How come I don't get w-9's from anyone. Do I need to request them? - GoFuckYourself.com

wedouglas · 01-08-2006, 10:23 AM

Do you get them from any sponsors? Do you usually request your w-9's?

pussyluver · 01-08-2006, 10:27 AM

You have to break $600 to get a W-9 I think. No tax expert here.

The Demon · 01-08-2006, 10:42 AM

Welcome to the shady world of the adult industry

wedouglas · 01-08-2006, 10:47 AM

Theonly reason I ask, is because I have some large sponsors in Canada and I need to know what they report and such. I made a lot with one but the sent me nothing.

GatorB · 01-08-2006, 10:47 AM

you mean 1099? Just like W-4 they have until Jan 31st to send them out. Also if they aren't an American company they aren't required to send them out at all.

Sosa · 01-08-2006, 10:48 AM

Won't get one unless you made over $600 with that sponsor. And I'm sure you know you won't get anything from CCBILL etc... Just report all your income that you made.

GatorB · 01-08-2006, 10:49 AM

Quote:

Originally Posted by wedouglas

Theonly reason I ask, is because I have some large sponsors in Canada and I need to know what they report and such. I made a lot with one but the sent me nothing.

If they are from Canada they are going to report NOTHING to the IRS. You are responsible for reporting that income to the IRS on your own. They sent you checks so you know how much they paid you last year.

TheDoc · 01-08-2006, 10:49 AM

A w-9 is for tax information, from a w-9 you get a 1099 which companies have to send out. (total earnings) You will get a 1099 if earn over $600 a year, and you are either an individual owner or an llc. Incs don't get 1099's.

The law doesn't require companies to send a w9, however we do have to send out a 1099.

wedouglas · 01-08-2006, 10:54 AM

Quote:

Originally Posted by GatorB

If they are from Canada they are going to report NOTHING to the IRS. You are responsible for reporting that income to the IRS on your own. They sent you checks so you know how much they paid you last year.

Are you sure about this? I'm sure a great deal of their money is made from people in the US and they do ask for SSN.

Raven · 01-08-2006, 10:57 AM

Companies are no longer required to send out 1099 forms. It's now your responsibility to report your earnings when they exceed $600. USD. This happened a few years ago.

Some companies still do....but not all.

GatorB · 01-08-2006, 11:05 AM

Quote:

Originally Posted by wedouglas

Are you sure about this? I'm sure a great deal of their money is made from people in the US and they do ask for SSN.

Everyone ask for your SS# nowadays. I'm talking about everything in life. WTF do 99% need that info for? Why I don't know.

Why should a Canadian company have to comply with AMERICAN tax laws?

candyflip · 01-08-2006, 11:23 AM

They have until the end of January to send them to you. It's still a bit early.

sfera · 01-08-2006, 11:24 AM

if you dont get one. dont report it

GatorB · 01-08-2006, 11:26 AM

Quote:

Originally Posted by sfera

if you dont get one. dont report it

I hope that' sarcasm. You still have bank records you know.

pocketkangaroo · 01-08-2006, 11:26 AM

Do you have to report it if it is under $600?

TheDoc · 01-08-2006, 11:41 AM

Yes, you have to report all earnings, no mater how small or large.

Americans doing business with Canadians and International companies don?t expect a 1099. A couple of companies will send a year-end total payout, but most don?t. It?s your responsibility to file on the earnings.

A lot of the International companies have BS American companies setup for processing. These companies should collect the SSN, so when the US GOV finally finds out they are really doing business in the United States, they will have a nice list of people to go after.

wedouglas · 01-08-2006, 11:42 AM

Quote:

Originally Posted by GatorB

Everyone ask for your SS# nowadays. I'm talking about everything in life. WTF do 99% need that info for? Why I don't know.

Why should a Canadian company have to comply with AMERICAN tax laws?

Yeah, I understand that. I'm just trying to save as much as the next guy

Kard63 · 01-08-2006, 11:52 AM

Kinda gay that they dont make it easier

stevo · 01-08-2006, 11:58 AM

The self-employed version of the W-2 form is the 1099. Any individual or company that pays you $600 or more in the previous year is required by law to report that payment, known in the tax world as miscellaneous income, via a 1099-MISC form. The form is to be sent to you and the Internal Revenue Service by Jan. 31.

