Any way for Google to give Uncle Sam his cut before paying me?

I hate having to owe taxes.

[anon123]

Unlike possibly most, I'd actually prefer to be taxed on each monthly payment so I don't have to worry about paying taxes on Adsense income every year.

The untaxed income you make from Adsense can really add up to quite a big scary payment to the treasury once a year.

I like to do this with all my tax stuff so I usually never owe anything and hopefully get a big refund.

Is this possible? And if it's not, anyone else wish it was?

[ember]

If Google took out taxes you'd be an employee and then they'd have to match your FICA, costing them money which is why they put all of us on a contract basis instead. Just put 20% of your earnings in a savings account each month and earn a little interest on it before giving it to Uncle Sam in April.

[gamiziuk]

Contact Google, and tell them "Yes I am subject to backup withholding from the IRS" and they will be required by law to send 30% of your checks to the IRS.

[jetteroheller]

You have expenses for Your AdSense business.

How should Google know about Your expenses?

So this method would be a big disadvantage for You.

Learn to make Your onw bilance.

[maximillianos]

Just put 20% of your earnings in a savings account each month and earn a little interest on it before giving it to Uncle Sam in April.

Wish that was the case for me. I put about 45% away each month for taxes. Federal taxes, State taxes, FICO/Medicare, Social Security...

If you are self-employed, you have to pay more taxes than the average employed person... about 15% more to cover what an employer would normally contribute to your FICO/Medicare/Social Security, etc.

[farmboy]

I hate having to owe taxes.

Keep that in mind on November 4th.

FarmBoy

[Roseb44170]

As a person that does research for a living you have to know that since this is the government we are talking about why would you expect it to be easy and/or logical?

I filed my taxes this year and this is the first time that I had to add my adsense income to the mix and since it was "self-employed" income I had to pay the self-employment tax - so I can forget about getting a refund. Add to that in my local area we have a one percent earned income tax that we have to pay quarterly - on ANY amount that we earn.

Looking at the bright / positive side at least there were some business expenses that I deducted.

I think this falls under the heading of "you can't have your cake and eat it too"

[farmboy]

If you get a refund, it's because you gave the government an interest free loan. It never ceases to amaze me how many people enjoy giving government an interest free loan and even seek out ways to give the government a larger loan each year.

FarmBoy

[LostOne]

You should think about paying quarterly estimated payments. Not only does the IRS prefer it, but chances are better you won't fall behind. I've known many that can't pay that large April tax bill..including myself and it just gets worse.

[irs.gov...]

[ecmedia]

LostOne, to the best of my knowledge, estimated quarterly taxes is a legal requirement (provided, of course, that your income is large enough -- the IRS provides calculations based on your personal tax situations). My understanding is that even though you may want to pay all the taxes April 15th but by law you are required to file quarterly estimated taxes (obviously, I want to repeat that we are talking people with tens of thousands of dollars in annual AdSense income).

[farmboy]

...obviously, I want to repeat that we are talking people with tens of thousands of dollars in annual AdSense income)...

Or maybe just self-employment income in general with AdSense constituting a part of the total.

FarmBoy