Adsense PIP November 2010

Adsense PIP

Google Adsense

Thanks webmasters for visiting our Adsense PIP (payment in progress) for the month of November 2010. The purpose of these monthly post is to track the payments made from Google Adsense, around the world to better help gauge when you yourself might get paid.

Be sure to bookmark this page, as you have most likely not been paid yet, If you had you would not be searching for this topic right? Then make a post telling us when your Adsense payment is in progress, where you are in the world, and maybe even another post once you get paid.

It’s fun to track the payments some regions tend to get paid first.

To check your payments login to adsense and visit
https://www.google.com/adsense/reports-payment

PayPal Mandatory IRS Reporting in 2011

paypal logoHere is some news everyone is going to want to pay attention too. The IRS has in effect a rule that mandates everyone report 100% of earned paypal income as of 2011.

How are they going to properly in-force this? Easy..they are forcing banks to issue 1099-K’s to anyone receiving payment from PayPal or Ebay (same company owns both). Bummer right? The bank will summarize all payments and send the summary to you at the end of the year. This means that the IRS gets a copy too. 🙂

OK..so this raises 2 questions in my mind

  1. Are people going to switch payment processors in an attempt to avoid paying taxes. (I bet many are)
  2. Are people going to open bank accounts in other countries to avoid paying taxes. (Im guessing the IRS has no authority over non US banks)

While tax evasion is illegal, it is more common than you think. We suggest you form an LLC or S-Corporation of some sort. I would definitely go talk to an accountant if you make any substantial amount of money online.

UPDATES you must meet the following criteria, if you don’t don’t worry about this it will no effect you. (here r details at paypal)

  • Receive more than $20,000 in gross payment volume in a single year, AND
  • Receive 200 or more payments in a single year.

Here is a draft of the 2011 IRS 1099-K

IRS PayPal Form 1099-K

IRS PayPal Form 1099-K

Adsense PIP October 2010

Adsense PIP Google

Adsense PIP Google

Thanks webmasters for visiting our Adsense PIP (payment in progress) for the month of October 2010. The purpose of these monthly post is to track the payments made from Google Adsense, around the world to better help gauge when you yourself might get paid.

Be sure to bookmark this page, as you have most likely not been paid yet, If you had you would not be searching for this topic right? Then make a post telling us when your Adsense payment is in progress, where you are in the world, and maybe even another post once you get paid.

It’s fun to track the payments some regions tend to get paid first.

To check your payments login to adsense and visit
https://www.google.com/adsense/reports-payment