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foreign sponsor, US webmaster, pay taxes?
maybe this is a dumb question.. but lets say a sponsor is non-US.. and I'm from the US, do I report those earnings to mr irs? thanks in advance people.
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pay taxes or go to jail. why is that so hard for people to figure?
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I do pay my taxes, this was just my first time dealing with a foreign sponsor.
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Title 17 of the IRS code states that income made outside of the united states is NOT taxable income..
The ONLY income that may be taxed is income earned within these united states.. So, no.. The sponsor is not reporting that income to the irs, neither should you... However, that ONLY apllies if the check is made out to an individual.. If the check is made out to a company..a whole new set of rules comes into play.. |
I would suggest talking with an accountant about such matters.
As for spacedog's comments. You missed a major point big guy. The income IS made in the United States so it IS taxable. It's just paid by an offshore company. ------------------ Candid Clicks Earn up to 4 cents a click for blind link traffic! NO CONVERSIONS, NO BS! |
if you generate income, you have to pay taxes on it. doesn't matter where your sponsor is.
i'm Canadian, but my company uses ibill. i'm hosted in the US. does this mean i don't have to pay taxes ;) |
Income made outside of the US - up to like 80K is exempt.
HOWEVER - AND THIS IS THE BIG HOWEVER; You have to BE IN THAT COUNTRY for it to be exempt. Other exclusions requirements may apply - see your accountant for details. I don't think it is a stupid question, but it just isn't going to work http://bbs.gofuckyourself.net/board/smile.gif If it did - all the foreign sponsors would be getting much more business. There are ways to reduce your tax burden. You may want to look into the book "Loopholes of the Rich", but most of it requires the use of a professional. You have to pay taxes one way or another - but you may be able to take advantage of certain perks if you have a corporation set up. ------------------ TopBucks.com - Converting at better than 1:130 David Lace Content - Highest Quality Teen Content ConversionCash.com - Make Money off your WebTV Traffic |
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Offshore income is not taxable by the irs.. Do you really think that an offshore company is going to fucking send 1099's out for us webmasters.. Also, canadian webmasters are not required to pay any fucking taxes to us.. I dont know how canada's tax system works..so I can only tell you about us tax.. It's an offshore company..If you were paid as an individual, don't bother.. No one's gonna know.. Oh..Candid.. You want more tax info, Go here.. http://www.keen.com/documents/comput...tvmv9vL66VMabw [This message has been edited by spacedog (edited 01-14-2002).] |
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[This message has been edited by quiet (edited 01-14-2002).] |
you generate income in your country, you pay taxes. end of story.
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If you make $500 from a foreign country - you are probably right. No one is going to know.
However, if you are making real money - your chances of getting audited go up. How are you going to explain these deposits? It is illegal - just because you probably will get away with it does not make it legal. Just because you don't get a 1099 doesn't mean you don't have to report it. You think 7-11s don't have to report their slurpy sales just because their customers don't 1099 them? You might get away with it one year, even two, even forever. If you get caught - the IRS will go back through all your past returns and make you wish you had paid. Feel free to take the risk, but others will want to follow the law. |
The only way foreign income is NOT taxable in the US is if the money never gets to the US. If the money lands in a bank account in the US, it's taxable in the US at whatever rates are applicable. Spacedog, your'e dead wrong bud. yes, there are certain exemptions and limits but you should see an accountant about it.
Trust me...I've been doing business overseas in this industry and others for years. ------------------ Post your galleries here! Make 60% recurring (no fees) with these Babes! <A HREF="http://refer.ccbill.com/cgi-bin/clicks.cgi?CA=914709&PA=210461" TARGET=_blank> http://www.barefantasy.com/banners/linkup3.gif The Professional TGP Submitter! </A> |
I got a check from a UK sponsor..
The check is a handwritten cashiers bank check.. DO you really think this gets reported to the irs.. Why would any sensible person do that.. There's no tangible records that the is has access too.. so fucking what if there's an audit.. They have to PROVE that you EARNED it.. I can go deposit 1 million $$$ into an account & the irs can audit me all fucking year long.. They have to PROVE that the $$$ was INCOME & where it came from!!! Fuck..It's not that hard.. I live in one state & work in another..do you think I pay taxes to the state I live in for income I made in the other?? NO!!, Nor do I pay taxes to the latter.. I am saying as an individual..NOT A COMPANY!!! What i suggested does NOT APPLY to companies.. Only individuals.. look it up..its in their own books.. IRS code title 17 damn it.. I studied the damn thing.. |
Stop crying.
If they want to find it, they will... |
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I havent paid taxes in over 10 years...
