Quote:
Originally Posted by After Shock Media
I have found over the years that most small programs never send 1099's. I think many who run just on ccbill or paycom presume that they do not need to send the affiliates anything, plus hell how many actually have accountants or any real world business knowledge. Of course with NATS and MPA3 out there and those owners doing self payrolls, again most smaller to mid site owners also neglect to send these.
As it has been mentioned one must always keep track of every damn penny they earn all by themselves. Even from those companies you do not earn at least 600.00 a year from.
Then if you are really smart and happen to use Epassporte, one would make damn sure to mark each payment in your books as Epassporte and make sure your accountant does the same so that you can account for every damn penny you send or receive via this off shore method. Nothing is going to raise flags like off shore crap for the next several years. Have any doubts, check current laws, political talk, IRS budget allotments, etc.
|
Yep, My first year in adult I relied on 1099s and it created such a headache for me I decided never again. Now I have a spreadsheet and I keep track of every penny in and out. It is much easier, only takes a few minutes a week to keep current and saves me time and money at tax time.