2008 Taxes

Status
Not open for further replies.
M

makethatmoney

New member
Mar 1, 2008
320
2
0
This is the first year I'll have to file income from online companies and I was wondering if anybody has gotten W2/1099s from any networks yet?

I've had it for a week or two from my full time job so I'm just wondering how long it usually takes.

Thanks :)

nice-tits-782534.jpg
 


I think the law requires the 1099's to be sent in the mail by January 31 (today) at the latest.

I've gotten about 2 or 3 so far. You should have them all before mid February.
 
Today is the deadline so it should be soon. I haven't sent my 1099's out yet ( :( ) , but I'm going to email my accountant with the numbers on Monday.
 
i'm not 100% sure but if you earned less than $600 with a given company, they may *not* send you a 1099 (but you will still need to report it).
 
Yeah I'm talking about the ones I've earned more than $600 with. I haven't gotten ONE form yet.

I can't remember what I googled - "hot tits" maybe, haha
 
yeah this is my first year too.

what do i show the accountant? I made a some money a good amount but that was not gross - not after taking out my expenses (money i spent on ads) which i only made a minor amount of profit.

I only did facebook ads so do I show him all my campaign expense?

any other tips for ppl filing first time that started affiliating marketing?

EDIT: i did not declare myself as any form of corp - just sole proprietor, so can I write off internet expense and crap for this business? I never did any type of itemization before so i'm new at this as well.
 
airbball23 said:
yeah this is my first year too.

what do i show the accountant? I made a some money a good amount but that was not gross - not after taking out my expenses (money i spent on ads) which i only made a minor amount of profit.

I only did facebook ads so do I show him all my campaign expense?

any other tips for ppl filing first time that started affiliating marketing?

EDIT: i did not declare myself as any form of corp - just sole proprietor, so can I write off internet expense and crap for this business? I never did any type of itemization before so i'm new at this as well.
Click to expand...

Yes you will get a 1099 for your gross compensation from the affiliate program(s) and will have to show your accountant your expenses related to earning that, such as your ad spend, hosting/domain costs, internet service, computer hardware that you purchased for the business, etc. Also ask your accountant about writing off business use of your home.
 
  • Like
Reactions: airbball23
redmonkey said:
THIS IS MY FIRST YEAR AS WELL. SHOULD I PRINT OUT RECIEPT FROM MY CC OR BILLING ON SYSTEM?
Click to expand...

as far as i know it doesn't matter... i don't even show receipts to my accountant just the totals, you just have to have proof of the expenditure if you get audited (again as far as i know)
 
I use quickbooks every year and my accountant for my AM business keeps tracks of daily spending/revenue. I know plenty of single marketers that do the same, so i would recommend looking into it for this year.
 
TFLNetwork said:
I use quickbooks every year and my accountant for my AM business keeps tracks of daily spending/revenue. I know plenty of single marketers that do the same, so i would recommend looking into it for this year.
Click to expand...

Did you actually buy a legit version of the software or just download it? Do you need to buy it in order to properly file/register etc?

I am thinking it would be in my best interest to just go to an accountant because I have income sources from 5+ networks and my full time job, just think it would be a hassle to try to figure all that shit out myself - Plus, I can't count how many times people have said get an accountant because they will save you more than they cost.
 
Quickbooks i bought for my business. I assume you are talking about actually filing - he does that himself for my business. Yeah i wouldn't mess with that myself. We have 25+ networks plus clients, expenses, etc. Otherwise i would recommend the online version of turbotax for business.
 
Alright thanks. I love seeing new people reply to this post so I have a reason to come back and look at those nice titties!

I've also heard that going somewhere such as HR Block is a huge no-no, that you should try to find an actual tax accountant if possible?
 
Question? I've already filed my taxes. I didn't have any of the forms but I did report what I earned, so as long as I did that I should be ok right?
 
Status
Not open for further replies.
Top Bottom