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Tax question (US):

Do I need certain tax forms from Google?

     
10:20 pm on Feb 15, 2006 (gmt 0)

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Can anyone comment on this or tell me about his/her experience? I did not make a lot of money in 2005 (About $300). I don't think that's enough for me to pay anything. But anyway I'll probably have to report this amount. Do I need forms from Google stating how much I made? OR do I simply put this amount in some item on the regular tax forms? Thank you very much for your advice.
10:35 pm on Feb 15, 2006 (gmt 0)

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If you live in the US they will send you a form, w2 I think, which you will copy and send to the irs, and include on your total income.
10:39 pm on Feb 15, 2006 (gmt 0)

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But when will this happen? I mean, when will I get my W2? Did anyone of you already receive it?
Or do I have to ask them to send it to me?
10:51 pm on Feb 15, 2006 (gmt 0)

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You should get a Form 1099 - Miscellaneous Income statement (not a W-2) if you've earned more than $600 from AdSense during the year.

(Google can send a Form 1099 if you earn less than that, but I don't know if they do.)

11:23 pm on Feb 15, 2006 (gmt 0)

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U.S. companies are required to send out their 1099s by Jan. 31. (See a prior thread about this exact issue several weeks back.) If you earned less than $600, they are not required to send you one.

As a self-employed person, you are required to complete Form C to report your income/expenses. If you earn more than $400 (net), you are required to complete Form SE and attach it to your Form 1040.

For more information, consult your tax advisor or www.irs.gov.

11:31 pm on Feb 15, 2006 (gmt 0)

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I've received my 1099 from Google. I already completed my tax forms since I knew how much Google paid me every month.
11:35 pm on Feb 15, 2006 (gmt 0)

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Can anyone comment on this or tell me about his/her experience? I did not make a lot of money in 2005 (About $300). I don't think that's enough for me to pay anything. But anyway I'll probably have to report this amount. Do I need forms from Google stating how much I made? OR do I simply put this amount in some item on the regular tax forms? Thank you very much for your advice.

Since you made less than $600.00, you will probably not receive a 1099-MISC. However, you're still required to report the amount you made as income, which would be considered as "nonemployee compensation".

[edited by: bobothecat at 11:47 pm (utc) on Feb. 15, 2006]

ann

11:38 pm on Feb 15, 2006 (gmt 0)

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you will need a schedule C for self employment income if you have expenses such as hosting fees, etc.
11:57 pm on Feb 15, 2006 (gmt 0)

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if thats the case, has anyone NOT yet received their 1099 form?

Because i haven't receivecd mine. I am not sure it's because of the reason i just moved. But i had my old mailing address forwarded to the new one.

And also, my first time submitting tax.

12:46 am on Feb 16, 2006 (gmt 0)

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I have not received a 1099

ann

3:23 am on Feb 16, 2006 (gmt 0)

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It is quite possible that you will not recieve one if you did not earn at least $400.00 in SE income as that is the amount where you MUST file it.

Of course if you have other income any negative figure you come up with after hosting fees, etc, can be deducted from your other income (salary) to cut down your taxes.

Happy April the 15th!

12:56 pm on Feb 16, 2006 (gmt 0)

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Thanks for your answers. I guess I'll just talk to my tax-advisor and we will probably put the few dollars I made last year (< $400) on the regular forms that I have to file anyway. So I guess it's no 1099 for me then.
Sven