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- Feb 9, 2014
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Well, the IRS says if you dont get one, you contact them and they'll send you the form IF MEMEBOX SENT THEM THE INFORMATION.
If Memebox did not send the IRS the information then... well, there's really nothing you can do and at that point, the IRS doesn't know you have it anyway so you wouldn't get dinged for not reporting it.
The thing is that Memebox would be an idiot not to report it because affiliate payouts are deductions they can take as a company.
I suppose I can just do my taxes and then if the IRS sends me a note, just pay what they say. Except I was planning on deducting my expenses anyway and wiping out any taxes I would have had to pay to begin with. If my blog is considered a business because I made more then $600 with memebox then my memeboxes are now business expenses and deductible. Along with all my other boxes, for that matter.
*shrug*
So I have no idea.
If Memebox did not send the IRS the information then... well, there's really nothing you can do and at that point, the IRS doesn't know you have it anyway so you wouldn't get dinged for not reporting it.
The thing is that Memebox would be an idiot not to report it because affiliate payouts are deductions they can take as a company.
I suppose I can just do my taxes and then if the IRS sends me a note, just pay what they say. Except I was planning on deducting my expenses anyway and wiping out any taxes I would have had to pay to begin with. If my blog is considered a business because I made more then $600 with memebox then my memeboxes are now business expenses and deductible. Along with all my other boxes, for that matter.
*shrug*
So I have no idea.
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