Can the IRS fuck me if I let someone sell using my affiliate account? - GoFuckYourself.com

MrMaxwell · 03-07-2013, 08:46 AM

As an example, let's say the commission is $100 and I'm letting her have $80 of each sale
Then, will those cocksuckers try to steal money based on the whole $100 or the actual $20 profit??

shake · 03-07-2013, 08:52 AM

I'm in Canada, but this should be the same anywhere. You'd want to make sure it's documented for your accounting who and how the $80 was paid to, then the tax liability should be transferred to them. For you, the $80 should be a write off as would wages or another business expense.

L-Pink · 03-07-2013, 08:57 AM

Your business will show an income of $100. It should then show a check going out for $80. Gives you a taxable income of $20.

Income less commissions/expenses = profit. Tax is on profit.

.

scuba steve · 03-07-2013, 09:01 AM

Quote:

Originally Posted by L-Pink

Your business will show an income of $100. It should then show a check going out for $80. Gives you a taxable income of $20.

Income less commissions/expenses = profit. Tax is on profit.

.

what he said. you have to get your friend's information like their tax id and company name and report that too

newB · 03-07-2013, 09:06 AM

The IRS is not a court of law - the burden of proof is on you. As such, I would make sure there were some record of how much your friend is getting paid, otherwise they will assess the $100 as your earnings. If you end up paying your friend over $600 in a calendar year then you will also need to submit a W2 for them.

http://www.irs.gov/uac/Form-W-2,-Wage-and-Tax-Statement

Barry-xlovecam · 03-07-2013, 09:50 AM

Under $600 NP over $600 1099. The payment of a commission needs to be reported.

Payment by invoice of some purchase could be an expense.
Payment of any compensation, like a commissions split would be a "cost of labor" and labor payments are w-2 or 1099.

They might disallow the deduction -- yes.

The above offered in conversation and not accounting advice -- ask a PA or CPA for a qualified opinion.

fuzebox · 03-07-2013, 10:15 AM

You don't have an accountant?

MrMaxwell · 03-07-2013, 01:26 PM

Do I have an accountant? Sure I'll just walk down my manicured lawn and stroll over to my white neighbors house after having my bentley waxed and talk to him

Anyway, I know to keep records but I'm not too sure of how much good that will do me since the IRS is a pack of lawless rapists and thieves

Is there any recourse if they "disallow the deduction"?

L-Pink · 03-07-2013, 01:30 PM

Quote:

Originally Posted by MrMaxwell

Do I have an accountant? Sure I'll just walk down my manicured lawn and stroll over to my white neighbors house after having my bentley waxed and talk to him

Anyway, I know to keep records but I'm not too sure of how much good that will do me since the IRS is a pack of lawless rapists and thieves

Is there any recourse if they "disallow the deduction"?

Deductions are disallowed only if you don't have proper documentation (business 101) or if you are being shady. Both instances are your fault not the IRS's.

.

CIVMatt · 03-07-2013, 01:41 PM

Just send him a 1099 contract labor for his earnings, done... no biggie

MrMaxwell · 03-07-2013, 01:41 PM

Quote:

Originally Posted by L-Pink

Deductions are disallowed only if you don't have proper documentation (business 101) or if you are being shady. Both instances are your fault not the IRS's.

.

Fuck the irs the thieving cocksuckers

DWB · 03-07-2013, 01:47 PM

Best if you give her a 1099 for the money you give her, or something to document the transaction. The IRS is EVIL.

Phoenix · 03-07-2013, 04:43 PM

Quote:

Originally Posted by MrMaxwell

Do I have an accountant? Sure I'll just walk down my manicured lawn and stroll over to my white neighbors house after having my bentley waxed and talk to him

Anyway, I know to keep records but I'm not too sure of how much good that will do me since the IRS is a pack of lawless rapists and thieves

Is there any recourse if they "disallow the deduction"?

RyuLion · 03-07-2013, 04:57 PM

Quote:

Originally Posted by L-Pink

Your business will show an income of $100. It should then show a check going out for $80. Gives you a taxable income of $20.

Income less commissions/expenses = profit. Tax is on profit.

.

WarChild · 03-07-2013, 05:22 PM

Why would somebody use your affiliate account? It's not like you qualify for higher payouts anywhere you fucking loser.

MrMaxwell · 03-07-2013, 06:59 PM

Quote:

Originally Posted by Phoenix

Who in the world are those clowns and what are they saying?

TrashyGirl · 03-07-2013, 08:39 PM

I'm not sure how you file your taxes, but you should definitely check with an accountant. If letting your friend use your affiliate account bumps your total income into a higher tax bracket, you would have to bear the overall higher tax.

http://taxfoundation.org/blog/2013-tax-brackets

x-rate · 03-08-2013, 03:01 PM

Why not 'refer' your friend to the affiliate program and cash in the referal fees?

