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View Full Version : U.S. tax question

Bullet
06-25-2001, 02:22 AM
Will the sponsors do work of sending tax info to the gov, or do you have to report it yourself as well? Where would I report it?
basschick
06-25-2001, 02:37 AM
most of your sponsors will report your income to the government. foreign sponsors don't - and once in a while, someone else doesn't.

you report it when you do your taxes.
'Plat
06-25-2001, 02:55 AM
how do u go by reporting it?

do you have to fill out a certain form or wah?
shane94
06-25-2001, 10:49 AM
they will send you a 1099 form which shows your earnings.

Shane
Bullet
06-25-2001, 11:40 PM
do they tell you how much you have to pay, and when is the next quarterly?
shane94
06-26-2001, 06:34 AM
I pay taxes every January under my SS#. I am not opperating as a business so I pay once a year.

Shane
Milan
06-26-2001, 08:58 AM
Come to Sebia so you will not have to pay any taxes http://bbs.adultwebmasterinfo.com/ubb/smile.gif)))))What you earn is yours and nobody elses http://bbs.adultwebmasterinfo.com/ubb/smile.gif)))
Cheers,
Milan
12clicks
06-26-2001, 09:22 AM
shane, if you make over 20k a year you really should pay quarterly. Eventually the IRS will penalize you for not doing it (even if you don't run as a business)
Mr Exotic
06-26-2001, 10:26 AM
Ya, last year I didnt pay any taxes the last quarter and just paid them all in April and I was fined over 700$ just for being a quarter late http://bbs.adultwebmasterinfo.com/ubb/frown.gif
shane94
06-26-2001, 06:15 PM
humm i made well over 20k last year. what do i need to do? Get a business name or something? Can someone shead some light of the subject.

Shane