When should you send a 1099?
If you've subcontracted work to someone else and paid them more than $600, you have to send them, as well as the IRS, a 1099-MISC form. The only exception is when your subcontractor is incorporated. Corporations aren't required to receive 1099s, although if you do send one to someone who's incorporated, it's not a problem.

MrJackMeHoff · 01-08-2006, 12:08 PM

Quote:

Originally Posted by GatorB

If they are from Canada they are going to report NOTHING to the IRS. You are responsible for reporting that income to the IRS on your own. They sent you checks so you know how much they paid you last year.

Yeah and your dumb if you report yourself.. haha

wedouglas · 01-08-2006, 12:10 PM

Quote:

Originally Posted by MrJackMeHoff

Yeah and your dumb if you report yourself.. haha

was that sarcastic?

GatorB · 01-08-2006, 01:50 PM

Quote:

Originally Posted by MrJackMeHoff

Yeah and your dumb if you report yourself.. haha

Yea it's better to not report my income then the IRS checks my bank records and can see all the checks I have cashed from sponsors then they'll want to know why I didn't report that income.

xxxice · 01-08-2006, 02:28 PM

Sponsors are so bad when it comes to this. One thing that drives me crazy is that I know of only one sponsor that includes yearly earnings. You know damn well what you paid me for the year so why not tell me and save me some time.

TheDoc · 01-08-2006, 02:47 PM

I don't think programs should provide yearly earning statements, (unless in stats) keep your own books, we keep ours. Just like it is the webmasters job to make sure each check amount is correct.

Thomas1007 · 01-08-2006, 02:50 PM

I keep everything and give it to my accountant.
He sorts that shit out.

Martin3 · 01-08-2006, 02:51 PM

Quote:

Originally Posted by vanderweb

Sponsors are so bad when it comes to this. One thing that drives me crazy is that I know of only one sponsor that includes yearly earnings. You know damn well what you paid me for the year so why not tell me and save me some time.

Or, you could be a responsible business owner and keep track of your own records.

llporter · 01-08-2006, 03:21 PM

Thanks to TheDoc and Raven for helping with real answers!

bdld · 01-08-2006, 04:23 PM

keep records of everything, keep them in order, this is a business. create monthly reports of income + expenses, at the end of the year, add it all up and do your taxes. 1099's are practically non-existant in this biz.

TheDoc · 01-08-2006, 04:29 PM

Quote:

Originally Posted by bdld

keep records of everything, keep them in order, this is a business. create monthly reports of income + expenses, at the end of the year, add it all up and do your taxes. 1099's are practically non-existant in this biz.

5-10% of the active webmaster base on a money program will get 1099's.

Webby · 01-08-2006, 04:32 PM

Quote:

Originally Posted by bdld

keep records of everything, keep them in order, this is a business. create monthly reports of income + expenses, at the end of the year, add it all up and do your taxes. 1099's are practically non-existant in this biz.

I do everything in that first sentence except "do your taxes" - don't have taxes to pay or account for, - but it's good biz sense to see the truth on the bottom line for your own benefit

beemk · 01-08-2006, 04:39 PM

i broke 600 with like at least 20 different sponsors in 2004. i only got 2-3 tax forms in the mail from sponsors.

detoxed · 01-08-2006, 05:23 PM

I save the check stubs or put in a paper with the amount written and the sponsor if they dont have that with the check. Then I just add that and the wires up once a year

Sly · 01-08-2006, 05:30 PM

Quote:

Originally Posted by wedouglas

Yeah, I understand that. I'm just trying to save as much as the next guy

Then do it legally and setup a corporation. Don't operate as an individual. Taxes are way too high.

Will probably be the best $600-900 you ever spent.

sonofsam · 01-08-2006, 05:32 PM

wedouglas: bro.. its because you don't know the secret handshake... ask beemk.. i'll tell him you're clear for level 3 knowledge on this

just make sure you bring a raccoon with 3 legs with you, or the deals off.

xxxice · 01-08-2006, 05:55 PM

How hard is it to send us how much you paid us. I love now how the sponsor programs are getting mad.

I should have known it was one to many extra steps whatever

xxxice · 01-08-2006, 05:56 PM

Quote:

Originally Posted by Martin3

Or, you could be a responsible business owner and keep track of your own records.

wedouglas · 01-08-2006, 06:02 PM

Quote:

Originally Posted by Sly

Then do it legally and setup a corporation. Don't operate as an individual. Taxes are way too high.

