Adsense 1099-misc
What should I do with this Google Adsense 1099-MISC tax form?
Hello. I just signed up for Adsense close in early 2008. I won more than $ 600 on Adsense Thanks to YouTube Partner Programme, which gives thanks to Google Adsense. Google sent me this Form 1099-MISC tax in January 2009, and I wonder what to do with it? I am only 18 and I do not file my own taxes, and I never. I do not job, and I am a high school student, and my only income is income from Adsense. I am very nervous and scared because I do not know what I do with this form, and I heard you can go to jail for failing to these types of forms! HELP! WHAT SHOULD I DO?!
Google introduced to the IRS the amount you won, which means IRS knows how much you earned from Adsense So, you must file a tax return reflecting the exact amount in 1099 as part of your earnings. Use the form Schedule C Profit and loss of business http://www.irs.gov/pub/irs-pdf/f1040sc.pdf The good news is that you can deduct all expenses incurred in the performance of your website eg AS – accommodation – the campaigns pay per click – Online marketing Other – participation in seminars related to SEO, Adsense or any business-related conferences and seminars – for Business magazine subscription – domain renewal or registration – the cost of creating content, but you must file your tax return.
