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Tax info anybody can help

Discussion in 'General Business' started by charbello, Jan 9, 2006.

  1. #1
    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
     
    charbello, Jan 9, 2006 IP
  2. fryman

    fryman Kiss my rep

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  3. charbello

    charbello Peon

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    #3
    but how can I pay my tax for the goverment
     
    charbello, Jan 10, 2006 IP
  4. dadasays

    dadasays Peon

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    #4
    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.
     
    dadasays, Jan 10, 2006 IP
  5. OpelGTMan

    OpelGTMan Peon

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    #5
    Does Google mail a tax related form to you at the end of the year showing your earnings?
     
    OpelGTMan, Jan 10, 2006 IP
  6. charbello

    charbello Peon

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    #6
    That's what I'm asking for the 1099 form
     
    charbello, Jan 10, 2006 IP
  7. stephfoster

    stephfoster Well-Known Member

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    #7
    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.
     
    stephfoster, Jan 10, 2006 IP
  8. Corey Bryant

    Corey Bryant Texan at Heart

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    #8
    Corey Bryant, Jan 13, 2006 IP
  9. TaxesDoneRight

    TaxesDoneRight Peon

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    #9


    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
     
    TaxesDoneRight, Jan 15, 2006 IP
  10. brettmeyers

    brettmeyers Guest

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    #10
    So has anyone received a their tax infromation in the mail from Google yet? I've got everything except that.
     
    brettmeyers, Feb 5, 2006 IP
  11. Jim Guinn

    Jim Guinn Peon

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    #11
    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
     
    Jim Guinn, Feb 6, 2006 IP
  12. charbello

    charbello Peon

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    #12
    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.
     
    charbello, Feb 8, 2006 IP