Will probably be the best $600-900 you ever spent.

Is this an option for one person who makes his money as an affiliate?

Like just an llc?

enriqe · 01-08-2006, 06:36 PM

ok so if i didnt get any 1099 o w2 then how do you show up all your income to irs? i know there is other you just wait a bit and then get a letter that your bank account on hold and you owe irs xx.xxx plus late fee or some other shit , so anybody knows how you show up income urself tho? please let me know if you want on icq my # is 251010461 id be apraciated alot..

Sly · 01-08-2006, 07:42 PM

Quote:

Originally Posted by wedouglas

Is this an option for one person who makes his money as an affiliate?

Like just an llc?

Absolutely. A corporation is simply a piece of paper that allows you to conduct business as a separate entity. One man, a group of men, or an army of men. They can all setup corporations.

I have a C, but LLC is very popular as well. It depends on what exactly you want to do.

GatorB · 01-08-2006, 07:42 PM

Quote:

Originally Posted by enriqe

ok so if i didnt get any 1099 o w2 then how do you show up all your income to irs? ..

Um you just write down when you fill out your tax forms.

When you fill out your Schedule C you see line 1 says "Gross receipts and sales"

On line 12 of your 1040 it says "Business income attach Schedule C"

01-08-2006, 10:23 AM	#1
wedouglas So Fucking Banned Join Date: Aug 2004 Location: Dearborn, MI Posts: 5,921	How come I don't get w-9's from anyone. Do I need to request them? Do you get them from any sponsors? Do you usually request your w-9's?

01-08-2006, 10:49 AM	#8
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	A w-9 is for tax information, from a w-9 you get a 1099 which companies have to send out. (total earnings) You will get a 1099 if earn over $600 a year, and you are either an individual owner or an llc. Incs don't get 1099's. The law doesn't require companies to send a w9, however we do have to send out a 1099. __________________ ~TheDoc - ICQ7765825 It's all disambiguation

01-08-2006, 10:57 AM	#10
Raven Confirmed User Industry Role: Join Date: Jul 2001 Posts: 6,874	Companies are no longer required to send out 1099 forms. It's now your responsibility to report your earnings when they exceed $600. USD. This happened a few years ago. Some companies still do....but not all. __________________ Raven ~RETIRED~

01-08-2006, 11:23 AM	#12
candyflip Carpe Visio Industry Role: Join Date: Jul 2002 Location: New York Posts: 43,064	They have until the end of January to send them to you. It's still a bit early. __________________ Spend you some brain. Email Me

01-08-2006, 11:41 AM	#16
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	Yes, you have to report all earnings, no mater how small or large. Americans doing business with Canadians and International companies don?t expect a 1099. A couple of companies will send a year-end total payout, but most don?t. It?s your responsibility to file on the earnings. A lot of the International companies have BS American companies setup for processing. These companies should collect the SSN, so when the US GOV finally finds out they are really doing business in the United States, they will have a nice list of people to go after. __________________ ~TheDoc - ICQ7765825 It's all disambiguation

01-08-2006, 10:27 AM	#2
pussyluver Clueless OleMan Join Date: Mar 2003 Location: ICQ - 169903487 Posts: 11,009	You have to break $600 to get a W-9 I think. No tax expert here.

01-08-2006, 10:42 AM	#3
The Demon Confirmed User Industry Role: Join Date: Apr 2003 Posts: 7,336	Welcome to the shady world of the adult industry

01-08-2006, 10:47 AM	#4
wedouglas So Fucking Banned Join Date: Aug 2004 Location: Dearborn, MI Posts: 5,921	Theonly reason I ask, is because I have some large sponsors in Canada and I need to know what they report and such. I made a lot with one but the sent me nothing.

01-08-2006, 10:47 AM	#5
GatorB The Demon & 12clicks Industry Role: Join Date: Oct 2001 Location: SallyRand is a FAGGOT Posts: 18,208	you mean 1099? Just like W-4 they have until Jan 31st to send them out. Also if they aren't an American company they aren't required to send them out at all.

01-08-2006, 10:48 AM	#6
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	Won't get one unless you made over $600 with that sponsor. And I'm sure you know you won't get anything from CCBILL etc... Just report all your income that you made.

