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  #1  
Old 05-15-2005, 09:54 PM
Rick Sample Rick Sample is offline
 
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Default Google Adsense

Just a quick question, at the end of the year, they suposivly send you a statement saying how much cash you made with them correct? Then I'm supposed to give that statement to H&R block so I can claim that income on my taxes.

Ive never clamed any additional income on my taxes before. With that said, what all do they take out on you? Do they take everything out on you like they do a regular paycheck (Federal, City, State, FICA, etc or do they just hold a certain percentage or anything at all?
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  #2  
Old 06-01-2005, 01:49 PM
topvar topvar is offline
 
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In short, yes.
They'll send you a 1098 (Probably) that is income. Good news, you can probably claim expenses on schedule D
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  #3  
Old 06-01-2005, 04:10 PM
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amykhar amykhar is offline
 
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They may not send you a 1099. By law, they only have to if your income from them exceeds $600 in a year. Some send them for smaller amounts. Some don't.

No taxes will be held back by Google for you. It's your job to handle paying those, even if they don't send you a 1099. You are supposed to keep records and declare the income.

Amy (a tax preparer in a former life)
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Old 06-06-2005, 04:23 AM
LEAD_WEIGHT LEAD_WEIGHT is offline
 
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If u need to know about it just do google search and u get tons of info. I place some of the info on my site. I think u should always do a search for info before relying on anyone website.
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  #5  
Old 06-06-2005, 04:36 AM
LEAD_WEIGHT LEAD_WEIGHT is offline
 
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ah! the American Tax System so complicated.
I wonder what happens when u collect so called donations.
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Old 06-06-2005, 05:27 AM
WhSox21 WhSox21 is offline
 
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You would still have to pay taxes on donations.
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  #7  
Old 06-06-2005, 06:39 AM
David_R David_R is offline
 
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???????????????????
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  #8  
Old 06-06-2005, 07:12 AM
WhSox21 WhSox21 is offline
 
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Someone tired? I think this was supposed to be in the other thread regarding Google Adsense?
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