MrMaxwell · 03-08-2013, 04:18 PM

Quote:

Originally Posted by TrashyGirl

I'm not sure how you file your taxes, but you should definitely check with an accountant. If letting your friend use your affiliate account bumps your total income into a higher tax bracket, you would have to bear the overall higher tax.

http://taxfoundation.org/blog/2013-tax-brackets

I've never had to file taxes so I really hate to unless it's absolutely necessary

03-07-2013, 08:46 AM	#1
MrMaxwell Too lazy to set a custom title Industry Role: Join Date: Jul 2005 Posts: 10,057	Can the IRS fuck me if I let someone sell using my affiliate account? As an example, let's say the commission is $100 and I'm letting her have $80 of each sale Then, will those cocksuckers try to steal money based on the whole $100 or the actual $20 profit??

03-07-2013, 08:52 AM	#2
shake frc Industry Role: Join Date: Jul 2003 Location: Bitcoin wallet Posts: 4,663	I'm in Canada, but this should be the same anywhere. You'd want to make sure it's documented for your accounting who and how the $80 was paid to, then the tax liability should be transferred to them. For you, the $80 should be a write off as would wages or another business expense. __________________ Crazy fast VPS for $10 a month. Try with $20 free credit

03-07-2013, 09:06 AM	#5
newB Confirmed User Industry Role: Join Date: Jul 2006 Location: Somewhere between reality and total ape-shit bonkers. Posts: 2,870	The IRS is not a court of law - the burden of proof is on you. As such, I would make sure there were some record of how much your friend is getting paid, otherwise they will assess the $100 as your earnings. If you end up paying your friend over $600 in a calendar year then you will also need to submit a W2 for them. http://www.irs.gov/uac/Form-W-2,-Wage-and-Tax-Statement __________________ The best Adult Affiliate Programs reviewed and indexed by niche and feature. Easily find the sponsors that suit your needs.

03-07-2013, 09:50 AM	#6
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Under $600 NP over $600 1099. The payment of a commission needs to be reported. Payment by invoice of some purchase could be an expense. Payment of any compensation, like a commissions split would be a "cost of labor" and labor payments are w-2 or 1099. They might disallow the deduction -- yes. The above offered in conversation and not accounting advice -- ask a PA or CPA for a qualified opinion.

03-07-2013, 01:41 PM	#10
CIVMatt Amateur Pimpin Industry Role: Join Date: Aug 2004 Location: Orlando, FL Posts: 13,075	Just send him a 1099 contract labor for his earnings, done... no biggie __________________ Make easy money with Webcams

03-07-2013, 08:57 AM	#3
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Your business will show an income of $100. It should then show a check going out for $80. Gives you a taxable income of $20. Income less commissions/expenses = profit. Tax is on profit. .

03-07-2013, 10:15 AM	#7
fuzebox making it rain Industry Role: Join Date: Oct 2003 Location: seattle Posts: 22,037	You don't have an accountant?

03-07-2013, 01:26 PM	#8
MrMaxwell Too lazy to set a custom title Industry Role: Join Date: Jul 2005 Posts: 10,057	Do I have an accountant? Sure I'll just walk down my manicured lawn and stroll over to my white neighbors house after having my bentley waxed and talk to him Anyway, I know to keep records but I'm not too sure of how much good that will do me since the IRS is a pack of lawless rapists and thieves Is there any recourse if they "disallow the deduction"?

03-07-2013, 01:47 PM	#12
DWB Registered User Industry Role: Join Date: Jul 2003 Location: Encrypted. Access denied. Posts: 31,779	Best if you give her a 1099 for the money you give her, or something to document the transaction. The IRS is EVIL.

03-07-2013, 05:22 PM	#15
WarChild Let slip the dogs of war. Industry Role: Join Date: Jan 2003 Location: Bermuda Posts: 17,263	Why would somebody use your affiliate account? It's not like you qualify for higher payouts anywhere you fucking loser. __________________ .

03-07-2013, 08:39 PM	#17
TrashyGirl Confirmed User Industry Role: Join Date: Apr 2010 Posts: 1,401	I'm not sure how you file your taxes, but you should definitely check with an accountant. If letting your friend use your affiliate account bumps your total income into a higher tax bracket, you would have to bear the overall higher tax. http://taxfoundation.org/blog/2013-tax-brackets

03-08-2013, 03:01 PM	#18
x-rate Confirmed User Industry Role: Join Date: Jun 2008 Location: Montreal Posts: 725	Why not 'refer' your friend to the affiliate program and cash in the referal fees? __________________ Have quality traffic? Make money with Crakrevenue Email: misterxmtl @ hotmail.com Skype: misterxmtl