W-9 tax form?

I recently got accepted to adscend media and they need me to turn in a W-9 form? I'm just curious on what does it exactly do? and if I submit one do I have to pay taxes myself or will the taxes be deducted once I receive my money on paypal?

You have to report them yourself. It gives them the information they need to be set up with the IRS showing where their money is going. (A deduction expense)

so i do have to pay taxes? I'm only 17 and I dont know how...

I'm not saying yes or no on that. You'd have to talk to a tax professional. At 17, I'm assuming you don't have previous income? You may be exempt this year. If it was over $600...go talk to a professional.

hmmm. thanks for replying

You send them the w-9 so that they have your social security number that they will use to report to the IRS, any income they pay you. At the end of the year, if you have made over $600, they will be sending you a 1099 form, and yes, you will need to pay taxes.

This is why (as the path of least resistance) you should have a foreign/non-us maildrop as your address for applying for online programs, so the SSN/w-9 doc issue doesn't come up. The form is prejudicially worded to make you cede IRS jurisdiction over you as subject to US taxation, even if that is not factually the case. Why be a unpaid government informant against yourself, in supplying such misinfomation?

If the site you work with insists on working with US persons, that's what fake/stealth US identity info is for, and a profile from fakename generator could be supplied. Some simply submit the form using that data. Since the W-9 goes to the biz and not the government, as long as you keep monies made under that identity from that site to under $600 there's no reporting done, which bypasses the 'self-informant' problem.

Don't listen to anybody else who isn't a professional tax consultant or hasn't filed taxes legally.

I have earned a lot of money from Adsense and other CPA companies. If you are in the U.S., you have to file your taxes otherwise they will charge you $500 or more in FINES.

Because you are underage, I really recommend going to H&R block or something similar to get your taxes done after you fill out your W-9 form.

Or you could follow the guys advice up there, fill out fake details, and ruin your account and possibly more. Once the government finds out they are getting any tax revenue from "the fake you", the government goes after the company who passes the W-9 form, such as Google AdSense or cpa companies. They will look at your account and try to verify the information. When they find out it is fake, you can say good bye to your account! There could be even more unwanted, unforeseeable consequences.

I hope this helps, and as always do everything legally when necessary.

P.S. If you decide to do everything legally by filing your taxes (asking your parents for help? or a local H&R block, or any tax help company), make sure you save at least 1/3 of your money because you WILL have to pay those to the government at the end of the year when you report them. (It is usually less than 1/3 of your money, but to stay safe, save it!).

P.P.S. They will not deduct the money automatically for you, unless you check off the W-9 form, where they get to keep 28% of your income. Read the w-9 form, you will see it. I don't actually recommend this, as you haven't gotten in trouble by the IRS before.

If you really don't want to deal with taxes at all..
Look for cpa companies whose headquarters resides in Canada, where there are no taxes. The CPA company I've actually use that is in Canada is NeverBlue and they are a great network.

should I just make a new account that's non US?

Oh and I forgot to say that I did put a fake SSN, Address, Name....whole new identity when I signed up

I got a SSN from this generator online, an address of a local walmart, and a fake random name.
PS: I havent turned in the W-9 form yet, I'm waiting for more responses...

Hey guys I have used adsence media in the past made like $50 for a trial run. I use other networks for main things. Anyway, do I have to submit the form because I'm in the UK? Can somebody from UK tell me? I don't pay any tax on leadbolt/*******/maxbounty payments and I have never paid any tax on clickbank/adsense or adbrite payments. So can somebody tell me? I'm the same age as OP - 17. Don't mean to hijack your thread OP just thought this was a relevant question.

huykun said:

Don't listen to anybody else who isn't a professional tax consultant or hasn't filed taxes legally.

I have earned a lot of money from Adsense and other CPA companies. If you are in the U.S., you have to file your taxes otherwise they will charge you $500 or more in FINES.

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As I pointed out, a whole lot of people are NOT "in the US" physically or legally speaking, but are misdirected into filling out such prejudically worded forms as if they are, causing the laws to then be misapplied to them. It's also possible that a newbie poster or two works for tax preparers or the feds, and so perhaps their alarmist 2:30 in the morning warnings are not unbiased. My point was if you don't conduct activity to the threshold where a third party business sends out any report, there is no issue. Operate your IM based on reasonable considerations such as this, instead of "don't listen, fines!" appeals to fear.

wowrune757 said:

should I just make a new account that's non US?

