I live in USA and 2005 was my first year with google . So now what should I do to report my Tax to IRS . Does google send us a payement report or whatever thanks
I don't believe you'll get any tax advice online due to liability. Every situation is unique, and only a tax advisor can help. Go see a tax professional. Part of being in business is, unfortunately, paying these folks a good chunk of your income so you can avoid tax penalties. A tax professional can likely deduct some of your expenses from your income, lowering your tax burden.
If you earn more than $600 during the year, I believe they are required to send you the 1099; that's why they ask for your tax info when you sign up.
Hi, You should report everything to the IRS especially the ad sense as you will receive a 1099-misc for it. It should be done as self-employment taxes but there are times that you don't have to use a scheduleC and you can put it online 21 of a 1040. If you have anymore Tax related don't hesitate to ask. Thanks, Joni
So has anyone received a their tax infromation in the mail from Google yet? I've got everything except that.
They are required to send a 1099 if you earned over $600, but your don't need the "document" to file your taxes, you only need to know the "figure" you made. Did you keep records of the checks you received from Google during 2005?...If so, you have the info you need. Jim
I received my 1099 yesterday , but I made less than 7000 dollars so I don't have to pay tax , but I will still need to reported.