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Re: Do You Declare Your Blog Income And Pay Taxes?

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Re: Do You Declare Your Blog Income And Pay Taxes?

Dan — Mon, 11 Aug 2008 08:39:02 -0000

I do not pay tax on my earnings - BECAUSE I DO NOT NO WHO AND HOW TO PAY.

i believe my earnings are below the IRS threshold - which i have to pay as my site is hosted on US Servers.

i do not know how to pay HMRC - or even if it is them i should pay

Re: Do You Declare Your Blog Income And Pay Taxes?

theUg — Sun, 11 Mar 2007 17:02:14 -0000

Nah, of course, whatever is declared (1099 for dividends, and whatever Google will send (I only sign up for AdSense in January) for their programs) I shall pay, no question. Iâ€™m talking about under-the-table earnings. ;)

Re: Do You Declare Your Blog Income And Pay Taxes?

billg — Sun, 11 Mar 2007 16:46:38 -0000

I can't recall what the threshold is, but in the U.S. any earnings over "X" are reported to the IRS by the organization that pays you. If they send you a "1099" form, the IRS knows.

It may not be worth it to the IRS to chase you down for nickels and dimes, but if you are audited for another reason, chances are it will hurt you.

Re: Do You Declare Your Blog Income And Pay Taxes?

Everton — Sun, 11 Mar 2007 06:30:33 -0000

P. S. That was daft of me though. Iâ€™m pretty sure some silly bastard will squeal on me to the IRS.

Well, I hope you didn't use your real name!

Re: Do You Declare Your Blog Income And Pay Taxes?

theUg — Sun, 11 Mar 2007 03:22:02 -0000

Other thing to consider for US-residents is that by law there is certain amount of untaxable income, something around $400-600 per employer/employee/year. I think it depends on the state.

In any case, if I could, I wouldnâ€™t. Officially, in the whole of 2006 I made about $2,50 worth of dividends off of my PayPal MMF account, and that is it. I know, Iâ€™m a blasted insolent immigrant, took somebodyâ€™s job, and avoid taxes. Well, not entirely, I do pay sales tax, and petrol tax, since the roads (some of them are quite crappy, there goes suspension on my VW) are pretty much next to the only thing I get from US Government. :)

P. S. That was daft of me though. Iâ€™m pretty sure some silly bastard will squeal on me to the <abbr title="Internal Revenue Service">IRS</abbr>. :)

Re: Do You Declare Your Blog Income And Pay Taxes?

Everton — Sat, 03 Mar 2007 14:45:09 -0000

Google, etc., do report your earnings to the IRS or the equivalent national tax agency, right?

Not outside the US anyway

Re: Do You Declare Your Blog Income And Pay Taxes?

billg — Sat, 03 Mar 2007 08:19:30 -0000

Google, etc., do report your earnings to the IRS or the equivalent national tax agency, right?

Re: Do You Declare Your Blog Income And Pay Taxes?

J David — Fri, 02 Mar 2007 14:59:16 -0000

Well, considering I make about .19 cents a week, I do not...

Re: Do You Declare Your Blog Income And Pay Taxes?

Everton — Fri, 02 Mar 2007 12:22:24 -0000

I didn't declare mine when my income was low as it didn't seem worth it, but since it has recently got quite substantial I now declare mine as similarly I don't want to risk being convicted. And, you're right I don't think we will get many people saying they don't pay.....

Another reason I decided to declare is because I'm self-employed now so I can shield a lot of my earnings (I have an accountant in the family) and adding the blog income to my main income means I pay a lower tax rate on that income as well (it's complicated)

Re: Do You Declare Your Blog Income And Pay Taxes?

Martin — Fri, 02 Mar 2007 11:41:41 -0000

I think this is a rather sensible topic and you probably will not get lots of feedback from bloggers who do not declare the money.

I for one decided to pay taxes to be on the safe side. Could mean serious punishment in my country (heavy fines, jail).