07-27-2006, 10:22 PM
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#1 |
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Greenhorn
Join Date: Jul 2006
Posts: 37
Rep Power: 6  |
Do you pay taxes on Adsense Revenues?
Does anyone Pay Tax on their Adsense Earnings?
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07-27-2006, 10:22 PM
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#2 |
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Piggy Bank
Join Date: Jul 2006
Posts: 55
Rep Power: 6 |
If you are a US resident you do. The earned income is reported to IRS. I do not know about non-US residents.
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07-27-2006, 10:23 PM
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#3 |
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Greenhorn
Join Date: Jul 2006
Posts: 18
Rep Power: 0 |
And if you make enough, you need to pay taxes quarterly, here in the USA.
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07-27-2006, 10:24 PM
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#4 |
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Greenhorn
Join Date: Jul 2006
Posts: 22
Rep Power: 6 |
I declare all tax on my web generated income.
It may only cost me a few hundred so i figure it is better than paying the few thousand dollar fine |
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07-27-2006, 10:25 PM
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#5 |
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Greenhorn
Join Date: Jul 2006
Posts: 14
Rep Power: 0 |
I am not in US. The earnings are not automatically reported to our tax department (IRD) here in New Zealand, but I declare all earnings when I file my returns each year. I have been doing that for the last two financial years now as I started with Adsense 1.5 yrs ago. I would recommend to all who are wondering whether to pay their taxes or not to do it. As someone else said, it's much better to pay your taxes than get into trouble with the tax department.
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07-27-2006, 10:26 PM
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#6 |
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Greenhorn
Join Date: Jul 2006
Posts: 18
Rep Power: 0 |
Nope, never had to have paid tax.
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07-27-2006, 10:27 PM
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#7 |
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Greenhorn
Join Date: Jul 2006
Posts: 35
Rep Power: 6 |
You have to pay taxes, or else you get to go to jail.
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12-13-2006, 12:08 PM
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#8 |
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Savings Advisor
Join Date: Aug 2006
Location: Central CT
Age: 31
Posts: 761
Rep Power: 7 |
As google pays via 1099, in the US you must claim these earnings on Schedule C of the 1040.
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