Go Back   WarriorForum - Internet Marketing Forums > The Warrior Forum > Ad Networks - CPA, CPM, CPL - Millionaire Makers..
Register Blogs FAQ Social Groups CalendarHelp Desk

Reply
 
Share
LinkBack Thread Tools
Old 10-11-2011, 08:39 PM   #1
Active Warrior
 
Join Date: Aug 2011
Posts: 57
Thanks: 1
Thanked 0 Times in 0 Posts
Default So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

is that correct? please correct me if I'm wrong.

I contacted my AM but he doesn't really know about that. Since I've been seeing many "masters" (people who are really good in CPA) here at warriorforum... just wondering if anyone knows anything about this.

From what I've heard, if you makes less than $500 (or $600) within a year in a CPA, I don't have to file tax, right?

piggyy is offline   Reply With Quote
Old 10-11-2011, 08:41 PM   #2
AdCopyAssault.com
War Room Member
 
jeffrey73's Avatar
 
Join Date: Apr 2010
Location: USA
Posts: 2,049
Thanks: 1,239
Thanked 457 Times in 375 Posts
Default Re: So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

That is a question for a CPA ( Certified Public Accountant ). No pun intended.. lol


jeffrey73 is offline   Reply With Quote
Old 10-12-2011, 06:55 AM   #3
Living The Dream
War Room Member
 
ChrisBa's Avatar
 
Join Date: Jun 2008
Location: Canada, EH?
Posts: 8,031
Thanks: 17
Thanked 1,184 Times in 915 Posts
Social Networking View Member's FaceBook Profile  View Member's Twitter Profile 
Default Re: So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

Please seek an accountant.. this varies by where you are located and not everyone on here will know for sure, last thing you need to do is run into problems with the tax man!

$$$ WARRIOR SPECIAL - AFF PLAYBOOK - $20 OFF - LIMITED NUMBER OF DISCOUNTS AVAILABLE $$$



$$$ Stop Losing Money & Start Making Money @AFF PLAYBOOK! $$$ Check Out CPV LAB $$$
ChrisBa is online now   Reply With Quote
Old 10-12-2011, 08:17 AM   #4
is Pace Lattin
War Room Member
 
pacelattin's Avatar
 
Join Date: Oct 2011
Posts: 712
Thanks: 14
Thanked 104 Times in 90 Posts
Social Networking View Member's Twitter Profile 
Contact Info
Send a message via AIM to pacelattin
Default Re: So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

No, that is incorrect.

In the United States you have to file taxes on all income, and more importantly the company that paid you will be sending information end of the year to the IRS that they paid you.

The exception is if you made less than $9,300 in wages (approximately)

However, in your case you need to file taxes and you are most likely being paid and considered self-employed. If your total amount of income that you received is over $400 in that case, you need to file taxes.

The good news is that there are cheap tax programs that will help you file.


Quote:
Originally Posted by piggyy View Post
is that correct? please correct me if I'm wrong.

I contacted my AM but he doesn't really know about that. Since I've been seeing many "masters" (people who are really good in CPA) here at warriorforum... just wondering if anyone knows anything about this.

From what I've heard, if you makes less than $500 (or $600) within a year in a CPA, I don't have to file tax, right?

pacelattin is offline   Reply With Quote
Old 10-12-2011, 11:50 AM   #5
HyperActive Warrior
 
Join Date: Jun 2011
Location: Cincinnati, OH
Posts: 399
Thanks: 6
Thanked 25 Times in 24 Posts
Default Re: So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

Going to be my first year of having to do this as well. I dread it, so much red tape and confusion. Thats the idea, make it confusing for people so they can't find ways around it.

jwmann2 is offline   Reply With Quote
Old 10-12-2011, 11:52 AM   #6
is Pace Lattin
War Room Member
 
pacelattin's Avatar
 
Join Date: Oct 2011
Posts: 712
Thanks: 14
Thanked 104 Times in 90 Posts
Social Networking View Member's Twitter Profile 
Contact Info
Send a message via AIM to pacelattin
Default Re: So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

Seriously, just use HR Blocks free tax system. For most people it's a 10 minute thing. Keep all your forms you get, and you'll have it done in a SECOND.



Quote:
Originally Posted by jwmann2 View Post
Going to be my first year of having to do this as well. I dread it, so much red tape and confusion. Thats the idea, make it confusing for people so they can't find ways around it.

pacelattin is offline   Reply With Quote
Old 10-13-2011, 10:06 AM   #7
Senior Warrior Attorney
War Room Member
 
Join Date: Jul 2004
Location: Jedi Temple
Posts: 4,148
Blog Entries: 124
Thanks: 122
Thanked 3,976 Times in 1,264 Posts
Social Networking View Member's FaceBook Profile  View Member's Twitter Profile 
Default Re: So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

Quote:
Originally Posted by pacelattin View Post
Seriously, just use HR Blocks free tax system. For most people it's a 10 minute thing. Keep all your forms you get, and you'll have it done in a SECOND.
Yep - if you want to throw your money away overpaying your taxes.

Otherwise, get a few tax strategies. Yes, it will take you more than a SECOND, but it's your money. Why work hard to make it if you're just going to flush it?

.

