Ug...taxes - GoFuckYourself.com

JD · 01-11-2006, 01:19 AM

Coming up on tax time again for the US webbies

I'm not incorporated or any of that jazz, how do I claim the $ I made? Will I get 1099's?

please excuse my newbness.

LiveDose · 01-11-2006, 01:24 AM

Keep your own records and you should get them from any sponsors that paid you over $600.

JD · 01-11-2006, 01:27 AM

Quote:

Originally Posted by LiveDose

Keep your own records and you should get them from any sponsors that paid you over $600.

600 total or at one time? If they don't send them is what i'm really worried about

tristan_D · 01-11-2006, 01:27 AM

is it advisable to hire an accountant?

JD · 01-11-2006, 01:28 AM

Quote:

Originally Posted by tristan_D

is it advisable to hire an accountant?

not for you. sig whore

LiveDose · 01-11-2006, 01:30 AM

$600 the whole year. If you don't get them just make sure you report what you earned from your check stubs or wires.

fallenmuffin · 01-11-2006, 01:31 AM

This is a good question. Cause most of the programs didn't have me fill out a w9 just entered my SSN (social security number) and now it's coming on tax time and I'm wondering if they are going to mail me w2's or what.. I've only made enough from ccbill if 600 is the min. The other guys have only paided out 200-500... so is ccbill going to mail me the forms or what. I have all the checks (the top bits with check number and amount) in my personal records.

fallenmuffin · 01-11-2006, 01:33 AM

LiveDose.. So if I made $599 from program "x" do I have to report that or _just_ amounts totaling $600+ ?

LiveDose · 01-11-2006, 01:34 AM

Quote:

Originally Posted by fallenmuffin

LiveDose.. So if I made $599 from program "x" do I have to report that or _just_ amounts totaling $600+ ?

Yes, you have to report all your earnings.

Doctor Dre · 01-11-2006, 01:36 AM

Quote:

Originally Posted by tristan_D

is it advisable to hire an accountant?

You could shoot yourself in the head, that'd be better for al lof us

JD · 01-11-2006, 01:48 AM

Quote:

Originally Posted by Doctor Dre

You could shoot yourself in the head, that'd be better for al lof us

studiocritic · 01-11-2006, 02:55 AM

You have to report all income. Some sponsors will send 1099s, some won't. I think the only program that ever took a W-9 from me was ARS.

Total it all up, if you made enough to owe a considerable amount in taxes, get a CPA (not H&R block, which are noob tax preparers).

I'm too tired to look but theres a calculator somewhere online for self-employed people for how much tax you'll owe (it's bracketed). Hit me up on ICQ tomorrow if you can't find it.

JD · 01-11-2006, 08:35 AM

bumpity bump

Raven · 01-11-2006, 08:40 AM

Companies are no longer required to send out 1099 forms.

It's up to us to keep records and report accordingly.

Incorporating, if you make enough per year, is really the best business move you can make. It's inexpensive and I recommend an 'S' corporation.

I do suggest getting a tax preparer....if he/she is efficient and good, one does not need a full blown CPA.

H & R Block are the worst.

JD · 01-11-2006, 09:25 AM

Quote:

Originally Posted by Raven

Companies are no longer required to send out 1099 forms.

It's up to us to keep records and report accordingly.

Incorporating, if you make enough per year, is really the best business move you can make. It's inexpensive and I recommend an 'S' corporation.

I do suggest getting a tax preparer....if he/she is efficient and good, one does not need a full blown CPA.

H & R Block are the worst.

what's the minimum to incorporate? What really sucks is if i make this a "business" I'll have to pay state taxes up the ass and federal taxes. Thus, only getting like half of the money earned lol

GFX Wiz · 01-11-2006, 09:32 AM

Quote:

Originally Posted by SPeRMiNaToR

what's the minimum to incorporate? What really sucks is if i make this a "business" I'll have to pay state taxes up the ass and federal taxes. Thus, only getting like half of the money earned lol

Keep in mind you're never "self-employed" -- you're always in partnership with your rich Uncle Sam. A little perspective will save your ass at some point down the road

JD · 01-11-2006, 10:15 AM

Quote:

Originally Posted by GFX Wiz

Keep in mind you're never "self-employed" -- you're always in partnership with your rich Uncle Sam. A little perspective will save your ass at some point down the road

what a bunch of shit...fk uncle sam...

I work my ass off and the fucker takes like 30%

GFX Wiz · 01-11-2006, 10:43 AM

Quote:

Originally Posted by SPeRMiNaToR

what a bunch of shit...fk uncle sam...

I work my ass off and the fucker takes like 30%

30%?!? Shit man...you need to make more! Self-employment tax alone is 15.3%.

JD · 01-11-2006, 10:47 AM

Quote:

Originally Posted by GFX Wiz

30%?!? Shit man...you need to make more! Self-employment tax alone is 15.3%.

it was just a number I threw out there

What really sucks is I think I was BARELY bumped into a new tax bracket. I had a steady 9-5er this year too

Sosa · 01-11-2006, 11:46 AM

yeah if your making decent money def look into becoming incorporated. This is my first full year incorporated and it saved me more then 10 grand just in taxes.