01-08-2006, 11:24 AM	#13
sfera Confirmed User Join Date: Aug 2005 Location: ICQ: 248877409 Posts: 8,597	if you dont get one. dont report it

01-08-2006, 11:26 AM	#15
pocketkangaroo Confirmed User Join Date: Jan 2005 Location: Chicago, IL Posts: 8,452	Do you have to report it if it is under $600?

01-08-2006, 11:52 AM	#18
Kard63 Confirmed User Join Date: Nov 2003 Location: 237 619 975 Posts: 8,944	Kinda gay that they dont make it easier __________________

01-08-2006, 11:58 AM	#19
stevo Confirmed User Join Date: Aug 2002 Location: Orlando, Florida Posts: 2,051	The self-employed version of the W-2 form is the 1099. Any individual or company that pays you $600 or more in the previous year is required by law to report that payment, known in the tax world as miscellaneous income, via a 1099-MISC form. The form is to be sent to you and the Internal Revenue Service by Jan. 31. When should you send a 1099? If you've subcontracted work to someone else and paid them more than $600, you have to send them, as well as the IRS, a 1099-MISC form. The only exception is when your subcontractor is incorporated. Corporations aren't required to receive 1099s, although if you do send one to someone who's incorporated, it's not a problem.

01-08-2006, 02:28 PM	#23
xxxice Confirmed User Join Date: Feb 2002 Posts: 5,042	Sponsors are so bad when it comes to this. One thing that drives me crazy is that I know of only one sponsor that includes yearly earnings. You know damn well what you paid me for the year so why not tell me and save me some time.

01-08-2006, 02:47 PM	#24
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	I don't think programs should provide yearly earning statements, (unless in stats) keep your own books, we keep ours. Just like it is the webmasters job to make sure each check amount is correct. __________________ ~TheDoc - ICQ7765825 It's all disambiguation

01-08-2006, 02:50 PM	#25
Thomas1007 Confirmed User Join Date: Aug 2002 Location: BC Canada Posts: 5,542	I keep everything and give it to my accountant. He sorts that shit out. __________________ BUY THIS SPOT CONTACT ME FOR DETAILS Contact Email

01-08-2006, 03:21 PM	#27
llporter Confirmed User Join Date: Jul 2005 Location: Boston Posts: 3,221	Thanks to TheDoc and Raven for helping with real answers!

01-08-2006, 04:23 PM	#28
bdld $100,000 Join Date: Dec 2001 Posts: 11,452	keep records of everything, keep them in order, this is a business. create monthly reports of income + expenses, at the end of the year, add it all up and do your taxes. 1099's are practically non-existant in this biz.

01-08-2006, 04:39 PM	#31
beemk CLICK HERE Industry Role: Join Date: Jan 2002 Posts: 20,829	i broke 600 with like at least 20 different sponsors in 2004. i only got 2-3 tax forms in the mail from sponsors. __________________ I host with Vacares

01-08-2006, 05:23 PM	#32
detoxed vip member Join Date: Jan 2003 Posts: 17,798	I save the check stubs or put in a paper with the amount written and the sponsor if they dont have that with the check. Then I just add that and the wires up once a year

01-08-2006, 05:32 PM	#34
sonofsam Too lazy to set a custom title Join Date: Dec 2004 Location: Vancouver Posts: 18,638	wedouglas: bro.. its because you don't know the secret handshake... ask beemk.. i'll tell him you're clear for level 3 knowledge on this just make sure you bring a raccoon with 3 legs with you, or the deals off. __________________ I like turtles.

01-08-2006, 05:55 PM	#35
xxxice Confirmed User Join Date: Feb 2002 Posts: 5,042	How hard is it to send us how much you paid us. I love now how the sponsor programs are getting mad. I should have known it was one to many extra steps whatever

01-08-2006, 06:36 PM	#38
enriqe Registered User Join Date: Nov 2005 Posts: 44	ok so if i didnt get any 1099 o w2 then how do you show up all your income to irs? i know there is other you just wait a bit and then get a letter that your bank account on hold and you owe irs xx.xxx plus late fee or some other shit , so anybody knows how you show up income urself tho? please let me know if you want on icq my # is 251010461 id be apraciated alot..