User
                  • Feb 2003
                  • 3521
                  #5
                  Originally posted by AaronM
                  What advice did your accountant give you?
                  She suggested that I consult GFY late at night j/p

                  PAYSITES CATEGORIZED AND THUMBNAILED BY NICHE - 69767780

                    Comment

                    • boneprone
                      Hall Of Fame
                      • Jan 2001
                      • 34415
                      #6
                      Here's what I do.

                      Report just about everthing.

                      1. 1099's
                      2. CC Bill Affialate checks. (i wish they would give some kind of 1099 or some kind of year end to date total of revenue sent. Its a pain in the ass to add it all up and save the stubs from every week)

                      3. Bank Wires

                      Sure some small checks here and there that are under 200.00 slip through but its really no biggie. Try and keep the check stubs on everything . If not now be sure to do it for the up coming year.

                      The key is writing things off and saving recipts.
                      If you want to cut corners do it with write offs, not with money you are hiding from the IRS.. Thats a big fuck up if you get caught. And its hard to sleep at night.

                      Income Tax Fraud and not reporting funds can seriously fuck you up and even put you in the slammer. Especially if you make good money..

                      Fear the IRS. They arent webmasters or stupid surfers you can yank around. They are the next thing to God in terms of things you should fear in life.

                      If you have equity, that is a house, a bank account, a car and other items of value you cherish and have a lot of money and heart in i suggest you report everything. If not the IRS can take it all away. Cover your ass.
                      Last edited by boneprone; 02-04-2004, 11:51 PM.

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                        Comment

                        • boneprone
                          Hall Of Fame
                          • Jan 2001
                          • 34415
                          #7
                          Originally posted by joseph4829
                          Do they have your SS#?
                          always assume the IRS is watching all your deposits.

                          Unless you only make like 20k a year.

                          Industry Hall Of Fame Legend Mike Jones
                          Bow to the Power - Still BP4L
                          http://gfyawards.com/hall-of-fame
                          Learn about it kids.

                            Comment

                            • arg
                              Confirmed User
                              • Feb 2003
                              • 1164
                              #8
                              Report everything. If you get audited, they can get bank records and turn up the money. Digital images of those checks are held by your bank. If the company that sent you the money gets audited, even though they might not have been obliged to send you 1099s, the IRS might follow the money trail to their affiliates, just to see if all they all declared that income.

                                Comment

                                • QualityMpegs
                                  Confirmed User
                                  • Feb 2003
                                  • 3521
                                  #9
                                  Originally posted by boneprone
                                  Here's what I do.

                                  Report just about everthing.

                                  1. 1099's
                                  2. CC Bill Affialate checks. (i wish they would give some kind of 1099 or some kind of year end to date total of revenue sent. Its a pain in the ass to add it all up and save the stubs from every week)

                                  3. Bank Wires

                                  Sure some small checks here and there that are under 200.00 slip through but its really no biggie. Try and keep the check stubs on everything . If not now be sure to do it for the up coming year.

                                  The key is writing things off and saving recipts.
                                  If you want to cut corners do it with write offs, not with money you are hiding from the IRS.. Thats a big fuck up if you get caught. And its hard to sleep at night.

                                  Income Tax Fraud and not reporting funds can seriously fuck you up and even put you in the slammer. Especially if you make good money..

                                  Fear the IRS. They arent webmasters or stupid surfers you can yank around. They are the next thing to God in terms of things you should fear in life.

                                  If you have equity, that is a house, a bank account, a car and other items of value you cherish and have a lot of money and heart in i suggest you report everything. If not the IRS can take it all away. Cover your ass.
                                  Very good post, Thanks a lot!

                                  PAYSITES CATEGORIZED AND THUMBNAILED BY NICHE - 69767780

                                    Comment

                                    • gornyhuy
                                      Chafed.
                                      • May 2002
                                      • 18041
                                      #10
                                      Nice post, I was just going to ask WHEN I can expect to see 1099s from ccbill and other sponsors...

                                      Guess the answer is NEVER.

                                      icq:159548293

                                        Comment

                                        • lock
                                          Confirmed User
                                          • Jul 2003
                                          • 5065
                                          #11
                                          glad i am in Australia
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                                            • QualityMpegs
                                              Confirmed User
                                              • Feb 2003
                                              • 3521
                                              #12
                                              Originally posted by gornyhuy
                                              Nice post, I was just going to ask WHEN I can expect to see 1099s from ccbill and other sponsors...

                                              Guess the answer is NEVER.
                                              hahaha...oh, and plus ACPay sent me a 1099 for $2000 more than I made and my roommate's was somehow $18,000 less than his was supposed to be. What the fuck is their problem?

                                              PAYSITES CATEGORIZED AND THUMBNAILED BY NICHE - 69767780

                                                Comment

                                                • AaronM
                                                  GFY Royality ;)
                                                  • Oct 2001
                                                  • 46917
                                                  #13
                                                  Originally posted by QualityMpegs

                                                  She suggested that I consult GFY late at night j/p
                                                  Fire her.

                                                    Comment

                                                    • jawanda
                                                      Confirmed User
                                                      • Feb 2003
                                                      • 6040
                                                      #14
                                                      Good post!

                                                        Comment

                                                        • hyper
                                                          Confirmed User
                                                          • Mar 2002
                                                          • 5294
                                                          #15
                                                          it's like the lottery or the casino, you dont pay taxes till you earn over $600

                                                          if you receive a 1099 form then it IS reported to the IRS
                                                          Last edited by hyper; 02-05-2004, 08:29 AM.

                                                            Comment

                                                            • playa
                                                              Confirmed User
                                                              • Feb 2001
                                                              • 6432
                                                              #16
                                                              Just because you don't get a 1099 doesn't mean you don't have to claim it as income.

                                                              Anytime you make a deposit it should be reported income.

                                                              The only way to get around it is if you got a NON US sponser and you cash the check in their bank

                                                                Comment

                                                                • hyper
                                                                  Confirmed User
                                                                  • Mar 2002
                                                                  • 5294
                                                                  #17
                                                                  Originally posted by playa
                                                                  Just because you don't get a 1099 doesn't mean you don't have to claim it as income.

                                                                  Anytime you make a deposit it should be reported income.

                                                                  The only way to get around it is if you got a NON US sponser and you cash the check in their bank
                                                                  yeah but like i said if you dont receive a 1099 then it isnt reported

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