How does the IRS know your income?
- Thread starter Brainzzzz
- Start date
SkyrocketSEO
BANNED
- Nov 5, 2012
- 4,614
- 12,219
Well, the thing is, which country you live in?
SkyrocketSEO
BANNED
- Nov 5, 2012
- 4,614
- 12,219
Well, if that's the case you know what you're supposed to do...
zebrahat
Elite Member
- Aug 6, 2008
- 2,514
- 3,037
In the case of business earnings, information reports such as 1099s are sent by US companies to the IRS, especially if the amounts are above $600 per year, from which the IRS presumes the money you received as 'income.' A US bank may also submit 1099s.
UptonGoodwin
Power Member
- Jan 11, 2012
- 593
- 285
Yep, the companies that pay you report paying you to the irs. All the irs does is make sure you pay your taxes.
OR if you have say a 9-5 job, or whatever, you normally fill out a W2, which is them taking taxes out first, before dispersing any money.
jimmylegs
Senior Member
- Oct 1, 2013
- 959
- 295
zebrahat
Elite Member
- Aug 6, 2008
- 2,514
- 3,037
Unless, of course, you don't have taxes to pay. Avoid unneeded presumptions or erroneous misapplication of a liability, by (wherever possible) minimizing submission of the government-assigned SSN on any paperwork or application. The slave number and paper trail creates the presumption of liability, whether one exists or not.
funkybunker
Supreme Member
- May 14, 2013
- 1,264
- 1,812
For a newb you sure made an ignorant 1st post. Stop buying aged BHW accounts.
To OP; I suggest registering your business as well. So many costs can be marked as expenses, it's silly not to.
funkybunker
Supreme Member
- May 14, 2013
- 1,264
- 1,812
You do know what a blackhat is right? Plus what does post count have too do with anything? Also I didn't buy an aged account, just lurked alot and haven't been on in a while. Stop making assumptions
7 months lurking.
I pray you learn what a black hat is since you need to ask me.
As I said I have It has been a while since I have been on and I was asking if you knew what it meant. Anyway I do not want to derail this tread anylonger so I will leave it there
wackiin
Junior Member
- Dec 4, 2008
- 166
- 44
Blackhat has nothing to do with the IRS lets use a example
You make more then 10k and they pay you in cash
you take that 10k and put it in the bank the IRS knows at that point unless its changed anything that hits your account regardless if you get a 1099 w2 etc doesnt matter
If its over 9900 the IRS knows right away .
and if your sponsor is in the US they know anyway because if they do not turn your income in they have to pay the tax on that income.
After going around with them for years because of bullshit believe me that is one group you do not want in your biz .Once they start they will find EVERYTHING lmao
And to the guys talking about offshore accounts go and try that shit and see if it works while you live in the usa.
You make more then 10k and they pay you in cash
you take that 10k and put it in the bank the IRS knows at that point unless its changed anything that hits your account regardless if you get a 1099 w2 etc doesnt matter
If its over 9900 the IRS knows right away .
and if your sponsor is in the US they know anyway because if they do not turn your income in they have to pay the tax on that income.
After going around with them for years because of bullshit believe me that is one group you do not want in your biz .Once they start they will find EVERYTHING lmao
And to the guys talking about offshore accounts go and try that shit and see if it works while you live in the usa.
What US companies are these... How can US companies get such information on my bank account.
- Mar 21, 2010
- 479
- 179
Do you make your money from affiliate sales such as ClickBank, Commission Junction, Share-a-Sale, LinkShare, etc?
Do customers pay you via PayPal?
Do you sell via a shopping cart and merchant account?
Basically, it depends on how you are making your money online.