Why do so many sponsors require a social security number... - GoFuckYourself.com

mardigras · 01-31-2005, 09:49 AM

...when most of them don't even bother with tax forms?

Tony Montana · 01-31-2005, 09:50 AM

They'll send them after they get audited

Evil1 · 01-31-2005, 09:51 AM

Simplifies identity theft.

B-Eazy · 01-31-2005, 09:52 AM

US they and you have to pay tax bitch!

xclusive · 01-31-2005, 09:53 AM

Because it's the law to pay taxes

DEA - banned for life · 01-31-2005, 09:53 AM

.....becuase they want to steal your identity..once they go out of the smutl peddling buissness

mardigras · 01-31-2005, 09:55 AM

Quote:

Originally Posted by xclusive

Because it's the law to pay taxes

Well, if they were following the laws wouldn't they be sending me W2's?

TheDoc · 01-31-2005, 10:00 AM

We send out 1099's to individuals and LLC's that we pay over $600 to in a year. This is what we need your SSN for. I would think every adult company making any real money would go to a CPA, which would do the 1099's for you or tell you to do them.

I know I have gotten 1099's from many adult companies.

TheDoc · 01-31-2005, 10:01 AM

Quote:

Originally Posted by mardigras

Well, if they were following the laws wouldn't they be sending me W2's?

W2's are for employees, not contract employees. You would get a 1099 at the end of the year. Some companies make you sign something before they issue the 1099.

RP Fade · 01-31-2005, 10:02 AM

Quote:

Originally Posted by TheDoc

We send out 1099's to individuals and LLC's that we pay over $600 to in a year. This is what we need your SSN for. I would think every adult company making any real money would go to a CPA, which would do the 1099's for you or tell you to do them.

I know I have gotten 1099's from many adult companies.

^

mardigras · 01-31-2005, 10:17 AM

Sooo...

This means that any sponsors you may have made $599 or less with are floating out there as unreported income with your SS# attatched to the paper trail. A little unnerving when you consider you have no idea what the company is or isn't reporting.

SykkBoy · 01-31-2005, 10:47 AM

Quote:

Originally Posted by mardigras

Sooo...

This means that any sponsors you may have made $599 or less with are floating out there as unreported income with your SS# attatched to the paper trail. A little unnerving when you consider you have no idea what the company is or isn't reporting.

regardless of what they report, you should keep all of your check stubs and file them

XxXotic · 01-31-2005, 10:49 AM

Quote:

Originally Posted by mardigras

Sooo...

This means that any sponsors you may have made $599 or less with are floating out there as unreported income with your SS# attatched to the paper trail. A little unnerving when you consider you have no idea what the company is or isn't reporting.

how's it scary? its not their responsibility to report your earnings, it's YOUR responsibility. If you report what you make, there's no "paper trail leading anywhere"

ignorance is no excuse

TheDoc · 01-31-2005, 10:50 AM

Quote:

Originally Posted by mardigras

Sooo...

This means that any sponsors you may have made $599 or less with are floating out there as unreported income with your SS# attatched to the paper trail. A little unnerving when you consider you have no idea what the company is or isn't reporting.

Other than it's legal for the company. I may be wrong but I don't think you have to report it either, it's not considered an income until it's over $600. Or maybe you do but it doesn't go under income.. I don't know, I have a CPA do our shit.

Thurbs · 01-31-2005, 10:59 AM

You have to consider this, you're exempt from taxes if you make less than 5K annually, but just because you only make 599 from one sponsor, multiply across 10 and you're over the tax bracket, and in that case, all forms of income are required, and the companies dont want to be holding the bag for a tax evader.

01-31-2005, 09:49 AM	#1
mardigras Bon temps! Join Date: Feb 2003 Location: down yonder Posts: 14,194	Why do so many sponsors require a social security number... ...when most of them don't even bother with tax forms? __________________ .

01-31-2005, 09:50 AM	#2
Tony Montana Confirmed User Join Date: Jan 2005 Posts: 794	They'll send them after they get audited __________________ I am a marketing Genius.

01-31-2005, 09:51 AM	#3
Evil1 Confirmed User Industry Role: Join Date: Mar 2002 Posts: 3,893	Simplifies identity theft. __________________

01-31-2005, 09:52 AM	#4
B-Eazy Confirmed User Industry Role: Join Date: Mar 2004 Posts: 1,521	US they and you have to pay tax bitch! __________________

01-31-2005, 09:53 AM	#5
xclusive Too lazy to set a custom title Join Date: Apr 2004 Location: Buffalo, NY Posts: 35,218	Because it's the law to pay taxes __________________ I support MediumPimpin.com / Shemp's Outlawtgp.com /

01-31-2005, 09:53 AM	#6
DEA - banned for life V.I.P. Join Date: Nov 2004 Location: InYour Head Posts: 7,886	.....becuase they want to steal your identity..once they go out of the smutl peddling buissness

01-31-2005, 10:00 AM	#8
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	We send out 1099's to individuals and LLC's that we pay over $600 to in a year. This is what we need your SSN for. I would think every adult company making any real money would go to a CPA, which would do the 1099's for you or tell you to do them. I know I have gotten 1099's from many adult companies. __________________ ~TheDoc - ICQ7765825 It's all disambiguation

01-31-2005, 10:17 AM	#11
mardigras Bon temps! Join Date: Feb 2003 Location: down yonder Posts: 14,194	Sooo... This means that any sponsors you may have made $599 or less with are floating out there as unreported income with your SS# attatched to the paper trail. A little unnerving when you consider you have no idea what the company is or isn't reporting. __________________ .

01-31-2005, 10:59 AM	#15
Thurbs The Thrilla in Manila Join Date: Sep 2004 Location: Thurbs' Lagoon, Christmas Island Posts: 4,785	You have to consider this, you're exempt from taxes if you make less than 5K annually, but just because you only make 599 from one sponsor, multiply across 10 and you're over the tax bracket, and in that case, all forms of income are required, and the companies dont want to be holding the bag for a tax evader.