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taxes and adsense

     
7:37 pm on Oct 2, 2016 (gmt 0)

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I had two questions. Does adsense have a 1099 for particular years in the interface anywhere.

Second when you are reporting your earnings. Do you base it on when you are paid or when you earned the money.
11:27 pm on Oct 2, 2016 (gmt 0)

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Does adsense have a 1099 for particular years in the interface anywhere.


I don't think so.

Second when you are reporting your earnings. Do you base it on when you are paid or when you earned the money.


Depends on whether you are using the cash or accrual method of accounting. Do a search for those terms to see the difference. You might also want to talk to an accountant.
1:16 am on Oct 3, 2016 (gmt 0)

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Adsense sends you an earned income statement via mail just like any other company.
4:17 am on Oct 3, 2016 (gmt 0)

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You will report your Adsense earnings to the IRS based on when payments are actually received. For example, your December 2015 earnings will go on your 2016 tax return (which you file in 2017) because they weren't released to you until the following year.

Google will provide you with a document which makes it easy for you come tax time.

PS: You can delay receiving Adsense payments which may work to your tax advantage.
4:45 am on Oct 3, 2016 (gmt 0)

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You will report your Adsense earnings to the IRS based on when payments are actually received.


What you do depends on your accounting method, cash or accrual. Not everyone reports income the same way.
9:09 am on Oct 3, 2016 (gmt 0)

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I stand corrected.

"You can compute your taxable income under any of the following accounting methods:

Cash method.
Accrual method.
Special methods of accounting for certain items of income and expenses.
A hybrid method which combines elements of two or more of the above accounting methods.

An accounting method is a set of rules used to determine when income and expenses are reported on your tax return. Your accounting method includes not only your overall method of accounting, but also the accounting treatment you use for any material item.

You choose an accounting method when you file your first tax return. If you later want to change your accounting method, you must get IRS approval.

No single accounting method is required of all taxpayers. You must use a system that clearly reflects your income and expenses and you must maintain records that will enable you to file a correct return. In addition to your permanent accounting books, you must keep any other records necessary to support the entries on your books and tax returns.

You must use the same accounting method from year to year. An accounting method clearly reflects income only if all items of gross income and expenses are treated the same from year to year.

If you do not regularly use an accounting method that clearly reflects your income, your income will be refigured under the method that, in the opinion of the IRS, does clearly reflect income."
5:49 am on Oct 5, 2016 (gmt 0)

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The 1099 sent by adsense is based on the amount that you are actually paid through the year (deposit into the bank account).

Meaning that december earning goes into next year because you get paid in january.

In terms of IRS reporting, I just use the 1099 number to make things easy for me.
7:16 pm on Oct 5, 2016 (gmt 0)

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In matters such as taxation, always consult a known professional. All too often it becomes cheaper, as well as safer in the long run.