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.

***bump***

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. :)

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

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?

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

yeah definitely go see an accountant.

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.

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

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.