Does google report your earnings to the IRS?

Discussion in 'Payments' started by jaiz, Aug 18, 2006.

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  1. #1
    Or is it up to you to report the money you made from google adsense?
     
    jaiz, Aug 18, 2006 IP
  2. Saadh

    Saadh Peon

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    #2
    I'm curious about this too.
     
    Saadh, Aug 18, 2006 IP
  3. infonote

    infonote Well-Known Member

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    #3
    I think it is up to you. Probably when you deposit a check in your bank a/c you can ask the bank to take directly.
     
    infonote, Aug 18, 2006 IP
  4. jaiz

    jaiz Active Member

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    #4
    What do u mean when you say ask the bank to take directly?
     
    jaiz, Aug 18, 2006 IP
  5. Nintendo

    Nintendo ♬ King of da Wackos ♬

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    #5
    Make $600 or more during the year and you get a tax form info at the end of the year AND it's reported to the IRS.
     
    Nintendo, Aug 18, 2006 IP
  6. jaiz

    jaiz Active Member

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    #6
    Oh has this happened to u?
     
    jaiz, Aug 18, 2006 IP
  7. Nintendo

    Nintendo ♬ King of da Wackos ♬

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    #7
    It happens to every one that makes $600 or more.

    er, you DO plan on paying taxes on the money you make from Adsense...right!!! :D
     
    Nintendo, Aug 18, 2006 IP
  8. jaiz

    jaiz Active Member

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    #8
    Well I'm on SSI, and if I'm making over $850-900 a month than i will lose it. I also get free health insurance with it as long as I'm getting at least $1 a month from SSI. The problem is that if I lose my health insurance.. I don't think I can get health else unless I'm employed somewhere, but I can't work.
     
    jaiz, Aug 18, 2006 IP
  9. frisby

    frisby Well-Known Member

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    #9
    Is this for all countries or just for USA?
     
    frisby, Aug 18, 2006 IP
  10. shobber

    shobber Peon

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    #10
    In USA anything over $600 in a calendar year will be reported by that company to the IRS. So if you make $300 at google and say $300 at yahoo... I dont think you will get the tax form. However, If you make $601 at google they send you a nice tax form to submit with your taxes. This is one of the reasons when you sign up with adsense they ask for a EIN or SSN. If in doubt here is the google tax link

    google.com/adsense/taxinfo?sourceid=asos&subid=ww-ww-et-HC_entry&medium=link

    Good luck and Don't mess with the IRS.
     
    shobber, Aug 18, 2006 IP
  11. wormy

    wormy Active Member

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    #11
    Well if you "make" $900 a month with adsense you arent really making $900 but $900 minus any server fees, advertising fees etc etc. So its just a matter of how you do your accounting. $900 revenue != $900 profit/income as far as the IRS or SSI are concerned.
     
    wormy, Aug 20, 2006 IP