U.S. taxes with out of country affiliates?

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  • SouthernCumfort
    Registered User
    • Jan 2012
    • 73
    #1

    U.S. taxes with out of country affiliates?

    I've made almost $11k this year with CrakRevenue. And this is my first year making money online period.

    Curious how taxes work sense they are based in Canada? And also how much do you think Uncle Sam will take? My friend said like 40%!?!? If that's true that's total B.S.
    Tags: None
    • fendlestick
      Confirmed User
      • Dec 2012
      • 117
      #2
      From what I know if you are a US citizen you will need to pay tax.

      irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employed-Individuals-Tax-Center

      Might help, of-course you should try to avoid as much as possible just like the big boys do.

        Comment

        • AdultPornMasta
          Confirmed User
          • May 2012
          • 1506
          #3
          Originally posted by SouthernCumfort
          I've made almost $11k this year with CrakRevenue. And this is my first year making money online period.

          Curious how taxes work sense they are based in Canada? And also how much do you think Uncle Sam will take? My friend said like 40%!?!? If that's true that's total B.S.
          If you are a sole proprietor you could get hit hard depending on how you have your business set up. If you are an LLC, an S-Corp or a C-Corp, it is quite possible for you pay no tax quite legally, again, depending on how you are set up.

          As a sole proprietor you could be looking at a 28% bite as ordinary income if you do not itemize. You may also have to pay into Social Security on the gross amount as well as self-empolyment tax.. You are stuck with however you had things set up in 2012 though, as it is too late to change it.

          Plan ahead!

          "The world is full of obvious things which nobody by any chance ever observes."

            Comment

            • Pink Misfit
              xXxAffiliateReviews.com
              • Jun 2007
              • 1035
              #4
              Does Crak even send in 1099s? Obviously if you are in the US its your responsibility to claim either way but I am not sure if they send in 1099s or not.
              Available for VA assistance, customer service, sales and support, content writer, etc!

              Contact: [email protected]

                Comment

                • JimmyTheGeek
                  Registered User
                  • Dec 2012
                  • 96
                  #5
                  Does anyone in America pay tax on money not reported to the gov on 1099? I am thinking there has to be at least 1 person, but not many.
                  ICQ 683324361

                    Comment

                    • Markonline
                      Registered User
                      • Dec 2012
                      • 65
                      #6
                      In most countries (and I very much doubt USA would differ) a sole trader is taxable on any revenue, howsoever earned, in any country.
                      Companies differ and may utilise numerous other routes, but cost via saving/s must be a consideration.

                      Should anything other apply to sole traders, the potential revenue loss through such tax avoidance would be, or fast grow, too enormous to ignore.

                      Personally, I have always gone the Company route/s; since should the venture fail, or simply not generate income/s enough to justify it's ongoing,
                      the same structure can still be used in another business, then with little to no cost.
                      Last edited by Markonline; 01-11-2013, 04:30 AM.

                        Comment

                        • Sholly
                          Confirmed User
                          • Jun 2012
                          • 271
                          #7
                          One of my Dads friends keeps an attorney on a retainer.
                          She asked him about some of the questions I had about self employed and paying taxes.

                          I receive a small disability check from social security and he said I have to file on all 1099 income, even though I don't file under my SSD benefits. If I make to much they will cut off my benefits
                          Not sure now if I should even keep up trying to be a webmaster.
                          -----------------------------
                          Oh, one question was about out of country 1099 income and Canada does send them out to the U.S for taxable income.


                          Susan
                          Susan Holly

                            Comment

                            • ravo
                              Confirmed User
                              • Jun 2001
                              • 5461
                              #8
                              I highly doubt any non-US entity would send you a 1099. We are a Canadian corporation, and do not send out 1099s. But, that doesn't absolve you of properly reporting all income earned to your own tax authorities.
                              AdultAdBroker - Buy and Sell Your Flat Rate Banners, Links, Tabs, Pops, Email Clicks and Members' Area Traffic - updated May 2026

                                Comment

                                • Sholly
                                  Confirmed User
                                  • Jun 2012
                                  • 271
                                  #9
                                  Hi ravo

                                  Is there a list of out of country sponsors?
                                  Susan Holly

                                    Comment

                                    • ravo
                                      Confirmed User
                                      • Jun 2001
                                      • 5461
                                      #10
                                      Originally posted by Sholly
                                      Hi ravo

                                      Is there a list of out of country sponsors?
                                      Not that I'm aware of. Why not start a thread about it...
                                      AdultAdBroker - Buy and Sell Your Flat Rate Banners, Links, Tabs, Pops, Email Clicks and Members' Area Traffic - updated May 2026

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                                        • Sholly
                                          Confirmed User
                                          • Jun 2012
                                          • 271
                                          #11
                                          Originally posted by fendlestick
                                          From what I know if you are a US citizen you will need to pay tax.

                                          irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employed-Individuals-Tax-Center

                                          Might help, of-course you should try to avoid as much as possible just like the big boys do.
                                          What exactly do you mean here?

                                          Might help, of-course you should try to avoid as much as possible just like the big boys do.

                                          They don't report all of their income?
                                          Susan Holly

                                            Comment

                                            • Sholly
                                              Confirmed User
                                              • Jun 2012
                                              • 271
                                              #12
                                              What do you mean here

                                              "Might help, of-course you should try to avoid as much as possible just like the big boys do."
                                              -----------------------------------------------------------------
                                              Do sponsors who don't ask you to fill out a 10-99 still report earnings to IRS?
                                              Susan Holly

                                                Comment

                                                • Silver_Shamrock
                                                  Confirmed User
                                                  • Jul 2010
                                                  • 145
                                                  #13
                                                  Originally posted by Sholly
                                                  One of my Dads friends keeps an attorney on a retainer.
                                                  She asked him about some of the questions I had about self employed and paying taxes.

                                                  I receive a small disability check from social security and he said I have to file on all 1099 income, even though I don't file under my SSD benefits. If I make to much they will cut off my benefits
                                                  Not sure now if I should even keep up trying to be a webmaster.
                                                  -----------------------------
                                                  Oh, one question was about out of country 1099 income and Canada does send them out to the U.S for taxable income.


                                                  Susan
                                                  I'm in a similar situation Susan, having to keep my income at a certain level in order to keep my benefits. If I weren't severely and legitimately disabled and actually NEED those benefits so badly, I would figure something out. But this isn't an option.

                                                  Iended up getting on to the "Medicaid for Employed Persons with Disabilities" waiver. Look into it and see if you're eligible. It's allowed me to earn more over the disability income cap with my webmaster income I earn. Ultimately I've been able to get off of disability and Social Security with this waiver. There's still a cap, but it's much higher and actually allows me as a permanently disabled spinal-cord injured person to have a chance at working like everyone else while still getting the health care I desperately need.

                                                  I'd love to hear from other webmasters in similar situations and hear how they navigate their way through taxes.

                                                    Comment

                                                    • pornguy
                                                      Too lazy to set a custom title
                                                      • Mar 2003
                                                      • 62912
                                                      #14
                                                      If you read the tax guide that comes with the papers do the 1040 and claim the deductions, you would be surprised how it can end up.
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