Newsletter Tax Time

Greenguy · 2004-01-26, 11:28 AM

US Based companies are supposed to send out 1099's to anyone in the US that earned over $600 for the year & they are supposed to be mailed by Jan 31st.

Some companies send them out to non-US webmasters, which my accountant told me is incorrect (you just report that outgoing money in another area of the tax form)

Sponsors are supposed to send them & processors are not - technically, the processor is just sending money out on the sponsors behalf.

Of course, I've never seen a 1099 from a sponsor that has the processor pay the webmasters for them - LOL

2004-01-26, 11:28 AM	#2
Greenguy The Original Greenguy (Est'd 1996) & AVN HOF Member - I Crop Pics For Thumbs In My Sleep Join Date: Feb 2003 Location: Blasdell, NY (shithole suburb south of Buffalo) Posts: 41,929	US Based companies are supposed to send out 1099's to anyone in the US that earned over $600 for the year & they are supposed to be mailed by Jan 31st. Some companies send them out to non-US webmasters, which my accountant told me is incorrect (you just report that outgoing money in another area of the tax form) Sponsors are supposed to send them & processors are not - technically, the processor is just sending money out on the sponsors behalf. Of course, I've never seen a 1099 from a sponsor that has the processor pay the webmasters for them - LOL __________________ Promote POV Porn Cash By Building & Submitting Galleries to the Porn Luv Network