My first 1099 what to do? - GoFuckYourself.com

Funky Bastard · 02-14-2005, 05:18 PM

Ok I just got my first 1099 from a sponsor what do I do with it who do I send it to?

crockett · 02-14-2005, 05:19 PM

jump off a bridge and try to fly..

suesheboy · 02-14-2005, 05:20 PM

dance.

Now you get to pay taxes.

axelcat · 02-14-2005, 05:20 PM

your accountant

Funky Bastard · 02-14-2005, 05:21 PM

I dont have an accountant it's not for much a few g's?

detoxed · 02-14-2005, 05:22 PM

Quote:

Originally Posted by HKS

I dont have an accountant it's not for much a few g's?

Have you ever paid taxes before?

fris · 02-14-2005, 05:22 PM

Quote:

Originally Posted by HKS

I dont have an accountant it's not for much a few g's?

dont lie. you have no checks.

take a pic to proove it.

no traffic = no money.

you are worthless scum

you cant even afford a 10mb hosting account

Funky Bastard · 02-14-2005, 05:23 PM

Quote:

Originally Posted by detoxed

Have you ever paid taxes before?

nope this will be my first time I guess?

Sosa · 02-14-2005, 05:23 PM

lol you have never paid any taxes? wtf

Boss Traffic Jim · 02-14-2005, 05:23 PM

You have to add it and claim it as income on your taxes that you file this year.

Funky Bastard · 02-14-2005, 05:38 PM

Quote:

Originally Posted by fris

dont lie. you have no checks.

take a pic to proove it.

no traffic = no money.

you are worthless scum

you cant even afford a 10mb hosting account

SetTheWorldonFire · 02-14-2005, 05:41 PM

Is it over $10k?

FreakinWebmaster · 02-14-2005, 05:41 PM

that means bend over because the lovely government gets about 15% of that.

Go get turbo tax for federal and your state.

foxxx · 02-14-2005, 05:45 PM

hooray for offshore banking ;)

Vitasoy · 02-14-2005, 05:47 PM

15%? I'd be very happy. We get charged a lot more then that.

polish_aristocrat · 02-14-2005, 05:49 PM

Quote:

Originally Posted by HKS

thats for his Giga Cash sig

NoCarrier · 02-14-2005, 05:50 PM

Quote:

Originally Posted by HKS

Ok I just got my first 1099 from a sponsor what do I do with it who do I send it to?

You have a nice non-clickable sig.

Stamen · 02-14-2005, 05:59 PM

Quote:

Originally Posted by FreakinWebmaster

that means bend over because the lovely government gets about 15% of that.

Go get turbo tax for federal and your state.

The government gets 15% of that from Social Security alone (and you can't lower that or dodge it). That doesn't even count your actual tax obligation, which is dependant on your tax bracket.

paxton · 02-14-2005, 06:01 PM

Quote:

Originally Posted by HKS

Ok I just got my first 1099 from a sponsor what do I do with it who do I send it to?

Go see H&R Block.

Mike Okitch · 02-14-2005, 06:14 PM

Don't do anything.

Wait a few years.

Then get audited, trialed and convicted of tax evasion.

And become Richard Hatch and Michael Jackson's jailbird lover

Happy Valentine's day

tony286 · 02-14-2005, 06:17 PM

How much it is it for ? Figure one third goes to W

polish_aristocrat · 02-14-2005, 06:20 PM

Quote:

Originally Posted by NoCarrier

You have a nice non-clickable sig.

i am sure he has the adult.com sig only because he doesnt want to get banned

GatorB · 02-14-2005, 07:00 PM

You file you taxes on it. You need to fill out a schedule SE( that stands for Self Employment Tax ) in addition to you 1040. This is the same as FICA tax for people that have "regular" jobs. This apporximately about 1/7 of what you earned on that 1099. 50% of what you pay in SE taxes is deductable off your taxable income.

You also need to fill out a schedule C or schedule C-EZ depending on whether or not you plan on declaring more than $5000 in business expenses.

it's accually best if you to to H&R block and have an expert do it for you sicne this is your first time. It's not hard once you know what you are supposed to file.

Also if you earned less than $600 in a year with a sponsor they are not required to send you a 1099 but you are still required to report that income on your taxes.

tungsten · 02-14-2005, 07:04 PM

never filed your taxes before, get some software as suggested above.. should help

slapass · 02-14-2005, 07:06 PM

Quote:

Originally Posted by Stamen

The government gets 15% of that from Social Security alone (and you can't lower that or dodge it). That doesn't even count your actual tax obligation, which is dependant on your tax bracket.

Do some research.

SureFire · 02-14-2005, 07:25 PM

Quote:

Originally Posted by GatorB

You file you taxes on it. You need to fill out a schedule SE( that stands for Self Employment Tax ) in addition to you 1040. This is the same as FICA tax for people that have "regular" jobs. This apporximately about 1/7 of what you earned on that 1099. 50% of what you pay in SE taxes is deductable off your taxable income.

You also need to fill out a schedule C or schedule C-EZ depending on whether or not you plan on declaring more than $5000 in business expenses.

it's accually best if you to to H&R block and have an expert do it for you sicne this is your first time. It's not hard once you know what you are supposed to file.