I never owe & never pay a single cent..& when taxes get withheld I get 100% returned PLUS more.. Shit..I even get money back when I didnt even pay any http://bbs.gofuckyourself.net/board/smile.gif I've been studying us tax laws for 10 years.. They never get NOTHING from me... You don't have to pay jack shit!!! It's all in their own laws.. http://www.livetaxfree.com/vultures.htm |
lol
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For those of us who have been audited, before
Innocent until proven guilty - criminal law Guilty until proven innocent - Tax Law They Assess you, they say you owe the governement $40,000.00, you have to prove them wrong, and if they (the tax guys) are talking to you very nice and politely on the phone = it means they have something on you and they are very happy http://bbs.gofuckyourself.net/board/biggrin.gif if they are sounding quite annoyed on the phone = it means that they are still digging for info, and haven't quite got enough info, to nail your balls to the walls http://bbs.gofuckyourself.net/board/wink.gif |
Oh man, another one of those wannabe tax freedom fools.
Don't pick up the soap, Spacedog. ------------------ Post your galleries here! Make 60% recurring (no fees) with these Babes! <A HREF="http://refer.ccbill.com/cgi-bin/clicks.cgi?CA=914709&PA=210461" TARGET=_blank> http://www.barefantasy.com/banners/linkup3.gif The Professional TGP Submitter! </A> |
There is no Title 17 - Title 17 has to do with copyrights. IRS code is Title 26. You have studied nothing but PUBLICATION 17. You need to study better as it specifically states:
--- Foreign income. If you are a U.S. citizen or resident alien, you must report income from sources outside the United States (foreign income) on your tax return unless it is exempt by U.S. law. This is true whether you reside inside or outside the United States and whether or not you receive a Form W-2, Wage and Tax Statement, or Form 1099 from the foreign payer. This applies to earned income (such as wages and tips) as well as unearned income (such as interest, dividends, capital gains, pensions, rents, and royalties). If you reside outside the United States, you may be able to exclude part or all of your foreign source earned income. For details, see Publication 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad. --- http://www.irs.gov/prod/forms_pubs/pubs/p1706h1.htm Also, the site you point to has numerous books written by Lynne Meredith - whose office was raided by the IRS two - three years ago. She is a tax protestor - and although as far as I know she has yet to be tried - there are plenty of tax protestors rotting in jail for similar brilliant thoughts. ------------------ TopBucks.com - Converting at better than 1:130 David Lace Content - Highest Quality Teen Content ConversionCash.com - Make Money off your WebTV Traffic |
Bad attitude Spacedog...no offense, but after hearing how poor you are (dude, you don't even have a credit card), I would NOT take any tax advice from you. Spacedog, OF COURSE offshore income is taxable! That is one of the most lame things I've heard tonight. You do not know much about taxes, so please don't presume to give people such poor advice. Please mail me a postcard from jail in a few years.
Bottom line, PAY YOUR TAXES! As many others have pointed out, it doesn't matter where the income comes from (be it US or UK), if you earn the cash while you live in the US, then you need to pay taxes on it. |
spacedog,
That little "loophole" where offshore income isn't taxable only applies if you are in that country when getting that income. If you are LIVING IN THE UNITED STATES you still have to pay taxes on that income, even if it is from an offshore company. Also even if the sponsor doesn't send 1099s because they are offshore doesn't mean the IRS doesn't know. The bank will report your revenues even if the sponsor doesn't! So there goes that theory. Of course you admitted to cashing your checks at a grocery store, which probably won't be reporting your revenues to the IRS. For someone who claims to have been studying tax law for 10 years you're pretty laughable. Maybe you should go and pay off those loans that you're franticly hiding from and try to rebuild that shit credit of yours before making such bold claims. ------------------ Candid Clicks Earn up to 4 cents a click for blind link traffic! NO CONVERSIONS, NO BS! |
I'm not hiding from shit...
The fucking government knows my every fricken move... How do you think I know of lynne merideth.. I know Lynne... I can't hide from nothing..and the reason she was never tried is because everything in her book is TRUE & LEGAL.... The reason the government tried to charge & stop her is because they don't want the public to know... There's also aliens in new mexico too... |
I think Spacedog is mentally ill.
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how can someone lives in states and havent paid a dime for 10 whole years? Our system with the american has something in common: if they caught you.....you're fucked up for good.
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Too funny, you just publicly confessed to a federal crime...Tax evasion is nothing to take lightly you bone head...LOL..what a ding dong....... ------------------ It's All About Clicks |
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You're not too fucking bright are you.. Who said anyone commited a fucking crime asshole!!! Who the fuck do all you people think you are with all your holier than thou bullshit attitudes..Few of you here are the biggest friggen crooks on the net & shouldn't be meddling.. I just love how you stupid fucks ALWAYS twist everything around & put words in peoples mouth.. Did I say I committed a fucking crime you asshole..NO!! Learn how to read you fucking illiterate fuck.. I want you to explain to me how this translates into fucking tax evasion!!! Quote:
What about this one, you shit for brains.. Quote:
That I filed a fucking return you nimbwit... I do EVERYTHING by the fucking book!!! And it is the IRS laws..not mine.. It is them that created certain loopholes.. I just know how to legally use them... Besides.. Who said I was a fucking citizen... You dont know your dick form your ass or what to do with it.. so keep your fucking bloody cake hole shut!!! |
Spacedog, you are the most belligerent, arrogant newbie I've ever seen in the 4 years I've been in the business. All you seem to do is insult people...most of whom are much more experienced than you are. Get that chip off your shoulder and start behaving like a sane human being, instead of like someone who just escaped from the mental hospital. Geeze.
