Tax

Unknown · 11-18-2004, 05:37 PM

Will I have to pay taxes for the adsense program becuase they asked for my SS #.

ZuraX · 11-19-2004, 12:07 AM

If you live in the US and make over $600 in a year, yes you will. Not sure about other countries...

Unknown · 11-19-2004, 05:51 AM

So will they deduct from your Adsense total or charge you?

identity_00 · 11-19-2004, 09:39 AM

No, it is your responsibility to pay your own taxes.

If you're foreign, you still have to file paperwork. I dont know how domainhop gets away with that. I think they'll catch on eventually.

Unknown · 11-19-2004, 02:13 PM

I still dont understand this. You get taxed from the revenue you recive from Google?

RJ · 11-19-2004, 02:24 PM

As a citizen of the United States you are required to file income taxes. Revenue generated from Google would be considered taxable income, that you are responsible for reporting to the IRS and paying taxes on.

Since you're not an employee of Google, they don't take taxes out of your payments. Legally, you're considered an independent contractor. After the year ends, you'll receive a 1099 form from Google stating how much income you received in 2004. If you make over $500/yr, Google will report the amount to the IRS so it will be important you report that income come tax time.

Unknown · 11-19-2004, 02:33 PM

Oh. Ok, I'll have to change the SS to my mothers instead of my sisters.

RJ · 11-19-2004, 02:42 PM

Originally Posted by Unknown

Oh. Ok, I'll have to change the SS to my mothers instead of my sisters.

Just make sure they are aware of what you're doing, or they can end up in tax trouble if the income is significant. You do have your own SSN already. If you are living with parents, they use your SSN ever year to claim you on their tax returns. You could enter your own SSN with Google.
????: NamePros.com http://www.namepros.com/google-adsense/56093-tax.html

You are required to file a tax return if you make $400 or more a year from self employment. It's really not all that painfull if you make less than $10,000/yr

Link-> http://www.irs.gov/taxtopics/tc351.html

Unknown · 11-19-2004, 02:52 PM

I'm under age

bensontwenty · 11-20-2004, 12:08 PM

Originally Posted by Unknown

I'm under age

????: NamePros.com http://www.namepros.com/showthread.php?t=56093
You're never underage when it comes to being able to be taxed! At least in the UK thats the case and I would presume that would be the case in most countries.

Just think, if there was an age limit that you had to reach before being able to be taxed, think of the number of businesses that would be legally owned by toddlers to avoid paying taxes!

DSL · 11-20-2004, 12:50 PM

Originally Posted by Unknown

I'm under age

Do you not get it? It doesnt matter if your underage. Or lets put it this way there is no such thing as being underage when filing taxes. Even if you have a job and your underage you still have to file taxes, and you still get taxes taken from you.

Sergio965 · 11-20-2004, 05:24 PM

How do you pay the taxes if your underage?

I mean...ofcourse you have the pay the texas...but do you also have to fill in the paper thing?

DSL · 11-20-2004, 07:15 PM

Yes, for internet money. But offline the job usually does it for you.

IAmAllanShore · 11-24-2004, 01:31 PM

If you're underage then definitely use your social... You get an automatic standard deduction, so unless you've got another job somewhere, you're safe as long as you make less than $4,000 or so.

You have to claim income, technically, no matter the size. Google will automically report to the IRS any income over $600, but the right thing to do is to report any amount no matter what.

Mind you, not a tax lawyer, fool.com has a free bulletin board system with tax advice, might check out their opinion.

-Allan

Unknown · 11-24-2004, 03:34 PM

For Google I used my mom's SS, but for domainhop, i'm thinking of using mine.

11-18-2004, 05:37 PM	THREAD STARTER #1 (permalink)
Unknown NamePros Regular Join Date: Oct 2004 Location: IL Posts: 657	Tax Will I have to pay taxes for the adsense program becuase they asked for my SS #.

11-19-2004, 12:07 AM	#2 (permalink)
ZuraX Senior Member Join Date: Apr 2003 Location: Pennsylvania USA Posts: 2,684	If you live in the US and make over $600 in a year, yes you will. Not sure about other countries... __________________ Been a NP member for 5 or more years? PM me to join the Social Group!

11-19-2004, 02:24 PM	#6 (permalink)
RJ NamePros Admin Join Date: Feb 2003 Posts: 12,919 Follow @DomainBuyer	As a citizen of the United States you are required to file income taxes. Revenue generated from Google would be considered taxable income, that you are responsible for reporting to the IRS and paying taxes on. Since you're not an employee of Google, they don't take taxes out of your payments. Legally, you're considered an independent contractor. After the year ends, you'll receive a 1099 form from Google stating how much income you received in 2004. If you make over $500/yr, Google will report the amount to the IRS so it will be important you report that income come tax time. __________________ Reach me at rj at namepros dot com

11-24-2004, 01:31 PM	#14 (permalink)
IAmAllanShore NamePros Expert Join Date: Nov 2004 Location: Esse quam videri Posts: 8,316	If you're underage then definitely use your social... You get an automatic standard deduction, so unless you've got another job somewhere, you're safe as long as you make less than $4,000 or so. You have to claim income, technically, no matter the size. Google will automically report to the IRS any income over $600, but the right thing to do is to report any amount no matter what. Mind you, not a tax lawyer, fool.com has a free bulletin board system with tax advice, might check out their opinion. -Allan __________________ Something Witty This Way Comes...

11-19-2004, 05:51 AM	THREAD STARTER #3 (permalink)
Unknown NamePros Regular Join Date: Oct 2004 Location: IL Posts: 657	So will they deduct from your Adsense total or charge you?

11-19-2004, 09:39 AM	#4 (permalink)
identity_00 Senior Member Join Date: Sep 2003 Location: Tacoma, WA Posts: 1,212	No, it is your responsibility to pay your own taxes. If you're foreign, you still have to file paperwork. I dont know how domainhop gets away with that. I think they'll catch on eventually.

11-19-2004, 02:13 PM	THREAD STARTER #5 (permalink)
Unknown NamePros Regular Join Date: Oct 2004 Location: IL Posts: 657	I still dont understand this. You get taxed from the revenue you recive from Google?

11-19-2004, 02:33 PM	THREAD STARTER #7 (permalink)
Unknown NamePros Regular Join Date: Oct 2004 Location: IL Posts: 657	Oh. Ok, I'll have to change the SS to my mothers instead of my sisters.

11-19-2004, 02:52 PM	THREAD STARTER #9 (permalink)
Unknown NamePros Regular Join Date: Oct 2004 Location: IL Posts: 657	I'm under age

11-20-2004, 05:24 PM	#12 (permalink)
Sergio965 Account Suspended Join Date: Apr 2004 Location: ~root Posts: 1,090	How do you pay the taxes if your underage? I mean...ofcourse you have the pay the texas...but do you also have to fill in the paper thing?

11-20-2004, 07:15 PM	#13 (permalink)
DSL Senior Member Join Date: Jun 2003 Posts: 2,115	Yes, for internet money. But offline the job usually does it for you.

11-24-2004, 03:34 PM	THREAD STARTER #15 (permalink)
Unknown NamePros Regular Join Date: Oct 2004 Location: IL Posts: 657	For Google I used my mom's SS, but for domainhop, i'm thinking of using mine.

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