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Tax Withholding
Google withheld tax from my last payment
Treo650




msg:1357260
 5:03 pm on Mar 27, 2005 (gmt 0)

I have a U.S. corporation with an EIN number registered with Google AdSense. The most recently reported payment (not yet received) was reduced by an approximate 25% "Tax Withheld". Has anyone else experienced this? There was no indication or justification whether Google Adsense wittheld State, Federal or Local taxes. Is this now going to happen every month or was this a one-time withholding?

Surprised!

 

rvbuilder




msg:1357320
 4:04 pm on Apr 18, 2005 (gmt 0)

I just updated my account and taxes after reading this post. I set up an llc and pay myself a paycheck weekly from the business account which will allow ytou to onbly be required for a 15% tax on the revenue. If you take all the money then you are required to pay based on tax bracket.

Google will now initiate payments to you. You can expect to be paid in the payment cycle that follows the first month in which you accumulate more than $100 in earnings in accordance with the Google AdSense Online Program Agreement.

If you checked the "subject to backup withholding" box on the W-9 or indicated a non-zero withholding % on the W-8 BEN, Google is required to withhold up to 30% from payments made to you under the Google AdSense Online Program Agreement for U.S. income tax purposes. You may also need to pay additional taxes on these payments.

Otherwise, Google is not required to withhold taxes from payments made to you under the Google AdSense Online Program Agreement for U.S. income tax purposes. However, you may still need to pay taxes on these payments.

Please note that the tax information collection interface and any tax-related information provided by Google is not intended as and should not be construed as legal, tax, or investment advice. You should always consult your tax advisor to help answer specific questions regarding how tax laws apply to you and/or your business. The tax summary we have provided is necessarily incomplete, and the tax laws and regulations are subject to change. Therefore, Google does not guarantee and is not liable for the accuracy or completeness of any tax information provided, or any results or outcome as a result of the use of this information. For specific information regarding U.S. tax requirements, please visit the IRS website located at [irs.gov....]

Google uses industry-standard SSL (secure socket layer) technology to protect this and other personal information you provide us. In addition, Google stores taxpayer ID numbers in encrypted format for additional security. Please read the Google Privacy Policy for more information about what we do to protect your privacy.

Cheers,

James

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