I could care less if you pay taxes or not (or if you end up in jail or not), but stop giving people such poor advice because you obviously do not know all the facts. |
spacedog, i talked to the irs on the phone - 3 different people at the irs. you DO have to pay taxes on the income from other countries - UNLESS you paid taxes on it in another country.
you ARE committing a crime in this country if you earn and use your money here and do not pay taxes. or so says the irs. |
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I don't think so.. My reply was for wired doctor.. Pretty damn fucking clever for you people to jump on what i fucking said & twist everything around & put fucking words in my mouth.. I also find it very fucking amusing that all of a sudden one of the webs biggest crooks is an advocate for us law.. I think thats bullshit!!! What a fucking crock... |
Spacedog, I don't care who you were replying to. My comment was a general one in response to all of your ridiculous posts. As I said, you are the most belligerent, arrogant newbie I've ever seen.
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Spacedog,
I'm not a big fan of the IRS, but you clearly don't know what you are doing. You aren't even responsible with money since your credit is totally fucked, why should anyone take tax advice from you? The bottom line is you're WRONG. Basschick is 100% right about what she just said. ------------------ Candid Clicks Earn up to 4 cents a click for blind link traffic! NO CONVERSIONS, NO BS! |
thanks for your replies everyone. i'll remember not to put a check on 'e-mail me when somebody replies' next time, ohhh mamma thats a fat mailbox
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just because you can get away with it one year doesn't mean you are clean,, remember IRS has 7 years to catch your ass,,,
getting your assests liquidated and auctioned off is something the IRS has no problem doing,, dont fuck with the IRS.. Pay your taxes and just write off as much shit as you can,, ------------------ www.NoBSdialer.com Sign up for Click Cash and Get a $50 free bonus Nice Clean Galleries |
The IRS is wrong...
You only have to pay under certain circumstances.. You see.. With all the factors taken into account in the situation.. Some people go and never pay a fucking dime in taxes.. WHY!! Exemptions, deductions, losses.. THAT is what determines if you pay or not!! you people jump on my fucking ass for not including every minor fucking detail... What, do I need to fucking write a whole fucking book for my point to be clear without some moron putting words in my mouth & twisting it all up & make it look like I meant one thing when I meant another.. WHATEVER.. I didn't fucking do tax seminars at Hesser college for nothing dumbass.. |
Spacedog, first off I'm not going to address every comment you made becaus they are each as stupid as each other. I do remember a post of yours telling everyone how you don't have a bank account and cant get one and cash your checks at a grocery store. Are you reporting all this income??.
Seriously you are about the stupidest person i have ever seen in this biz. Everytime you open your mouth you stick your foot in it .....But I will give you this, it's fun to hear the point of view from someone who rides on the short bus to the Grocery Bank..oops I meant the anti IRS check cashing booth..... ------------------ It's All About Clicks |
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That "college" is a joke! You can be a high school drop out with no GED and still be accepted to Hesser College lol. ------------------ Candid Clicks Earn up to 4 cents a click for blind link traffic! NO CONVERSIONS, NO BS! |
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What fucking business is it of yours how I choose to cash my checks or what I do period.. What the fuck is it to you!!! Fuckoff you flaming fucking shitbag!!! & what does cashing fucking checks have to do with the fucking IRS!!! Huh Shitbag!!! Wether I cash them at the fucking grocery store, or at the fucking bar, or at the fucking bank they were drawn on, or open a fucking account..NONE of that has anything at all to fucking do with fucking taxes & irs.. Since when is having a fucking checking acct required to fucking report income.. How I run MY business should be of no concern to you..Peice of shit!!!! Do you fucking know me!!! NO!! I'm damn fucking sure candidclicks knows me personally... But you wiredfucker..Fuck off..You don't know adam!! |
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I was the fucking professor..not a student.. |
Hey Candid, hows it going Bro? Hope you and your gang are doing well.. http://bbs.gofuckyourself.net/board/smile.gif
Hey I thought that was Heffer College in Munchester NH ??..hehehhehe Spacedog, just work hard, pay you taxes that are due, use all the legal loop holes you can legally, and don't worry about a thing. The fact of the matter remains the same, that IRS stands for nothing but Internal Rectal Scraping... http://bbs.gofuckyourself.net/board/smile.gif ------------------ Smile and Be Happy Lightning Free Hosting Gay Free Hosting Girls Host |
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