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boneprone

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Ccbill Affilates And Taxes... Question....

04-14-2004, 12:27 PM

Hey US Webmasters that are affilates of Programs using CCBill and even I Bill...

How are you submitting your income to the IRS for Taxes with these weekly checks or wires you get for being an affilate?

Unlike other programs which you may be an affilate of, CC Bill and I Bill doesnt send 1099's since they are the 3rd party billing company.

Ive always just added up all the check stubs for the year, written down "Income from CC Bill" or "Incone from I Bill" and gave it to my accountant to record..

This year I did the same. (im filing an extension casue I fucked up and did things last minute but Im organizing shit now)

Im sure many of you dont even report your ccbill and I bill earnings which is fine, im not here to judge you, but for those that do, are you doing it like I do?

Just adding up the check stubs you saved week after week and submitting a total, or is there some other way. And I must say, yes sometimes it is hard to keep each and every check stub week after week, but I have about 99% of em.

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Trixie

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04-14-2004, 12:31 PM

I don't have an accountant, but yeah -- other than that I do what you described for a bunch of stuff that I don't get 1099's for.

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The Heron

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04-14-2004, 12:52 PM

I do exactly the same, my tax guy just asks for my total expenses and income and does the rest... I figure if the IRS ever gets mad at me I'll have at least been paying them something.
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boneprone

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04-14-2004, 01:05 PM

Yeah i just rubberband the stubs year after year and group em, then file em in the drawer..

Add em up and total em.
But I dont log the date and keep the deposit slips..

I have all sorts of deposits, to link which is which from which check and which day would be horrible..

I wonder if I need to be doing that as well..

I usually just pile up a bunch of checks and deposit em all at once like onece every two weeks.. Save the stubs and call it good..

I hope its enough..

Its being reported to my taxes, but im not sure its organized and loged like how it should be.

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PrivateIvy

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04-14-2004, 01:11 PM

I just print off a report from the ccbill admin that shows the years totals ( Gross, fees , net , etc.) Thats what I've done for the last 2 years.

Thats for my paysites and I have all my affiliate sites merged into the same account, so it simplifies.

Filed for an extension this year.....

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The Heron

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04-14-2004, 01:16 PM

Originally posted by boneprone
Yeah i just rubberband the stubs year after year and group em, then file em in the drawer..

Add em up and total em.
But I dont log the date and keep the deposit slips..

I have all sorts of deposits, to link which is which from which check and which day would be horrible..

I wonder if I need to be doing that as well..

I usually just pile up a bunch of checks and deposit em all at once like onece every two weeks.. Save the stubs and call it good..

I hope its enough..

Its being reported to my taxes, but im not sure its organized and loged like how it should be.

We have the EXACT same system. I am pretty sure there are more official ways to be doing this stuff but like I said, we're paying so I doubt the IRS will make us pay too much if or when they ever decide to audit.
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boneprone

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04-14-2004, 01:19 PM

Originally posted by PrivateIvy
I just print off a report from the ccbill admin that shows the years totals ( Gross, fees , net , etc.) Thats what I've done for the last 2 years.

Thats for my paysites and I have all my affiliate sites merged into the same account, so it simplifies.

Filed for an extension this year.....

Ivy

LOL...

That would be the easy thing to do huh??

Fuck.. I had no idea you could do a year end total in the CC Bill Stats..

Shit...

But is it accurate? Does it include totals from the old system too?

I dont think I bill has this?

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#8

04-14-2004, 01:22 PM

in ccbill admin do a date range search under check amounts and then copy and pastemake sure u copy the net not the gross sounds obvious but i almost fucked up

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boneprone

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#9

04-14-2004, 01:24 PM

you guys saved me time.

Shit, i was gunna just add up all the stubs.. Takes a while.

If the ccbill system is accurate ill use that for the totals!

Now i gotta figure out if I Bill does that.

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PrivateIvy

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#10

04-14-2004, 02:03 PM

Originally posted by boneprone
you guys saved me time.

Shit, i was gunna just add up all the stubs.. Takes a while.

If the ccbill system is accurate ill use that for the totals!

Now i gotta figure out if I Bill does that.

LOL....no way in hell I'd sit and add them all up !!! hehe amd yea, it's accurate....will give total breakdown of gross - fees -affiliate payouts(for paysites) etc and then your net

Glad to have saved you from all that adding LOL

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PrivateIvy

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#11

04-14-2004, 02:05 PM

Originally posted by EscortBiz
in ccbill admin do a date range search under check amounts and then copy and pastemake sure u copy the net not the gross sounds obvious but i almost fucked up

You don't really even have to copy and paste....look in the right hand corner above the report and it gives you the option to download/export .... you can choose what format to download it in

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#12

04-14-2004, 02:11 PM

that's more or less what i do too.
yes, iBill has something similar...but chances are when you go to actually run the report, it will say, as it usually does:

"SERVER BUSY. PLEASE TRY AGAIN LATER."

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bllott

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#13

04-14-2004, 02:12 PM

I am new to all this.

Is there asite I can check things like that out?
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boneprone

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#14

04-14-2004, 02:14 PM

Originally posted by MikeSmoke
that's more or less what i do too.
yes, iBill has something similar...but chances are when you go to actually run the report, it will say, as it usually does:

"SERVER BUSY. PLEASE TRY AGAIN LATER."

LOL..

Maybe its best I just add em up for IBill.

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boneprone

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04-14-2004, 02:14 PM

Originally posted by bllott
I am new to all this.

Is there asite I can check things like that out?

things like what?

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#16

04-14-2004, 03:57 PM

As for the question at hand...
Pick up a copy of Quickbooks and start using it for this year. It makes things much more manageable when it comes to getting everything ready for your accountant around tax time. Then you don't have to go thru and add all your stubs together at tax time.

I must say I'm shocked at this question though.
Why not just set up an actual company (LLC, Inc, etc...) so you don't have to deal with 1099s at all?

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thatjen

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#17

04-14-2004, 06:16 PM

I also just add up all my check stubs at the end of the year. I love math so it's no big deal. In the past I ran the CCBill report that shows your total yearly earnings, but it's never ever the same as what the checks say, and it's usually more!

I wonder if anyone here is as nervous as I am about being audited. I have a huge fear of the IRS and daily imagine myself in jail with Martha, even though I haven't done anything wrong...that I know of
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#18

04-14-2004, 06:24 PM

If you do just use the function in CCBill that allows you to search by a date paramater be sure to still hang onto your check stubs. If you're reporting the income and it ever comes under an audit then you will definitely need them. I hope you're saving all your gambling info also since you can use this to help offset your earnings from CCBill if you're filing everything personally. I agree thought it would be much easier to incorporate and get an election of an S corp and then just file your taxes quarterly instead of waiting til the end of the year.
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