Also if you earned less than $600 in a year with a sponsor they are not required to send you a 1099 but you are still required to report that income on your taxes.

Good advice, and next year you get to write off H&R Block or whoevers does your taxes.

Bugbee · 02-15-2005, 04:28 PM

GigaWho? GigaWhat?

GIGACASH!!!!!

Welcome to the adult industry...

02-14-2005, 05:18 PM	#1
Funky Bastard So Fucking Banned Join Date: Nov 2004 Location: San Antonio, Texas Posts: 2,544	My first 1099 what to do? Ok I just got my first 1099 from a sponsor what do I do with it who do I send it to?

02-14-2005, 05:19 PM	#2
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	jump off a bridge and try to fly.. __________________ In November, you can vote for America's next president or its first dictator.

02-14-2005, 05:20 PM	#3
suesheboy Confirmed User Industry Role: Join Date: Nov 2002 Location: FL - TN/NC Posts: 5,211	dance. Now you get to pay taxes. __________________ Adult Web Site Domain Names For Sale Adult Sex Toy Domain Names For Sale Tantric Delights, Sex Toys Blog, Tantric Sex Toys

02-14-2005, 05:41 PM	#12
SetTheWorldonFire Confirmed User Industry Role: Join Date: Feb 2002 Location: California Posts: 7,444	Is it over $10k? __________________ www.STWOFDesign.com hit me up on icq 154206276 or Skype: JaimeGizzle

02-14-2005, 05:47 PM	#15
Vitasoy GFY HALL OF FAME DAMMIT!!! Join Date: Oct 2003 Posts: 58,202	15%? I'd be very happy. We get charged a lot more then that. __________________ [email protected]

02-14-2005, 05:20 PM	#4
axelcat Adult Locals Join Date: Jun 2002 Location: West Coast Posts: 25,450	your accountant

02-14-2005, 05:21 PM	#5
Funky Bastard So Fucking Banned Join Date: Nov 2004 Location: San Antonio, Texas Posts: 2,544	I dont have an accountant it's not for much a few g's?

02-14-2005, 05:23 PM	#9
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	lol you have never paid any taxes? wtf

02-14-2005, 05:23 PM	#10
Boss Traffic Jim Confirmed User Join Date: Nov 2002 Location: USA Posts: 1,150	You have to add it and claim it as income on your taxes that you file this year.

02-14-2005, 05:41 PM	#13
FreakinWebmaster Confirmed User Join Date: Jan 2003 Location: Mile High State Posts: 935	that means bend over because the lovely government gets about 15% of that. Go get turbo tax for federal and your state.

02-14-2005, 05:45 PM	#14
foxxx Confirmed User Join Date: Jun 2002 Location: Gold Coast, Australia Posts: 573	hooray for offshore banking ;)

02-14-2005, 06:14 PM	#20
Mike Okitch Confirmed User Join Date: May 2004 Location: Guantanamo Bay, Cuba Posts: 4,126	Don't do anything. Wait a few years. Then get audited, trialed and convicted of tax evasion. And become Richard Hatch and Michael Jackson's jailbird lover Happy Valentine's day __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

02-14-2005, 06:17 PM	#21
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	How much it is it for ? Figure one third goes to W

02-14-2005, 07:00 PM	#23
GatorB The Demon & 12clicks Industry Role: Join Date: Oct 2001 Location: SallyRand is a FAGGOT Posts: 18,208	You file you taxes on it. You need to fill out a schedule SE( that stands for Self Employment Tax ) in addition to you 1040. This is the same as FICA tax for people that have "regular" jobs. This apporximately about 1/7 of what you earned on that 1099. 50% of what you pay in SE taxes is deductable off your taxable income. You also need to fill out a schedule C or schedule C-EZ depending on whether or not you plan on declaring more than $5000 in business expenses. it's accually best if you to to H&R block and have an expert do it for you sicne this is your first time. It's not hard once you know what you are supposed to file. Also if you earned less than $600 in a year with a sponsor they are not required to send you a 1099 but you are still required to report that income on your taxes.

02-14-2005, 07:04 PM	#24
tungsten Too lazy to set a custom title Join Date: Mar 2004 Posts: 10,579	never filed your taxes before, get some software as suggested above.. should help __________________ VOYEUR /HOMEMADE, HENTAI / CARTOON, Reality, Amateur, Shemale, Hardcore, Cuckold, Celebrity, Retro/Vintage, ect...ALL OUR SITES >> Unbelievable Ratio \| High % of Rebills \| Bi-Monthly Payments (also to E-Passporte) Ton's of EXCLUSIVE Free content & FHG's \|=> GREAT REVENUE $$$ GUARANTEED!

02-15-2005, 04:28 PM	#27
Bugbee Confirmed User Join Date: Jun 2004 Location: Your moms house Posts: 4,609	GigaWho? GigaWhat? GIGACASH!!!!! Welcome to the adult industry... __________________ Stephen Bugbee www.x2k.com ICQ# FUCK ICQ bugbee AT x2k dot com X2K consulting and media services - specializing in business development, technology and profitability of your new or existing products and services X2K MEDIA SUITE Need a high risk merchant account? Contact me.. Are you a donor? Have a heart and help someone in need. Go to the DMV and be sure you are a donor, it saves lives!!!!