True -- anyone who's able to read programming manuals should be able to penetrate the tax instructions sufficiently to handle this. Just be aware that there IS paperwork that needs to be done.
And don't count on the money not being reported and try to hide it -- in theory Google and others should be providing you with a 1099, and they'll send the same info to the government. If you don't file the right form the tax man might come knocking. On Jan 21, 10:11 am, niko20 <[email protected]> wrote: > This isn't that complicated people, geez everybody acts like it's some > sort of crime or something. Look, if you show you are trying to do it > right the IRS is not going to hammer down your door. > > It's pretty simple. Most income will be as a "sole propietor". You > simply add the income to your normal job income if you have one. You > fill out a Schedule C showing business gains/losses. In fact, if you > had less then $5000 in business expenses you don't even need to > itemize them, you can just use a Schedule C EZ form, where you simply > put "income" and "expenses" and then "net profit". Simple as that. > > Don't then forget to cacluate the proper taxes. In the US you have to > pay self employment tax, which will be 15.3% of that net profit > amount. To calculate federal tax, you simply add your net profit to > your normal income and then just do your taxes as you normally would. > > This isn't rocket science. Just check out the IRS.gov website they > document everything very well there. > > -niko > > On Jan 21, 8:15 am, Justin Giles <[email protected]> wrote: > > > On Fri, Jan 21, 2011 at 1:28 AM, Zsolt Vasvari <[email protected]> wrote: > > > Does Google send us a W-2? > > > No. At least last tax season they didn't. Don't rely on any ad companies > > to do it either. Basically it's the honor system it appears. Again, talk > > to a professional you trust and always err on the side of caution. -- You received this message because you are subscribed to the Google Groups "Android Developers" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/android-developers?hl=en
