Google Adsense and Tax information
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- Peter Osipof
- Elite Rocketeer
- Posts: 1117
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Last month friend of mine
finally jumped into the Google Adsense band wagon today when he checked he had earned 11.14 dollars that is approximately 6 dollars a month if it continues at this rate his hosting expense is covered, however when he tried to cash the earnings he was asked for tax information, he doesn’t want to receive any tax form or etc. how can he go around this.
- VirtueShop
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- Mack
- Elite Rocketeer
- Posts: 535
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Death and taxes. There is no way around it.
You can't get it anyway until you earn more than $100.
They don't have to send a tax form and you don't have to claim it unless the amount exceeds $599. Careful there, if your total income from multiple 1099's exceed $600 when added together from the same source (ie. one website) you have to claim it.
Regardless, they will send you a 1099 for any amount if you live in the US.
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- Matthew
- Hero Rocketeer
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I'm not a lawyer, or a tax expert, but there are only a few ways around this:
1. Don't be a US citizen/resident.
2. If you are a non-profit entity, then that entity will have a taxpayer ID number (for giving to Google) but will not be liable for the taxes, AFAIK.
3. If you have a corporation, and that corporation is losing money/breaking even, then it will have a tax liability of zip, at least for a while (I think a corporation can lose money for tax purposes for 3 years or so).
4. Talk to a tax professional. Charitable donations can reduce your tax liability, so, for instance, if you have $1000 a year coming in from Google ads, and you donate a site valued at $1000 to a 501c each year. . . Or something like that. It depends on how you are structured.
HTH - www.gofftech.com Web Design
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- Peter Osipof
- Elite Rocketeer
- Posts: 1117
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- I think since my friend has Austrian mailing address he'll take none US citizen option.
- VirtueShop
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- Mack
- Elite Rocketeer
- Posts: 535
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Still will have a tax requirement.
www.google.com/adsense/support/bin/answe...swer=39725&topic=148
A basic rule of thumb in America. If money moves from one place to another, actually from anyplace to anywhere, there will be a tax. If there isn't a tax, there will be a form for you to fill out explaining why you THINK there shouldn't be a tax. You will then get another form letter explaining that you thought wrong.
Here's the payments page - 5 steps to getting paid:
www.google.com/adsense/support/bin/answe...t-asui&medium=link#1
Translation: No tax info, no check. It also explains that the smallest check they cut is $100.00 USD.
Hope that helps. Just wanted to add my $0.02 <actually $0.011827 after taxes> - Last Edit: 18 years 1 month ago by Mack.
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