Save Your Butt - Internet Marketing Law Center - Hundreds of Warrior Members

WARRIOR BLOG | FREE MARKETING NEWSLETTER



kindsvater is offline   Reply With Quote
Old 10-13-2011, 10:12 AM   #8
Krazy Kenster
War Room Member
 
Kenster's Avatar
 
Join Date: Jan 2009
Posts: 5,813
Blog Entries: 12
Thanks: 1,512
Thanked 2,829 Times in 1,129 Posts
Default Re: So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

You need to report all income if you are from the US. There are different thresholds for 1099 etc but that's why some companies require an EIN or SS before distributing income.

Kenster is offline   Reply With Quote
Old 10-13-2011, 01:58 PM   #9
Deborah Richardson
 
Azarna's Avatar
 
Join Date: Sep 2011
Location: Middle of England
Posts: 339
Thanks: 86
Thanked 77 Times in 65 Posts
Default Re: So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

You certainly do have to FILE your earnings to the taxman.

Whether you have to pay tax on it will depend on how much you are earning from other sources.

You pay tax on all earnings over the current threshold, no matter what the source of it.

Same for US and UK and no doubt many other countries.
Azarna is offline   Reply With Quote
Old 10-13-2011, 02:42 PM   #10
Warrior Member
 
Join Date: Mar 2010
Posts: 3
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

You should file, you wont' get taxed though.
StudFalian is offline   Reply With Quote
Old 10-13-2011, 03:00 PM   #11
is Pace Lattin
War Room Member
 
pacelattin's Avatar
 
Join Date: Oct 2011
Posts: 712
Thanks: 14
Thanked 104 Times in 90 Posts
Social Networking View Member's Twitter Profile 
Contact Info
Send a message via AIM to pacelattin
Default Re: So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

Were talking about a guy who says he makes less than $500

Re: Other people posts, please read what I wrote above - it gives the requirements for filing. No, you are not required to file for everything...

@StudFallen: there is self-employment tax. Which is why starting a corp is always smart.

Quote:
Originally Posted by kindsvater View Post
Yep - if you want to throw your money away overpaying your taxes.

Otherwise, get a few tax strategies. Yes, it will take you more than a SECOND, but it's your money. Why work hard to make it if you're just going to flush it?

.

pacelattin is offline   Reply With Quote
Old 10-14-2011, 03:32 AM   #12
Active Warrior
 
Join Date: Jan 2011
Location: NicheStealth.com
Posts: 58
Thanks: 2
Thanked 9 Times in 4 Posts
Social Networking View Member's Twitter Profile 
Default Re: So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

I don't think so, I have made over $12,000 this past year with Neverblue Ads and I haven't heard of anything related to filing taxes...So for as long as no one bothers you, your good to go.

Regards,
ezpay4me is offline   Reply With Quote
Old 10-14-2011, 06:08 AM   #13
Super Affiliate
War Room Member
 
badboy_Nick's Avatar
 
Join Date: Jul 2006
Location: United Kingdom
Posts: 1,454
Thanks: 3
Thanked 258 Times in 203 Posts
Default Re: So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

Ask an accountant, best to be safe than sorry ... plus you don't want the IRS crawling up your back. Not a pretty sight

Nick

Read my incredible story: www.affiliatechamp.co.uk
badboy_Nick is offline   Reply With Quote
Old 10-14-2011, 08:14 AM   #14
AdCopyAssault.com
War Room Member
 
jeffrey73's Avatar
 
Join Date: Apr 2010
Location: USA
Posts: 2,049
Thanks: 1,239
Thanked 457 Times in 375 Posts
Default Re: So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

Are you kidding? lol

Quote:
Originally Posted by ezpay4me View Post
I don't think so, I have made over $12,000 this past year with Neverblue Ads and I haven't heard of anything related to filing taxes...So for as long as no one bothers you, your good to go.

Regards,

jeffrey73 is offline   Reply With Quote
Old 10-14-2011, 10:05 AM   #15
I Laugh @ Human Stupidity
War Room Member
 
Join Date: Apr 2010
Location: NH, USA
Posts: 517
Thanks: 179
Thanked 215 Times in 136 Posts
Default Re: So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

Instead of asking Legal questions in a Marketing forum, go to Google and do a search for Tax Lawyers in your local area. Talk with that lawyer, and ignore the non-legal advice here in the Marketing Forum.
Teravel is offline   Reply With Quote
Old 10-14-2011, 12:52 PM   #16
HyperActive Warrior
 
Join Date: Jun 2010
Posts: 304
Thanks: 65
Thanked 65 Times in 58 Posts
Default Re: So I don't have to file tax if I make less than $500 (or $600?) within a year in CPA...?

Quote:
Originally Posted by kindsvater View Post
Yep - if you want to throw your money away overpaying your taxes.

Otherwise, get a few tax strategies. Yes, it will take you more than a SECOND, but it's your money. Why work hard to make it if you're just going to flush it?

.
Don't think he should be worried about developing tax strategies and over paying with a couple hundred $ in income

I use my fam's CPA, been doing our fams taxes for pry 15 years for businesses, estate etc. She's a genius when it comes to taxes.
QuickSurf is online now   Reply With Quote
Reply

  WarriorForum - Internet Marketing Forums > The Warrior Forum > Ad Networks - CPA, CPM, CPL - Millionaire Makers..

Bookmarks

Tags
$500, $600, cpa, file, make, tax, year

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -6. The time now is 03:00 PM.