hypothetically what if i were to not claim these earnings? i definitely am going to claim them and file all my taxes properly and ethically but i was just wondering?? mods please dont delete this thread as it is not a tax evasion thread.
one of my affiliate companys is based out of CA and doesnt send 1099s
- Thread starter zombiezoo
- Start date
mods if you ask a dumb fucking question and then 4/6 of the tits your posted are either really gross or look like Justin Bieber's chest - does that put you into the running for an April banning?
If they are based out of Canada, and you are in the US, you essentially have to "claim" the earnings twice. So yeah, you only earned $5000 with them, but you need to record $10000 in lieu of them sending a 1099. Taxes suck.
I just did my taxes and I enquired about this very same thing.
I know for a fact that if you DID have a 1099 sent, and dont file that, the computers will catch it and the IRS will fuck you up. They will make you pay taxes on $10k or something like that.
Now since you didn't get a 1099 from them, idk. I'm sure the network included your revenues in their statement, so watch out for them computers man. Internets is serious business
I know for a fact that if you DID have a 1099 sent, and dont file that, the computers will catch it and the IRS will fuck you up. They will make you pay taxes on $10k or something like that.
Now since you didn't get a 1099 from them, idk. I'm sure the network included your revenues in their statement, so watch out for them computers man. Internets is serious business
If the money went into your US bank account it's pretty easy for the IRS to track it down.
Now if that money went straight into a foreign bank account, well that's how people do tax fraud.
Now if that money went straight into a foreign bank account, well that's how people do tax fraud.
Are you a LLC/S/C Corp?
I was under the impression that it doesn't matter what you get paperwork wise in this case, it's your responsibility as and officer of the company to accurately report all income and pay appropriate taxes on it.
What's your "out of the country" example w/ the taxes doubling?
Wut? If I earn $10k from a company based in Canada and they dont' send a 1099 you're telling me that I can't simply (and accurately) report that I earned and was paid $10k during 2009?
I was under the impression that it doesn't matter what you get paperwork wise in this case, it's your responsibility as and officer of the company to accurately report all income and pay appropriate taxes on it.
What's your "out of the country" example w/ the taxes doubling?
Wut? If I earn $10k from a company based in Canada and they dont' send a 1099 you're telling me that I can't simply (and accurately) report that I earned and was paid $10k during 2009?
You should report your earnings. However, canadian companies do not report earnings to the U.S. government. Usually in an audit, you can and should have some third party defense coorespond with the IRS. If the IRS comes after you, its probably not because they just randomly suspect that you earned unreported money from canada. Its probably because there is some other descrepency in your filing or you just fall into a high-risk audit catagory.
So, as long as you report your US earnings and have all your expense receipts you can operate the audit without having to talk directly with the IRS. The chances of them realizing you had CA earnings is probably rare.
However, you should just file and pay and not worry about it.
Any CPA will tell you that the IRS ignores 1099's so whether you get one or not is irrelevant. In an audit they will check bank accounts and credit card transactions and go off that. Clickbooth 1099'd me for about $50k less than I actually made with them last year but I still had to claim the actual amount they wired me. Just because their accountants are retarded does not affect my taxable income.
yeah, I didn't receive 1099's from about 4 companies.
Didn't bat an eye. Then again I report every last damn cent of income, and write of nearly nothing.
I'll gamble in life in Vegas and love it, but have zero desire to gamble with the IRS.
Didn't bat an eye. Then again I report every last damn cent of income, and write of nearly nothing.
I'll gamble in life in Vegas and love it, but have zero desire to gamble with the IRS.
This. If you do anything worth a damn, NEVER base your shit off 1099's. Noob 101.
i find it a huge clusterfuck of paperwork and headache to even go off of 1099's. Print off bank statement every month where all the income and expense is added up for me FTW.
Put that shit together for 12 months and your done. Takes like 5 minutes homie.
Put that shit together for 12 months and your done. Takes like 5 minutes homie.
Yeah, make sure you claim it at 2x because they're based in CA. You don't want to fuck with the IRS.