CCBill Tax Reporting - GoFuckYourself.com

Slick · 03-13-2008, 07:51 AM

I was wondering if anyone can give a definate answer on this. For the last few years when I report my taxes, I just list income as CCBill 1 and CCBill 2 for each master account that I have.

Does CCBill actually report income to the IRS or is it up to the sponsors themselves to do it and if so, should I report each sponsor's individual income ??

I'm just trying to keep my ass covered to keep the auditors away, ha ha.

Slick · 03-13-2008, 11:46 AM

I guess nobody knows ?

Va2k · 03-13-2008, 12:22 PM

Quote:

Originally Posted by Slick

I was wondering if anyone can give a definate answer on this. For the last few years when I report my taxes, I just list income as CCBill 1 and CCBill 2 for each master account that I have.

Does CCBill actually report income to the IRS or is it up to the sponsors themselves to do it and if so, should I report each sponsor's individual income ??

I'm just trying to keep my ass covered to keep the auditors away, ha ha.

Well they do send w9 forms to us peeps, so what ya think?

Slick · 03-13-2008, 12:48 PM

Quote:

Originally Posted by Fungus

Well they do send w9 forms to us peeps, so what ya think?

I've never gotten any tax forms, w9 or 1099 from CCBill or any CCbill sponsors.

DWB · 03-13-2008, 12:59 PM

I never got any forms from CCbill. You did?

CCBill Paul · 03-13-2008, 01:31 PM

I can't really offer any advice but I can tell you it is strictly up to you to report your income, we won't do it for you

Slick · 03-13-2008, 04:02 PM

Quote:

Originally Posted by CCBill Paul

I can't really offer any advice but I can tell you it is strictly up to you to report your income, we won't do it for you

Hey Paul, thanks for taking the time to give me a clear answer on this, I greatly appreciate it. I've always wondered how it worked on your end. I've heard a couple of different answers. Some people said CCBill DID report earnings, others said that CCBill just handles the transactions thus, they don't report, others said individual sponsors did the reporting. Now I know

I've always reported all earnings, even though my accountant thought I was crazy for doing so, ha ha. I always figure that it's better to be safe than sorry

chadknowslaw · 03-13-2008, 06:49 PM

I have never known a 1099 to be sent out from CC Bill for website revenue that CC Bill processed. If no 1099 is sent, that generally means that the payment was not reported. As CC Bill is just processing and not paying for services, what they are doing is perfectly proper by not sending a 1099. However, the onus is on the recipient of the income to report that income and as was said above, it is much better to tell the truth up front than get caught under-reporting.

TMM_John · 03-13-2008, 07:02 PM

Quote:

Originally Posted by chadknowslaw

I have never known a 1099 to be sent out from CC Bill for website revenue that CC Bill processed. If no 1099 is sent, that generally means that the payment was not reported. As CC Bill is just processing and not paying for services, what they are doing is perfectly proper by not sending a 1099. However, the onus is on the recipient of the income to report that income and as was said above, it is much better to tell the truth up front than get caught under-reporting.

Chad, can you shoot me an ICQ if you have a moment, 5596373 (or AIM, JohnA1078). Thanks.

Iron Fist · 03-13-2008, 07:51 PM

Serious Business

Barefootsies · 03-13-2008, 07:59 PM

Quote:

Originally Posted by DirtyWhiteBoy

I never got any forms from CCbill. You did?

Same here.

I've never received a W2, or 1099 from any company I do business with. Including Verotel, CCB, Paypal, C4S, etc.

chadknowslaw · 03-13-2008, 09:55 PM

Quote:

Originally Posted by PBucksJohn

Chad, can you shoot me an ICQ if you have a moment, 5596373 (or AIM, JohnA1078). Thanks.

can you email me? I don't have ICQ or AIM on this computer. Life seems so much better without instant messengers . . . . .

chadwickaz at yahoo

03-13-2008, 07:51 AM	#1
Slick Confirmed User Industry Role: Join Date: Feb 2001 Location: Houghton, MI Posts: 7,338	CCBill Tax Reporting I was wondering if anyone can give a definate answer on this. For the last few years when I report my taxes, I just list income as CCBill 1 and CCBill 2 for each master account that I have. Does CCBill actually report income to the IRS or is it up to the sponsors themselves to do it and if so, should I report each sponsor's individual income ?? I'm just trying to keep my ass covered to keep the auditors away, ha ha.

03-13-2008, 01:31 PM	#6
CCBill Paul Confirmed User Industry Role: Join Date: Feb 2004 Location: Cardinal Nation Posts: 1,005	I can't really offer any advice but I can tell you it is strictly up to you to report your income, we won't do it for you __________________ Paulk @ CCBill.com \| icq 248615940

03-13-2008, 06:49 PM	#8
chadknowslaw Confirmed User Join Date: Aug 2004 Location: Phoenix, Arizona Posts: 343	I have never known a 1099 to be sent out from CC Bill for website revenue that CC Bill processed. If no 1099 is sent, that generally means that the payment was not reported. As CC Bill is just processing and not paying for services, what they are doing is perfectly proper by not sending a 1099. However, the onus is on the recipient of the income to report that income and as was said above, it is much better to tell the truth up front than get caught under-reporting. __________________ ChadKnowsLaw

03-13-2008, 07:51 PM	#10
Iron Fist Too lazy to set a custom title Join Date: Dec 2006 Posts: 23,400	Serious Business __________________ i like waffles

03-13-2008, 11:46 AM	#2
Slick Confirmed User Industry Role: Join Date: Feb 2001 Location: Houghton, MI Posts: 7,338	I guess nobody knows ?

03-13-2008, 12:59 PM	#5
DWB Registered User Industry Role: Join Date: Jul 2003 Location: Encrypted. Access denied. Posts: 31,779	I never got any forms from CCbill. You did?