Can the IRS fuck me if I let someone sell using my affiliate account?

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  • MrMaxwell
    Too lazy to set a custom title
    • Jul 2005
    • 10057
    #1

    Can the IRS fuck me if I let someone sell using my affiliate account?

    As an example, let's say the commission is $100 and I'm letting her have $80 of each sale
    Then, will those cocksuckers try to steal money based on the whole $100 or the actual $20 profit??
    Tags: None
    • shake
      frc
      • Jul 2003
      • 4663
      #2
      I'm in Canada, but this should be the same anywhere. You'd want to make sure it's documented for your accounting who and how the $80 was paid to, then the tax liability should be transferred to them. For you, the $80 should be a write off as would wages or another business expense.
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        Comment

        • L-Pink
          working on my tan
          • Mar 2005
          • 39151
          #3
          Your business will show an income of $100. It should then show a check going out for $80. Gives you a taxable income of $20.

          Income less commissions/expenses = profit. Tax is on profit.

          .

            Comment

            • scuba steve
              Confirmed User
              • Oct 2008
              • 1888
              #4
              Originally posted by L-Pink
              Your business will show an income of $100. It should then show a check going out for $80. Gives you a taxable income of $20.

              Income less commissions/expenses = profit. Tax is on profit.

              .
              what he said. you have to get your friend's information like their tax id and company name and report that too

                Comment

                • newB
                  Confirmed User
                  • Jul 2006
                  • 2870
                  #5
                  The IRS is not a court of law - the burden of proof is on you. As such, I would make sure there were some record of how much your friend is getting paid, otherwise they will assess the $100 as your earnings. If you end up paying your friend over $600 in a calendar year then you will also need to submit a W2 for them.

                  http://www.irs.gov/uac/Form-W-2,-Wage-and-Tax-Statement

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                    Comment

                    • Barry-xlovecam
                      It's 42
                      • Jun 2010
                      • 18083
                      #6
                      Under $600 NP over $600 1099. The payment of a commission needs to be reported.

                      Payment by invoice of some purchase could be an expense.
                      Payment of any compensation, like a commissions split would be a "cost of labor" and labor payments are w-2 or 1099.

                      They might disallow the deduction -- yes.

                      The above offered in conversation and not accounting advice -- ask a PA or CPA for a qualified opinion.

                        Comment

                        • fuzebox
                          making it rain
                          • Oct 2003
                          • 22368
                          #7
                          You don't have an accountant?

                            Comment

                            • MrMaxwell
                              Too lazy to set a custom title
                              • Jul 2005
                              • 10057
                              #8
                              Do I have an accountant? Sure I'll just walk down my manicured lawn and stroll over to my white neighbors house after having my bentley waxed and talk to him

                              Anyway, I know to keep records but I'm not too sure of how much good that will do me since the IRS is a pack of lawless rapists and thieves

                              Is there any recourse if they "disallow the deduction"?

                                Comment

                                • L-Pink
                                  working on my tan
                                  • Mar 2005
                                  • 39151
                                  #9
                                  Originally posted by MrMaxwell
                                  Do I have an accountant? Sure I'll just walk down my manicured lawn and stroll over to my white neighbors house after having my bentley waxed and talk to him

                                  Anyway, I know to keep records but I'm not too sure of how much good that will do me since the IRS is a pack of lawless rapists and thieves

                                  Is there any recourse if they "disallow the deduction"?
                                  Deductions are disallowed only if you don't have proper documentation (business 101) or if you are being shady. Both instances are your fault not the IRS's.

                                  .

                                    Comment

                                    • CIVMatt
                                      Amateur Pimpin
                                      • Aug 2004
                                      • 13075
                                      #10
                                      Just send him a 1099 contract labor for his earnings, done... no biggie
                                      Make easy money with Webcams

                                        Comment

                                        • MrMaxwell
                                          Too lazy to set a custom title
                                          • Jul 2005
                                          • 10057
                                          #11
                                          Originally posted by L-Pink
                                          Deductions are disallowed only if you don't have proper documentation (business 101) or if you are being shady. Both instances are your fault not the IRS's.

                                          .
                                          Fuck the irs the thieving cocksuckers

                                            Comment

                                            • DWB
                                              Registered User
                                              • Jul 2003
                                              • 31779
                                              #12
                                              Best if you give her a 1099 for the money you give her, or something to document the transaction. The IRS is EVIL.

                                                Comment

                                                • Phoenix
                                                  BACON BACON BACON
                                                  • Nov 2002
                                                  • 35475
                                                  #13
                                                  Originally posted by MrMaxwell
                                                  Do I have an accountant? Sure I'll just walk down my manicured lawn and stroll over to my white neighbors house after having my bentley waxed and talk to him

                                                  Anyway, I know to keep records but I'm not too sure of how much good that will do me since the IRS is a pack of lawless rapists and thieves

                                                  Is there any recourse if they "disallow the deduction"?
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                                                  https://quantads.io

                                                    Comment

                                                    • RyuLion
                                                      ClubDomCash.com
                                                      • Mar 2003
                                                      • 32376
                                                      #14
                                                      Originally posted by L-Pink
                                                      Your business will show an income of $100. It should then show a check going out for $80. Gives you a taxable income of $20.

                                                      Income less commissions/expenses = profit. Tax is on profit.

                                                      .

                                                      Adult Biz Consultant A tech head since 1995
                                                      Affiliate Support: Chaturbate | CCBill Live

                                                        Comment

                                                        • WarChild
                                                          Let slip the dogs of war.
                                                          • Jan 2003
                                                          • 17263
                                                          #15
                                                          Why would somebody use your affiliate account? It's not like you qualify for higher payouts anywhere you fucking loser.
                                                          .

                                                            Comment

                                                            • MrMaxwell
                                                              Too lazy to set a custom title
                                                              • Jul 2005
                                                              • 10057
                                                              #16
                                                              Originally posted by Phoenix
                                                              Who in the world are those clowns and what are they saying?

                                                                Comment

                                                                • TrashyGirl
                                                                  Confirmed User
                                                                  • Apr 2010
                                                                  • 1401
                                                                  #17
                                                                  I'm not sure how you file your taxes, but you should definitely check with an accountant. If letting your friend use your affiliate account bumps your total income into a higher tax bracket, you would have to bear the overall higher tax.

                                                                  http://taxfoundation.org/blog/2013-tax-brackets

                                                                    Comment

                                                                    • x-rate
                                                                      Confirmed User
                                                                      • Jun 2008
                                                                      • 725
                                                                      #18
                                                                      Why not 'refer' your friend to the affiliate program and cash in the referal fees?
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                                                                      Email: misterxmtl @ hotmail.com
                                                                      Skype: misterxmtl

                                                                        Comment

                                                                        • MrMaxwell
                                                                          Too lazy to set a custom title
                                                                          • Jul 2005
                                                                          • 10057
                                                                          #19
                                                                          Originally posted by TrashyGirl
                                                                          I'm not sure how you file your taxes, but you should definitely check with an accountant. If letting your friend use your affiliate account bumps your total income into a higher tax bracket, you would have to bear the overall higher tax.

                                                                          http://taxfoundation.org/blog/2013-tax-brackets
                                                                          I've never had to file taxes so I really hate to unless it's absolutely necessary

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