1099 Fuck Ups To Watch Out For

Greenguy · 2004-02-08, 04:29 PM

Just a tip for all you US webmasters that have companies set up - double check the Recipient's Name & Recipient's ID Number on the 1099's that you are sent from your sponsors.

I have found 3 so far that have my personal name and/or social security number on them. I logged into the admin for each & the info in there has my company name & Federal ID Number.

I know that the problem is due to me changing my info over last year when I got my company name, but the bad thing is that when the IRS see's the 1099's from these 3 sponsors, they will put in that the income I recv'd was to ME and NOT my company

I just got done emailing each of the sponsors asking for corrected 1099's to me sent to me as well as the IRS - make sure you tell them to mail them to the IRS as well as that is the most important thing!

docholly · 2004-02-08, 05:43 PM

check the amounts!!

One of the sponsors we have had to send a corrected 1099 4 times till they got it right.

and even now i'm not positively sure.

IRS |raygun|

guitar riff · 2004-02-09, 03:57 PM

Hey GG also Check Too I got 2 1099's from same co. with diff corporation names all same exact info just their tax number is diff amounts. Called An accountant and he just told me im fucked cause the co submitted it under 2 diff co. names.

Aint much for me but is for others id imagine. Hell i dont even find any checks stubs i got from this co.

Placed a call to the Co in question and if i get any answer from them I will post it here if not Ill post the name so you can all be on the Look out.

I will say this the co. is on 84th ave. in Miami FL

Greenguy · 2004-02-09, 04:01 PM

guitar riff - I think I know who you are talking about & those are legit - there's at least 2 sponsor's using that same business name to cut checks.

Jim · 2004-02-09, 04:11 PM

And to those that send them out, be very careful about the ones you send to the IRS. I was fined $20K for doing some wrong.

guitar riff · 2004-02-09, 04:25 PM

Yeah GG i understand that but
The Numbers are exactly the same dollar amounts I mean
exact to the cent and just went thru my check stubs from 2003 and no checks from this Sponsor or sponsors . at all.

I didnt remeber ever promoting them so i checked my reciepts.
( Learned the hard way in 94 to save reciepts, check stubs and anything else pertaining to taxes or money) .

Like i said ill keep all informed i will try to call them again here in the hour.

Greenguy · 2004-02-09, 06:58 PM

Ohhhh - ok - I'm thinking of a different payout company then.

Does one of the copies have the "Corrected" box checked?

guitar riff · 2004-02-09, 08:01 PM

Nope no corrected checked on either one

Greenguy · 2004-02-09, 08:39 PM

That does suck

I'd be bitching as well.

Just an update on my 3 problems - one will be solved ASAP & the other 2 have not yet replied

Also, it's funny how some of these companies don't even know the US Tax Laws - you don;t have to send out a 1099 if the person/company earned less than $600 in the year. I got one today for $311.18 - LOL

Extreme John · 2004-02-09, 09:48 PM

I remember last year I recieved a 1099 from a company (a VERY Popular company), and it stated we made $80,000+ with them over the year, addressed right, came right on time, only problem was no matter how many times I did the math I couldnt figure out how $35 a week x 52 weeks came out to $80,000...

Sly move though by the assholes

I trust no one.

guitar riff · 2004-02-09, 10:44 PM

Damn just came onto another one that i didnt start promoting til Nov 17tyh got 1 signup and they say I made 1776.53.

Where are these accountants brains In their asses I think a kid could do better than some of the accountants.

This is rediculous will be a nightmare trying to figure this shit out.

Torn Rose · 2004-02-10, 09:19 AM

Quote:

Originally posted by guitar riff
Hey GG also Check Too I got 2 1099's from same co. with diff corporation names all same exact info just their tax number is diff amounts. Called An accountant and he just told me im fucked cause the co submitted it under 2 diff co. names.

Aint much for me but is for others id imagine. Hell i dont even find any checks stubs i got from this co.

Placed a call to the Co in question and if i get any answer from them I will post it here if not Ill post the name so you can all be on the Look out.

I will say this the co. is on 84th ave. in Miami FL

Dude, you are NOT alone.

I called them and talked to a woman in accounting, they are blaming Ibill.