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You should, especially if you're getting paid through PayPal! That means no w-9 form!

wowrune757 said:

Oh and I forgot to say that I did put a fake SSN, Address, Name....whole new identity when I signed up

I got a SSN from this generator online, an address of a local walmart, and a fake random name.
PS: I havent turned in the W-9 form yet, I'm waiting for more responses...

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Like I said, be careful, because it will catch up to you when taxes comes around and the IRS checks the w-9 forms. They seriously go after the people who don't pay taxes in the U.S., if you don't believe me, ask anyone in the U.S. My aunt had been hiding some of her income from taxes for some time and have gotten in big trouble with them. One of the IRS had to come after her until she paid up. I'm not trying to scare you or anything, I'm only telling you the truth of taxes. If they let you go that easy, they wouldn't need W-9 forms to track everyone would they? They would just need to "trust" people will pay back.

zebrahat said:

As I pointed out, a whole lot of people are NOT "in the US" physically or legally speaking, but are misdirected into filling out such prejudically worded forms as if they are, causing the laws to then be misapplied to them. It's also possible that a newbie poster or two works for tax preparers or the feds, and so perhaps their alarmist 2:30 in the morning warnings are not unbiased. My point was if you don't conduct activity to the threshold where a third party business sends out any report, there is no issue. Operate your IM based on reasonable considerations such as this, instead of "don't listen, fines!" appeals to fear.

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I'm sorry, I didn't mean to attack you or anything, I'm just saying that this error of w-9 form might cause them a fine or account closure.

Know this. When you said third party doesn't send out any reports, ALL CPA COMPANIES WHO REQUIRE W-9 FORMS SENDS OUT YOUR W-9 FORM.

Cpa companies collect W-9 forms so that they don't have to pay your taxes (since their income comes from you). They give you the W-9 form because they want to pass the taxes to you. READ THE W-9 FORM.

I'm in the U.S., I would know these things, don't make accusations that I'm being biased when I'm basing this off U.S. rules.

I'm not trying to attack you, I'm just trying to warn him the truth. I never conducted a biased comment about someone because I thought they were in the U.S. OBVIOUSLY, if they got the w-9 form, they must have signed up for a U.S. account, because there is no w-9 form for ineternational (it's acutally a different form).

I'm not asking you to believe me, I'm just telling you, you can't go on forvever like this. They will find out, and stop paying you. WHO ELSE WILL PAY THE CPA ACCOUNT'S TAXES? Keep that in mind.

So yeah, if you want to use a fake identity and adress go ahead, but open multiple accounts because these accounts won't last more than a year and a half when taxes are being verified. I guess Zebrahat is right, if you're in the U.S., and you are mistaken to be in the U.S., you're option is probably do what he suggested, although you will need new accounts.

These U.S. CPA companies will have to end up paying your taxes since you don't have a valid identity or w-9 form, so they will close your accounts eventually when that time comes around, although that only comes once a year.

Coz im Gangsta said:

Hey guys I have used adsence media in the past made like $50 for a trial run. I use other networks for main things. Anyway, do I have to submit the form because I'm in the UK? Can somebody from UK tell me? I don't pay any tax on leadbolt/*******/maxbounty payments and I have never paid any tax on clickbank/adsense or adbrite payments. So can somebody tell me? I'm the same age as OP - 17. Don't mean to hijack your thread OP just thought this was a relevant question.

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If you're in the U.S., you don't need w-9 forms. You might get a different one.

Maxbounty is in Canada, so there are no taxes and you won't have to pay them or the government anything. I can confirm this because I have an account at Neverblue and Maxbounty (both require no taxes). I don't know the U.K. tax rules, but if you didn't have to pay taxes or fill out forms, I guess you don't. But i would ask someone who's in the U.K. for that.

wowrune757 said:

so i do have to pay taxes? I'm only 17 and I dont know how...

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Try some of the free tax software to get a feel for how to do your taxes, but ask Dad or Mom to help you ... sometimes you can go onto their return or use a professional as many have said ...expect to pay up to $200-$300 your taxman if you have a ton of deductions etc.

Just make sure you have all the W-4, 1099 or other official reporting forms from anybody you made money from. Think the US government mandates all the above must be in your hands by January 30th.

