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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Confirmed User
Join Date: Jan 2003
Location: The Beach, SoCal
Posts: 1,288
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Do I report this income...?
OK, one of the sponsors I use is in Australia and I am in the United States. They wire transfer me money each month. They say that they don't send out 1099's, and they don't report to the IRS how much money they send me each year.
They probably sent me something like $8,000 last year. How do you guys in the U.S. handle it when you get paid by someone in another country and they aren't reporting it? Is it under the table or what? Should I report it even though the IRS apparantly will never find out? Yes they have my social security number on file, but they said it's just because the software they use for the signup process has a field for it, and they don't do anything with it. |
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#2 |
There can be only one
Industry Role:
Join Date: Aug 2001
Location: Somewhere else
Posts: 39,075
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If you get audited, and the IRS asks for bank statements... you're busted. Remember, if it goes into a bank account, the IRS will find it.
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SIG TOO BIG |
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#3 |
So Fucking Banned
Industry Role:
Join Date: Apr 2001
Location: N.Y. -Long Island --
Posts: 122,992
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What money? Mr IRS auditer, I have no clue how that got in there
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#4 |
Confirmed User
Join Date: Feb 2002
Location: Canada
Posts: 2,370
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It is illegal not to report any income. I know in Canada banks report to the revenue service automatically over a certain amount a year, and over $10,000 deposited in a month. Probably similar in the US.
ZoiNk
__________________
"People can have the Model T in any color - so long as it's black." - Henry Ford |
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#5 |
Confirmed User
Industry Role:
Join Date: Oct 2002
Location: Nebraska
Posts: 1,261
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keep your dick clean, you won't get burned.
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#6 | |
Let's do some business.
Industry Role:
Join Date: Jan 2003
Location: The dirty south.
Posts: 18,781
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Quote:
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![]() Hands Free Adult - Join Once, Earn For Life "I try to make a habit of bouncing my eyes up to the face of a beautiful woman, and often repeat “not mine” in my head or even verbally. She’s not mine. God has her set aside. She’s not mine. She’s His little girl, and she needs me to fight for her by keeping my eyes where they should be." |
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#7 |
Confirmed User
Join Date: Feb 2002
Posts: 401
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whats the amount for banks in canada before they report it to irs anyone know?
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#8 | |
Confirmed User
Join Date: May 2002
Location: Montreal
Posts: 8,743
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Quote:
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#9 |
Confirmed User
Industry Role:
Join Date: Jun 2001
Location: Skype: ravo.fpctraffic
Posts: 5,444
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Banks in Canada don't report anything to the IRS (which is in the States). Doh.
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#10 |
Confirmed User
Join Date: Feb 2002
Posts: 401
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Banks in Canada don't report anything to the IRS (which is in the States). Doh.
------------------------------------------- what did u mean by "(which is in the States). Doh." |
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#11 |
Bad Mo-Fo
Industry Role:
Join Date: Jul 2001
Location: Seattle, WA
Posts: 2,772
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Pay the nice men with the guns the money and no one gets hurt....
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#12 |
Confirmed User
Join Date: Feb 2002
Posts: 401
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i do it's just interesting...
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#13 |
Confirmed User
Join Date: Jul 2002
Location: Right here, right now.
Posts: 543
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I f they wire into your account, then yes there is a paper trail and you can be had. If they send it to you in a birthday card in cash then don't put it into your account and don't worry about it.
BUT YES SINCE IT GOES OVER YOUR ACCOUNT THEN YOU MUST REPORT IT!!! |
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