a couple 1099 questions - GoFuckYourself.com

QualityMpegs · 02-05-2004, 01:20 AM

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.

joseph4829 · 02-05-2004, 01:28 AM

Do they have your SS#?

QualityMpegs · 02-05-2004, 01:31 AM

Quote:

Originally posted by joseph4829
Do they have your SS#?

yes

AaronM · 02-05-2004, 01:32 AM

What advice did your accountant give you?

QualityMpegs · 02-05-2004, 01:42 AM

Quote:

Originally posted by AaronM
What advice did your accountant give you?

She suggested that I consult GFY late at night

j/p

boneprone · 02-05-2004, 01:48 AM

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.

boneprone · 02-05-2004, 02:05 AM

Quote:

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.

arg · 02-05-2004, 06:52 AM

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.

QualityMpegs · 02-05-2004, 08:11 AM

Quote:

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!

gornyhuy · 02-05-2004, 08:15 AM

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.

lock · 02-05-2004, 08:19 AM

glad i am in Australia

QualityMpegs · 02-05-2004, 08:27 AM

Quote:

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?

AaronM · 02-05-2004, 08:55 AM

Quote:

Originally posted by QualityMpegs

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

Fire her.

jawanda · 02-05-2004, 09:33 AM

Good post!

hyper · 02-05-2004, 10:24 AM

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

playa · 02-05-2004, 10:27 AM

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

hyper · 02-05-2004, 10:30 AM

Quote:

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

02-05-2004, 01:20 AM	#1
QualityMpegs Confirmed User Join Date: Feb 2003 Location: Orlando, Florida Posts: 3,521	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

02-05-2004, 01:28 AM	#2
joseph4829 Confirmed User Join Date: Jul 2003 Location: Dallas, TX Posts: 1,706	Do they have your SS#? __________________ Joe, Master Web Developer, ICQ: 280 889 133 CollegeSucks.com: Trade Links (PR 6) / $2 Advertising On average, my site sends back 3 times as much traffic. Trade links?

02-05-2004, 01:48 AM	#6
boneprone Hall Of Fame Industry Role: Join Date: Jan 2001 Location: Portland Oregon USA Posts: 34,415	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. __________________ Industry Hall Of Fame Legend Mike Jones Bow to the Power - Still BP4L http://gfyawards.com/hall-of-fame Learn about it kids. Last edited by boneprone; 02-05-2004 at 01:51 AM..

02-05-2004, 08:15 AM	#10
gornyhuy Chafed. Join Date: May 2002 Location: Face Down in Pussy Posts: 18,041	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

02-05-2004, 08:19 AM	#11
lock Confirmed User Industry Role: Join Date: Jul 2003 Location: Australia Posts: 5,065	glad i am in Australia __________________ Traffic.Tools - 40+ Free Tools Free.Marketing - 150+ Free Tools Submission.Tools - 20+ Free Tools

02-05-2004, 01:32 AM	#4
AaronM Too lazy to set a custom title Industry Role: Join Date: Oct 2001 Location: ┌∩┐ ◣_◢ ┌∩┐ Posts: 46,909	What advice did your accountant give you?

02-05-2004, 06:52 AM	#8
arg Confirmed User Join Date: Feb 2003 Posts: 1,164	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.

02-05-2004, 09:33 AM	#14
jawanda Confirmed User Join Date: Feb 2003 Posts: 6,040	Good post!

02-05-2004, 10:24 AM	#15
hyper Confirmed User Join Date: Mar 2002 Location: Mass Ass Posts: 5,294	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 at 10:29 AM..

02-05-2004, 10:27 AM	#16
playa Confirmed User Join Date: Feb 2001 Location: atlanta, GA Posts: 6,432	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