Well, if you feel setting yourself up for a sure-fire audit, go with this
advice.
But I think it's more pragmatic to start with Google's number, and deduct
as much "Commission" to match what you received, even if it's slightly more
than 30%, like it was in my case.
On Wednesday, April 18, 2
No, definitely not. My app is NOT ad supported and I got a 1099-K.
On Wednesday, April 18, 2012 2:50:27 AM UTC+8, niko20 wrote:
>
> Well I have made more than 3 times that in a year, and never gotten a
> form yet..so I am thinking it's probably for ad-supported apps.
>
> -niko
>
> On Apr 13, 9
Well I have made more than 3 times that in a year, and never gotten a
form yet..so I am thinking it's probably for ad-supported apps.
-niko
On Apr 13, 9:48 pm, Zsolt Vasvari wrote:
> Looks like,according to the link TreKing posted, you had to made $20,000
> (before the 30%) OR made 200 transacti
Just go with whichever number is lowest. If your bank account
transactions were lower, use those, as you have bank records to back
it up if you get audited. If googles numbers are lower, use those as
the 1099-k will report them and can be used as "proof". But if they
did an audit they would still l
>> we better start from the number appearing on the 1099-K as that's what
the IRS gets also.
That's what we did. Don't want to mess with the IRS!
-John Coryat
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In your case, since you didn't receive a 1099-K, that's probably fine, but
for those of us who did, we better start from the number appearing on the
1099-K as that's what the IRS gets also.
Of course, I am no tax accountant, so you better ask a professional.
On Saturday, April 14, 2012 12:57:20
Looks like,according to the link TreKing posted, you had to made $20,000
(before the 30%) OR made 200 transactions. I don't know what constitutes a
transaction, individual sales or monthly payouts, but that's what it says.
On Saturday, April 14, 2012 12:51:55 AM UTC+8, niko20 wrote:
>
> I hav
One last thing. Google's numbers have *never* made sense, so I just
used the payouts for each month and added them up, I mean literally
the amount of money that was sent to my checking account. If the IRS
wanted to do an audit, that's the number they would finally end up
with. If anything, that wou
I'm wondering if maybe this form is only sent for apps with ads or
something. I don't have such apps, only paid. And I have never
received such a form and been on the market since early 2009.
-niko
On Apr 13, 8:58 am, TreKing wrote:
> On Fri, Apr 13, 2012 at 12:26 AM, Zsolt Vasvari wrote:
> >
I have never received any form from Google, and I've made WELL into
the thousands.
-niko
On Apr 13, 8:58 am, TreKing wrote:
> On Fri, Apr 13, 2012 at 12:26 AM, Zsolt Vasvari wrote:
> > That makes sense that the commission is an expense, but is it not for
> > Amazon? Amazon is also sending a 10
On Fri, Apr 13, 2012 at 12:26 AM, Zsolt Vasvari wrote:
> That makes sense that the commission is an expense, but is it not for
> Amazon? Amazon is also sending a 1099-MISC as opposed to a 1099-K.
This is my guess: with Google you're on your own. You're using Checkout or
Wallet or whatever as a
That makes sense that the commission is an expense, but is it not for
Amazon? Amazon is also sending a 1099-MISC as opposed to a 1099-K.
Whatever.
And as far as the despondency between what they report-30% and what I got,
oh well. I just took what they reported, subtracted what I actually
r
I think the logic here is that your company (not Google) earned the income
for your app the moment the app was sold. The amount your company earned is
equal to the amount you sold it for.
Google's commission is an expense. There's nothing about this expense that
should draw a red flag. Then aga
Not only that, but the monthly amounts on the 1099-K are consistently
higher by 2-3% than what I had received for that month after taking out the
30%. Almost as if Google kept 32-33% instead of 30%.
It is amazing that they cannot get their numbers in order.
Screw it, I will just report what I
>
> > Why would anyone report that 30% that isn't part of their income? That
> > money is GOOGLE's income, not the dev's.
>
Because the Google 1099 does (Amazon doesn't).
I have to actually deduct the 30% as a business expense, but since it's a
fairly large percentage, it would probably raise
On Thu, Apr 12, 2012 at 03:46:57PM -0700, Zsolt Vasvari wrote:
> So what did you do? Included the full amount and income and then
> deducted the 30%? Wow, that will be a red flag for the IRS. At least
> Amazon doesn't report the 30%. How fucked up is this?
Why would anyone report that 30% that i
So what did you do? Included the full amount and income and then deducted the
30%? Wow, that will be a red flag for the IRS. At least Amazon doesn't report
the 30%. How fucked up is this?
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>> It is just a report of all gross payment "transactions" they did for you
which they report to irs. I dont believe it has much to do with your actual
earnings. Your actual earning may be lower.
The key word in your sentence is "report." If your earnings don't match
what the IRS thinks your ea
It is just a report of all gross payment "transactions" they did for you which
they report to irs. I dont believe it has much to do with your actual earnings.
Your actual earning may be lower.
(Not a tax lawyer so take this with a pinch of mud)
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On Thu, Apr 12, 2012 at 10:00 AM, John Coryat wrote:
> I believe earnings must be over $6,000 in order to be graced with one of
> these tax forms.
Well, now I'm jealous.
Meanwhile Amazon manages to sends me a form for earnings that were probably
less than the cost of printing and mailing the f
We got one of those odd and impossible to cross check 1099-K's too. Besides
being impossible to verify, it also included December earnings which aren't
even paid into our account until January.
We ended up including our December earnings with 2011 and just took the tax
hit.
I believe earning
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