Taxes in the biz??? - GoFuckYourself.com

bigmack · 09-12-2005, 07:30 PM

Howdy folks,

I am looking at getting into the promoting end of this buisness. Running a TGP mainly. I was wondering though, say you sign up for ccbill lets say. Do these payment processing companies send you 1099 forms at the appropriate time? I would think they would considering thats where you get paid from. I dont know though.

Any advice appreciated.

bigmack · 09-12-2005, 07:55 PM

***bump***

09-12-2005, 07:56 PM

CCBill will NOT send you a 1099. Many other programs that cut their own checks will, however. Just make sure you report everything though, because you will be under a watchful eye.

Doc911 · 09-12-2005, 07:57 PM

1099 is for contract work. you need to hire an accountant

Not Working · 09-12-2005, 07:58 PM

although the check is being issued from CCbill, they are only an intermediary. the money is actually coming from the sponsor and they are responsible for sending you a 1099

bigmack · 09-12-2005, 08:02 PM

Quote:

Originally Posted by Not Working

although the check is being issued from CCbill, they are only an intermediary. the money is actually coming from the sponsor and they are responsible for sending you a 1099

Does every sponsor operate like this?

bdld · 09-12-2005, 08:11 PM

some will send you a form, others wont, you still have to report it all so keep your own records

MandyBlake · 09-12-2005, 08:38 PM

yeah definitely go see an accountant.

Sosa · 09-12-2005, 10:13 PM

Get an accountant for sure. Make sure to claim all the income, and keep good track of deductions that you can use. Also, if you are making a good amount look into a corporation.

StickyGreen · 09-12-2005, 10:15 PM

fuck an accountant. just keep track of how much you make it's not brain surgery...

detoxed · 09-12-2005, 10:19 PM

Doesnt matter. You keep track of what you earn, you report it, you take your own damn responsibility for your business and not rely on others to mail you a paper slip once a year.

09-12-2005, 07:30 PM	#1
bigmack Confirmed User Join Date: Feb 2005 Posts: 329	Taxes in the biz??? Howdy folks, I am looking at getting into the promoting end of this buisness. Running a TGP mainly. I was wondering though, say you sign up for ccbill lets say. Do these payment processing companies send you 1099 forms at the appropriate time? I would think they would considering thats where you get paid from. I dont know though. Any advice appreciated.

09-12-2005, 07:57 PM	#4
Doc911 Confirmed User Join Date: Feb 2004 Location: If i was up your ass you'd know Posts: 3,695	1099 is for contract work. you need to hire an accountant __________________ For PHP/MySQL scripts ICQ 161480555 or email [email protected]

09-12-2005, 08:38 PM	#8
MandyBlake The one and only! Industry Role: Join Date: Nov 2002 Location: Atlanta, GA Posts: 17,761	yeah definitely go see an accountant. __________________ Mandy's Playhouse Her First Fat Girl If you're interested in promoting my sites, ICQ me! 178411921

09-12-2005, 10:15 PM	#10
StickyGreen . Industry Role: Join Date: Oct 2003 Posts: 13,076	fuck an accountant. just keep track of how much you make it's not brain surgery... __________________ Refer Cam Girls and Take Home 10% of Everything They Make For Life

09-12-2005, 07:55 PM	#2
bigmack Confirmed User Join Date: Feb 2005 Posts: 329	*bump*

09-12-2005, 07:56 PM	#3
shermo Guest Posts: n/a	CCBill will NOT send you a 1099. Many other programs that cut their own checks will, however. Just make sure you report everything though, because you will be under a watchful eye.

09-12-2005, 07:58 PM	#5
Not Working Confirmed User Join Date: May 2002 Location: L.A. Posts: 225	although the check is being issued from CCbill, they are only an intermediary. the money is actually coming from the sponsor and they are responsible for sending you a 1099

09-12-2005, 08:11 PM	#7
bdld $100,000 Join Date: Dec 2001 Posts: 11,452	some will send you a form, others wont, you still have to report it all so keep your own records

09-12-2005, 10:13 PM	#9
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	Get an accountant for sure. Make sure to claim all the income, and keep good track of deductions that you can use. Also, if you are making a good amount look into a corporation.

09-12-2005, 10:19 PM	#11
detoxed vip member Join Date: Jan 2003 Posts: 17,798	Doesnt matter. You keep track of what you earn, you report it, you take your own damn responsibility for your business and not rely on others to mail you a paper slip once a year.