Got a meeting with my accountant today to do over things. I like to get mine done early so I don't have to worry about it.

JD · 01-11-2006, 12:18 PM

Quote:

Originally Posted by Sosa

yeah if your making decent money def look into becoming incorporated. This is my first full year incorporated and it saved me more then 10 grand just in taxes.

Got a meeting with my accountant today to do over things. I like to get mine done early so I don't have to worry about it.

christ. Looks like I need to do that then. I'm taking it in the ass this year

media · 01-11-2006, 12:26 PM

If you have a terminal disease you can be excused from paying taxes....

GFX Wiz · 01-11-2006, 12:39 PM

Quote:

Originally Posted by media

If you have a terminal disease you can be excused from paying taxes....

There're several things you can do to get excused from paying your full tax bill.

One caveat...even if you haven't a dime to pay the taxes you owe...BE SURE TO FILE! It's a crime not to. The IRS will work with you if you can't pay but they don't have much of a sense of humor if you fail to file.

Ross · 01-11-2006, 12:43 PM

I'm not from the US but I have a meeting with my accountant tomorrow to tell me how much my tax bill is. Total has to be paid in 17 days. This should be a fun month

bdld · 01-11-2006, 12:54 PM

just to add, CCBill doesn't send 1099's.

01-11-2006, 01:19 AM	#1
JD Too lazy to set a custom title Industry Role: Join Date: Sep 2003 Posts: 22,651	Ug...taxes Coming up on tax time again for the US webbies I'm not incorporated or any of that jazz, how do I claim the $ I made? Will I get 1099's? please excuse my newbness.

01-11-2006, 01:24 AM	#2
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	Keep your own records and you should get them from any sponsors that paid you over $600. __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

01-11-2006, 01:27 AM	#4
tristan_D Confirmed User Join Date: Jul 2005 Posts: 7,865	is it advisable to hire an accountant? __________________ Increase your sales. Up to $4 per click.

01-11-2006, 01:30 AM	#6
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	$600 the whole year. If you don't get them just make sure you report what you earned from your check stubs or wires. __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

01-11-2006, 02:55 AM	#12
studiocritic Confirmed User Join Date: Jun 2005 Location: Irvine, CA Posts: 2,442	You have to report all income. Some sponsors will send 1099s, some won't. I think the only program that ever took a W-9 from me was ARS. Total it all up, if you made enough to owe a considerable amount in taxes, get a CPA (not H&R block, which are noob tax preparers). I'm too tired to look but theres a calculator somewhere online for self-employed people for how much tax you'll owe (it's bracketed). Hit me up on ICQ tomorrow if you can't find it. __________________ 254342256

01-11-2006, 01:31 AM	#7
fallenmuffin Confirmed User Industry Role: Join Date: Nov 2005 Posts: 8,170	This is a good question. Cause most of the programs didn't have me fill out a w9 just entered my SSN (social security number) and now it's coming on tax time and I'm wondering if they are going to mail me w2's or what.. I've only made enough from ccbill if 600 is the min. The other guys have only paided out 200-500... so is ccbill going to mail me the forms or what. I have all the checks (the top bits with check number and amount) in my personal records.

01-11-2006, 01:33 AM	#8
fallenmuffin Confirmed User Industry Role: Join Date: Nov 2005 Posts: 8,170	LiveDose.. So if I made $599 from program "x" do I have to report that or _just_ amounts totaling $600+ ?

01-11-2006, 08:35 AM	#13
JD Too lazy to set a custom title Industry Role: Join Date: Sep 2003 Posts: 22,651	bumpity bump

01-11-2006, 08:40 AM	#14
Raven Confirmed User Industry Role: Join Date: Jul 2001 Posts: 6,874	Companies are no longer required to send out 1099 forms. It's up to us to keep records and report accordingly. Incorporating, if you make enough per year, is really the best business move you can make. It's inexpensive and I recommend an 'S' corporation. I do suggest getting a tax preparer....if he/she is efficient and good, one does not need a full blown CPA. H & R Block are the worst. __________________ Raven ~RETIRED~

01-11-2006, 11:46 AM	#20
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	yeah if your making decent money def look into becoming incorporated. This is my first full year incorporated and it saved me more then 10 grand just in taxes. Got a meeting with my accountant today to do over things. I like to get mine done early so I don't have to worry about it.

01-11-2006, 12:26 PM	#22
media Confirmed Moneymaker Industry Role: Join Date: Apr 2002 Location: Eugene, OR It's Like Jail, Only with Trees! Posts: 9,852	If you have a terminal disease you can be excused from paying taxes.... __________________ I'm here for the violence!

01-11-2006, 12:43 PM	#24
Ross Ik ben een aap Industry Role: Join Date: Sep 2002 Location: Traffic Force Towers, Canada! Posts: 18,874	I'm not from the US but I have a meeting with my accountant tomorrow to tell me how much my tax bill is. Total has to be paid in 17 days. This should be a fun month

01-11-2006, 12:54 PM	#25
bdld $100,000 Join Date: Dec 2001 Posts: 11,452	just to add, CCBill doesn't send 1099's.