She sent all info to the webmaster and if I don't hear back from them I will be calling this week.

Greenguy · 2004-02-10, 09:33 AM

The last I heard, iBill didn't send out the 1099's - the program owner is responsible as far as I know.

Of course, I've never gotten a 1099 from ANY programs that I get piad directly thru iBill or any other sponsor.

Torn Rose · 2004-02-10, 11:03 AM

Can't argue, can only repeat what was told to me.

We did a shoot with them in August, I got paid $500 and the 2 separate 1099's I got was for more then that, the accountant I spoke to said it was combined with the affiliate sales I made, but I don't think I made that much since I hardly push them.

And that still doesn’t account for the 2 separate 1099's under 2 different company names.

I'm calling them back tomorrow if they don't call me today.

All in all they fucked up

Torn Rose · 2004-02-13, 01:05 PM

I just got a letter from them today

It says they DID NOT send this to the IRS, and that I should consult my stats with Ibill/CCbill to file my taxes.

Guess this means I will not be getting a correct 1099.

WicKed · 2004-02-14, 05:02 AM

What do you do if some of your sponsors dont send out a 1099?

Greenguy · 2004-02-14, 07:45 AM

Quote:

Originally posted by WicKed
What do you do if some of your sponsors dont send out a 1099?

I smile, knowing that the amount of money I report to the IRS will be greater than the amount of money that sponsors report in my name

Seriously, we should all be keeping track of how much money we make on our own. In 6 years of business, I've never gotten 1099's from all my sponsors - I'm actually lucky if I get 25% of them.

My main problem is the 25% that I get are sometimes fucked up (4 of the 10 I've gotten so far this year are fucked - so far 1 has replied & will be sending a corrected form)

I even had one sponsor tell me that they were not going to be sending me a 1099 because I have a business & I'm not doing this in my personal name. I have to scratch my head, as there is no other way to report the outgoing money on the Federal Corporate return (according to my accountant)

Dr Bizzaro · 2004-02-14, 08:14 AM

Since I am an S-Corp, my accountant said that it didn't matter.
(2 of the 1099's had my name, but my business tax I.D. and the checks they had sent were made out to the Company.)

I'm not sure what the case is to other types of Corps. or LLC's or anything, but it didn't matter in my case.

Greenguy · 2004-02-14, 08:22 AM

It might be that my accountant is paranoid, but any 1099's that come in with my name and/or social security number, he asks me to get a corrected copy OR he moves that money from the corporate return to the federal return.

All any of us needs is the IRS asking why X amount of dollars show coming into our personal accounts & it wasn't reported

ardentgent · 2004-02-15, 05:24 AM

I went looking for a 1099 from Extreme Paychecks and was told that they did not issue 1099s. How can they not?

evildick · 2004-02-15, 08:44 PM

Thank god I'm Canadian! I don't have to deal with this crap.

2004-02-08, 04:29 PM	#1
Greenguy The Original Greenguy (Est'd 1996) & AVN HOF Member - I Crop Pics For Thumbs In My Sleep Join Date: Feb 2003 Location: Blasdell, NY (shithole suburb south of Buffalo) Posts: 41,758	1099 Fuck Ups To Watch Out For Just a tip for all you US webmasters that have companies set up - double check the Recipient's Name & Recipient's ID Number on the 1099's that you are sent from your sponsors. I have found 3 so far that have my personal name and/or social security number on them. I logged into the admin for each & the info in there has my company name & Federal ID Number. I know that the problem is due to me changing my info over last year when I got my company name, but the bad thing is that when the IRS see's the 1099's from these 3 sponsors, they will put in that the income I recv'd was to ME and NOT my company I just got done emailing each of the sponsors asking for corrected 1099's to me sent to me as well as the IRS - make sure you tell them to mail them to the IRS as well as that is the most important thing! __________________ Promote POV Porn Cash By Building & Submitting Galleries to the Porn Luv Network

2004-02-08, 05:43 PM	#2
docholly Nothing funnier than the ridiculous faces you people make mid-coitus Join Date: Aug 2003 Location: Sin-City USA Posts: 4,973	Not to mention check the amounts!! One of the sponsors we have had to send a corrected 1099 4 times till they got it right. and even now i'm not positively sure. IRS \|raygun\| __________________ Support Indie Porn Sites OMGoddess You know you need some Bling!!

