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Adsense - PayPal - Affiliates & Taxes

Discussion in 'Payments' started by TwisterMc, Feb 18, 2005.

  1. #1
    I know that receiving an adsense check or two that I'll need to claim that. Do I just tell the tax guy that google paid me $xxx.00 or do I need a form?

    Now what about PayPal? I received no money from them, but my account has gone up in the past year.

    Any other technicalities I should know about? ;)

    Thanks
    SEMrush
     
    TwisterMc, Feb 18, 2005 IP
    SEMrush
  2. Josh

    Josh Peon

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    #2
    If you earned over $600, Google should have sent you a form.. but if you earned under $600, you don't have to claim it.


    Josh
     
    Josh, Feb 18, 2005 IP
  3. debunked

    debunked Prominent Member

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    #3
    That is $600 combined income from these sources, not just one by one, the taxman wouldn't let that slide.
     
    debunked, Feb 18, 2005 IP
  4. Dastar

    Dastar Active Member

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    #4
    Actually, last time I checked, companies are supposed to report any thing they pay out over $600, but if you earned over $400 in self made income, you have to report it.
     
    Dastar, Feb 18, 2005 IP
  5. TwisterMc

    TwisterMc Mac Guru

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    #5
    I think I'm safe then, but good to know.
     
    TwisterMc, Feb 18, 2005 IP
  6. Estrange

    Estrange Peon

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    #6
    I looked at Inlandrevunue but I couldn't find anything about this subject.
    Do I have to claim and pay tax for what I earned from web services?
    Has anybody know anything about this?
    As far as I know if my bank notice that a quite large amount of money has been credited to my account, they start to investigate.
    But I don't know the limit of this amount?
    Is there anything that I have to be care of?
     
    Estrange, Feb 18, 2005 IP