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-   -   Can CCBill Withhold Your Taxes ?? (https://gfy.com/showthread.php?t=681943)

Slick 11-29-2006 02:59 PM

Can CCBill Withhold Your Taxes ??
 
I'm pretty bad at putting money aside for taxes, so I ask the question, does CCBill withhold taxes if requested ??? I get a big portion of my income from them, so I was thinking, it'd be nice if I could get them to just take the money out, so it'd make it easier for me :)

Shap 11-29-2006 03:04 PM

LOL Slick you scared the hell out of me with that title.

After Shock Media 11-29-2006 03:05 PM

Umm no.

You could however have your bank or someone like ING pull out a set amount every week from your bank account, then set that into a savings account.

Or if you happen to be more than just an affiliate and run a program where most of your income comes from. Send in the split forms with CCBill and have one check issued for 30% or whatever, that you then deposit into a separate account. Err maybe you would want this wired instead so you never even see it really. You then get a check or wire for the remaining 70% to spend.

Slick 11-29-2006 11:02 PM

Quote:

Originally Posted by shap (Post 11416276)
LOL Slick you scared the hell out of me with that title.

ROFL, ha ha ha, sorry Shap :)

Thanks for the great ideas After Shock Media, I might have to do that :)

Thanks for the comments !!!

Psycho_x 11-30-2006 12:19 AM

Quote:

Originally Posted by Slick (Post 11416251)
I'm pretty bad at putting money aside for taxes, so I ask the question, does CCBill withhold taxes if requested ??? I get a big portion of my income from them, so I was thinking, it'd be nice if I could get them to just take the money out, so it'd make it easier for me :)

:1orglaugh You just had about 50 people reach for their phone and accountants phone number with that title.

Dirty Dane 11-30-2006 12:21 AM

I can hold them for you :)

tony286 11-30-2006 12:24 AM

you can make payments online to the irs, do it everytime you get a check.IF you make enough you should set up a llc or a inc.

Slick 11-30-2006 12:33 AM

Quote:

Originally Posted by tony404 (Post 11418995)
you can make payments online to the irs, do it everytime you get a check.IF you make enough you should set up a llc or a inc.

Hey, that's a great idea that I never knew I could do. I always thought that I had to hold onto the funds then make the quarterly payments. I guess if I could just pay them as often as I'd like. It'd be easy to just deposit my checks and when a wire comes in, just log on and send them a chunk :)

As far as making enough, I definately do make a nice chunk of money and my accountant did recommend to me the last couple of years to inc. or llc, BUT the thing with that is that I like being able to do what I want with my money without having to give myself a set salary because with my house and vehicle loans, I like to dump extra money on them to pay them off as soon as I can.

Dirty Dane, thanks for your generous offer to hold the money for me, I'll keep you in mind, ha ha ha :)

Psycho, ha ha ha :)

Bro Media - BANNED FOR LIFE 11-30-2006 12:43 AM

bump, some good info in here!


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