2004-02-09, 03:57 PM	#3
guitar riff Asleep at the switch? I wasn't asleep, I was drunk Join Date: Sep 2003 Location: In a van Down by the river. Posts: 216	Also Another thing that will fuck you too Check it. Hey GG also Check Too I got 2 1099's from same co. with diff corporation names all same exact info just their tax number is diff amounts. Called An accountant and he just told me im fucked cause the co submitted it under 2 diff co. names. Aint much for me but is for others id imagine. Hell i dont even find any checks stubs i got from this co. Placed a call to the Co in question and if i get any answer from them I will post it here if not Ill post the name so you can all be on the Look out. I will say this the co. is on 84th ave. in Miami FL

2004-02-09, 04:01 PM	#4
Greenguy The Original Greenguy (Est'd 1996) & AVN HOF Member - I Crop Pics For Thumbs In My Sleep Join Date: Feb 2003 Location: Blasdell, NY (shithole suburb south of Buffalo) Posts: 41,758	guitar riff - I think I know who you are talking about & those are legit - there's at least 2 sponsor's using that same business name to cut checks. __________________ Promote POV Porn Cash By Building & Submitting Galleries to the Porn Luv Network

2004-02-09, 06:58 PM	#7
Greenguy The Original Greenguy (Est'd 1996) & AVN HOF Member - I Crop Pics For Thumbs In My Sleep Join Date: Feb 2003 Location: Blasdell, NY (shithole suburb south of Buffalo) Posts: 41,758	Ohhhh - ok - I'm thinking of a different payout company then. Does one of the copies have the "Corrected" box checked? __________________ Promote POV Porn Cash By Building & Submitting Galleries to the Porn Luv Network

2004-02-09, 04:11 PM	#5
Jim Banned Join Date: Aug 2003 Location: Mohawk, New York Posts: 19,477	And to those that send them out, be very careful about the ones you send to the IRS. I was fined $20K for doing some wrong.

2004-02-09, 04:25 PM	#6
guitar riff Asleep at the switch? I wasn't asleep, I was drunk Join Date: Sep 2003 Location: In a van Down by the river. Posts: 216	Yeah GG i understand that but The Numbers are exactly the same dollar amounts I mean exact to the cent and just went thru my check stubs from 2003 and no checks from this Sponsor or sponsors . at all. I didnt remeber ever promoting them so i checked my reciepts. ( Learned the hard way in 94 to save reciepts, check stubs and anything else pertaining to taxes or money) . Like i said ill keep all informed i will try to call them again here in the hour.

2004-02-09, 08:01 PM	#8
guitar riff Asleep at the switch? I wasn't asleep, I was drunk Join Date: Sep 2003 Location: In a van Down by the river. Posts: 216	Nope no corrected checked on either one

2004-02-09, 08:39 PM	#9
Greenguy The Original Greenguy (Est'd 1996) & AVN HOF Member - I Crop Pics For Thumbs In My Sleep Join Date: Feb 2003 Location: Blasdell, NY (shithole suburb south of Buffalo) Posts: 41,758	That does suck I'd be bitching as well. Just an update on my 3 problems - one will be solved ASAP & the other 2 have not yet replied Also, it's funny how some of these companies don't even know the US Tax Laws - you don;t have to send out a 1099 if the person/company earned less than $600 in the year. I got one today for $311.18 - LOL __________________ Promote POV Porn Cash By Building & Submitting Galleries to the Porn Luv Network

2004-02-09, 09:48 PM	#10
Extreme John Afro John says: "Touch The Extreme Afro & You'll Be In Extreme Pain!" Join Date: Aug 2003 Location: FL Posts: 1,671	I remember last year I recieved a 1099 from a company (a VERY Popular company), and it stated we made $80,000+ with them over the year, addressed right, came right on time, only problem was no matter how many times I did the math I couldnt figure out how $35 a week x 52 weeks came out to $80,000... Sly move though by the assholes I trust no one. __________________ September 6, 2007

2004-02-09, 10:44 PM	#11
guitar riff Asleep at the switch? I wasn't asleep, I was drunk Join Date: Sep 2003 Location: In a van Down by the river. Posts: 216	Damn just came onto another one that i didnt start promoting til Nov 17tyh got 1 signup and they say I made 1776.53. Where are these accountants brains In their asses I think a kid could do better than some of the accountants. This is rediculous will be a nightmare trying to figure this shit out. __________________ Join The Rage!!!

