a couple 1099 questions
 

1)If I made more than $600 from a company and they do not send me a 1099, do THEY still report to the IRS that I made that money? ex (ACPay sends a Client 1099, but not an afilliate 1099...is this right?)

2)Do you guys only report to the IRS what is on the 1099's?

3)What should I do about a company that doesn't send me a 1099?


I've always reported all of my earned income, but I'm curious as to what the rest of you do about this annoying situation.

Do they have your SS#?

yes

What advice did your accountant give you? :glugglug

She suggested that I consult GFY late at night :winkwink: j/p

Here's what I do.

Report just about everthing.

1. 1099's
2. CC Bill Affialate checks. (i wish they would give some kind of 1099 or some kind of year end to date total of revenue sent. Its a pain in the ass to add it all up and save the stubs from every week)

3. Bank Wires

Sure some small checks here and there that are under 200.00 slip through but its really no biggie. Try and keep the check stubs on everything . If not now be sure to do it for the up coming year.

The key is writing things off and saving recipts.
If you want to cut corners do it with write offs, not with money you are hiding from the IRS.. Thats a big fuck up if you get caught. And its hard to sleep at night.

Income Tax Fraud and not reporting funds can seriously fuck you up and even put you in the slammer. Especially if you make good money..

Fear the IRS. They arent webmasters or stupid surfers you can yank around. They are the next thing to God in terms of things you should fear in life.

If you have equity, that is a house, a bank account, a car and other items of value you cherish and have a lot of money and heart in i suggest you report everything. If not the IRS can take it all away. Cover your ass.

always assume the IRS is watching all your deposits.

Unless you only make like 20k a year.

Report everything. If you get audited, they can get bank records and turn up the money. Digital images of those checks are held by your bank. If the company that sent you the money gets audited, even though they might not have been obliged to send you 1099s, the IRS might follow the money trail to their affiliates, just to see if all they all declared that income.

Very good post, Thanks a lot!

Nice post, I was just going to ask WHEN I can expect to see 1099s from ccbill and other sponsors...

Guess the answer is NEVER. :feels-hot

glad i am in Australia

hahaha...oh, and plus ACPay sent me a 1099 for $2000 more than I made and my roommate's was somehow $18,000 less than his was supposed to be. What the fuck is their problem?

Fire her. :glugglug

Good post!

:thumbsup

it's like the lottery or the casino, you dont pay taxes till you earn over $600

if you receive a 1099 form then it IS reported to the IRS

Just because you don't get a 1099 doesn't mean you don't have to claim it as income.

Anytime you make a deposit it should be reported income.

The only way to get around it is if you got a NON US sponser and you cash the check in their bank

yeah but like i said if you dont receive a 1099 then it isnt reported