JQ

I'm in the US. About 1996 I learned the truth about taxes here. Income tax is unconstitutional, and that is supported by a supreme court ruling more than 100 years old. I went to war with the IRS. After a couple of years fighting them with letters back and forth, they dead filed me. Their biggest problem with me was that I was self-employed, and they couldn't lock up my wages.

Then, I got married again. I tried to get my wife out of their system, but as she was not self-employed, I couldn't do it. It caused her a lot of problems and fines. During that process, I spoke to an IRS agent on the phone. He asked me my name and SS#. For whatever dumb reason, I gave it to him. He looked me up in his computer and told me I didn't exist. That's how I know I was dead filed.

A couple of years ago, I decided to get back into the system, and I filed jointly with my wife. Here's why:

• I intend to make a lot of money online, and I will be dealing with W-9s.
• Long ago, the government declared banks to be instruments of Congress. Thus, they are under the jurisdiction of the IRS
• US law is all about contracts. When you open a bank account here, you sign a form(contract) saying you will abide by all the rules of the bank. You are immediately under the jurisdiction of the Secretary of the Treasury (IRS). This is the reason federal courts dismiss the objection that income tax in this country is unconstitutional. When you're under contract, that doesn't apply.
• If you deposit $3000 or more, or make a deposit which is substantially larger than your normal deposits, the bank is required to file a SARs (Suspicious Activity Report)

Can you see where all of this is headed?


Okay, here's the concept. You are self employed. That's what the W-9 is all about. You are responsible for your own taxes. However, being self employed means you can deduct business expenses. Be imaginative. It's typical for self employed people who make more than $100,000 a year to report an income of around $25,000, and sometimes much less.

I was involved with a lot of people who were in the anti IRS movement. In the end, many of them went to prison. Many of the ones who didn't go to prison, finallly came to the conclusion that the best thing to do was to play by their rules. The biggest single thng they advised was to open your own business, which you have done. Use it to your own advantage for taxes. You'll sleep better.

Curt7 said:

However, being self employed means you can deduct business expenses. Be imaginative. It's typical for self employed people who make more than $100,000 a year to report an income of around $25,000, and sometimes much less.

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Yes. This is extremely important. Deduct every single dime you spend that is related to your business. New computer? Deduct it. Broadband bill? Deduct. Buy e-books? Deduct. Backlinks, domains, hosting, articles, deduct it all!

As for the OP (assuming you're in the US), you should really tell your parents about your online ventures. If they claim you as a dependent and you have income that they're not filing for, that could screw them up.

Also, you'll have to write off your Adscend Media account as a loss, as you should never submit a W9 with fake info. Fighting the IRS on principle is stupid, as much as I agree with the principles behind it.

I used to be underage and I'd sign up for affiliate accounts with fake info. It's not a great way to go. TBH you don't get much out of it. Now I'm somewhat older, I do everything by the books and it's much smoother.

You guys I was able to change my account address to another country and now I have to submit a W-8 form. I know Adscend media is from the US, so do I still have to pay taxes if I submit the W-8 form?

wowrune757 said:

You guys I was able to change my account address to another country and now I have to submit a W-8 form. I know Adscend media is from the US, so do I still have to pay taxes if I submit the W-8 form?

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You still might have to pay for the taxes, but I recommend you checking with your parents or someone who knows the tax laws around your area. I assume that the taxes are still given to you because Ascend media is in the U.S., so they will get taxes. They will pass the taxes onto you, and won't pay your taxes (taken on assumption). I am pretty sure though, that Ascend Media won't pay your taxes for you for the income you generated.

here's something off wikipedia that might help you though:
W-8BEN

The Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding, is used by foreign persons (including corporations) to certify their non-American status. The form establishes that one is a non-resident alien or foreign corporation, to avoid or reduce tax withholding from U.S. source income, such as rents from U.S. property, interest on U.S. bank deposits or dividends paid by U.S. corporations. The Form W-8BEN form should be given to the withholding agent such as a property manager, bank or stock broker, and not the IRS. The form is not used for U.S. wages and salaries earned by non-resident aliens (in which case Form W-4 is used), or for U.S. freelance (dependent personal services) income (in which case Form 8233 is used). The form requires the foreign person to provide a U.S. Taxpayer Identification Number unless the U.S. income is dividends or interest from actively traded or similar investments.

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So i'm not sure if you still have to deal with taxes or not, since I'm not sure of Ascend Media is exempted from your taxes.

go. get a good lawyer in your local place. who will handle all the things.. and you can re-laxly earn money.