2004-02-10, 09:33 AM	#13
Greenguy The Original Greenguy (Est'd 1996) & AVN HOF Member - I Crop Pics For Thumbs In My Sleep Join Date: Feb 2003 Location: Blasdell, NY (shithole suburb south of Buffalo) Posts: 41,758	The last I heard, iBill didn't send out the 1099's - the program owner is responsible as far as I know. Of course, I've never gotten a 1099 from ANY programs that I get piad directly thru iBill or any other sponsor. __________________ Promote POV Porn Cash By Building & Submitting Galleries to the Porn Luv Network

2004-02-10, 11:03 AM	#14
Torn Rose "Faith is believing what you know ain't so." ~ Mark Twain Join Date: Aug 2003 Location: Portland, Oregon Posts: 4,806	Can't argue, can only repeat what was told to me. We did a shoot with them in August, I got paid $500 and the 2 separate 1099's I got was for more then that, the accountant I spoke to said it was combined with the affiliate sales I made, but I don't think I made that much since I hardly push them. And that still doesn’t account for the 2 separate 1099's under 2 different company names. I'm calling them back tomorrow if they don't call me today. All in all they fucked up

2004-02-13, 01:05 PM	#15
Torn Rose "Faith is believing what you know ain't so." ~ Mark Twain Join Date: Aug 2003 Location: Portland, Oregon Posts: 4,806	I just got a letter from them today It says they DID NOT send this to the IRS, and that I should consult my stats with Ibill/CCbill to file my taxes. Guess this means I will not be getting a correct 1099.

2004-02-14, 05:02 AM	#16
WicKed The only guys who wear Hawaiian shirts are gay guys and big fat party animals Join Date: Aug 2003 Location: Dirty South Posts: 176	What do you do if some of your sponsors dont send out a 1099? __________________ <a href="http://www.wickedwebmasters.com/submit/">Hand Submit to 100's of TGPs</a><br> ICQ 178-247-277

2004-02-14, 08:14 AM	#18
Dr Bizzaro I'm not interested in the facts, I'm interested in my opinion. Join Date: Apr 2003 Location: Chicago Posts: 1,620	Since I am an S-Corp, my accountant said that it didn't matter. (2 of the 1099's had my name, but my business tax I.D. and the checks they had sent were made out to the Company.) I'm not sure what the case is to other types of Corps. or LLC's or anything, but it didn't matter in my case. __________________ -DrBizzaro Make BIG $ selling text links! Sell Links and get $$

2004-02-14, 08:22 AM	#19
Greenguy The Original Greenguy (Est'd 1996) & AVN HOF Member - I Crop Pics For Thumbs In My Sleep Join Date: Feb 2003 Location: Blasdell, NY (shithole suburb south of Buffalo) Posts: 41,758	It might be that my accountant is paranoid, but any 1099's that come in with my name and/or social security number, he asks me to get a corrected copy OR he moves that money from the corporate return to the federal return. All any of us needs is the IRS asking why X amount of dollars show coming into our personal accounts & it wasn't reported __________________ Promote POV Porn Cash By Building & Submitting Galleries to the Porn Luv Network

2004-02-15, 05:24 AM	#20
ardentgent Trying is the first step towards failure Join Date: Apr 2003 Location: Atlanta Ga Posts: 121	I went looking for a 1099 from Extreme Paychecks and was told that they did not issue 1099s. How can they not?

2004-02-15, 08:44 PM	#21
evildick If something goes wrong at the plant, blame the guy who can't speak English Join Date: Aug 2003 Location: Sunnyvale Trailer Park Posts: 35	Thank god I'm Canadian! I don't have to deal with this crap. __________________ www.sponsorhostedgalleries.com Thousands of sponsor galleries ready to copy and paste to your site!