CCBill and Taxes

Allfetish · 2006-01-17, 02:21 PM

Quote:

Originally Posted by Greenguy

Seeing as 1099's will be mailed out to most of us in the very near future, I have a little task for anyone that's up for it. Compare the dollar amounts on your 1099's to your totals as well as the totals in the affiliates admin area. I bet that some of them are off by a lot of money

I'm definately going to do that. Your other reply kind of shocked me. One reason for a possible small discrepncy, I guess might be accounting systems. Like with your last and first check check of the year. Which tax period do you put it on? I always put mine on the one based upon when it was received.

Toby · 2006-01-17, 02:26 PM

Quote:

Originally Posted by Allfetish

...I always put mine on the one based upon when it was received.

It should be based on the date the check was issued.

Allfetish · 2006-01-17, 02:34 PM

Quote:

Originally Posted by Toby

It should be based on the date the check was issued.

I guess I might be audited then soon.

I do use a cash basis though instead of accrual accounting, so that is why I have always went by when the money was received.

http://www.nolo.com/encyclopedia/articles/sb/cash.html

:shrug:

I suppose this why I am not an accountant.