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AdSense 1099-misc
received 2 copies today
dcheney




msg:4642211
 11:03 pm on Feb 3, 2014 (gmt 0)

So today I received my 1099-misc for 2013 - perfectly normal.

The problem is I received two copies (in separate envelopes). The figures are the same, even the postmarks are the same.

Neither is marked "amended".

Anyone else seeing this?

 

netmeg




msg:4642215
 11:08 pm on Feb 3, 2014 (gmt 0)

I never get one.

BillyS




msg:4642219
 11:48 pm on Feb 3, 2014 (gmt 0)

I didn't get one yet. Unfortunately, the mail delivery in my town is horrible too. I get my neighbor's mail all the time. :(

ember




msg:4642228
 12:32 am on Feb 4, 2014 (gmt 0)

Set up an S corp and you won't receive one. Saves on taxes.

dcheney




msg:4642234
 1:05 am on Feb 4, 2014 (gmt 0)

My operation isn't big enough to worry about that - schedule c is just fine

I just hope they didn't double report to the IRS!

avalon37




msg:4642380
 3:40 pm on Feb 4, 2014 (gmt 0)

Just one copy here.

LifeinAsia




msg:4642388
 4:24 pm on Feb 4, 2014 (gmt 0)

Set up an S corp and you won't receive one. Saves on taxes.

Not necessarily. As in all things tax related- your mileage may vary.

In California, corps (including S corps & LLCs) are subject to a minimum $800 franchise tax annually. Even if your business has a loss, you still have to pay the $800. (And if you decide to close your business and forget to file the paperwork before the end of the year, you'll have to pay the $800 tax each year until you file to close it. Even if you file on Jan. 2.)

ember




msg:4642471
 12:47 am on Feb 5, 2014 (gmt 0)

Re: S corp, yes, then it might not worth setting up one in CA. In CO, I pay fed and state tax on all of my profits, but I only pay FICA taxes on what I pay myself as a salary (which has to be reasonable). So a significant amount of income is not subject to FICA tax. On Schedule C, it is all subject to the 15.3% tax. BTW, I am not an accountant.

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