I not sure as I still working on something to try. I assume they pay what you make and then it your responsibility to pay Taxes when you file your 1040. Also, learn about taxes, you do a Profit and Loss statement to add in legal deductions. Remember, it must cost something to operate your Web-Site(s) even if it free.
Adsense, and other such companies, don’t deduct anything for taxes. Those are your responsibility exclusively. They have your SSN and do report the payments to the IRS so there’s no way around the tax on that income. It’s considered self-employment income and is claimed on Schedule C or C-EZ. If the total profit exceeds $400 in any tax year you file Schedule SE and pay the self employment taxes on the profit as well as any income taxes that are due.
As others have said, Google does not deduct for tax purposes, though I don’t think you are talking of taxes but just the regular payment of Google
If you opt for a check, there is no fee deducted from your account when they cut you a check.
However, there is a GREAT RISK that your check may not get to you. You did not specify your country, but in some countries such as the Philippines, there have been a lot of cases where their checks never arrived but was encashed by somebody else
The best option is the Secured Delivery. However, if you choose the option of Secured Express Delivery, Google deducts $30.00 processing fee from your account for this service
If you are going to get a local check Google will convert the amount you earned in dollars to your local currency based on the prevailing bank exchange rate when the check is cut.
But if you choose the Western Union payment and you opt for delivery via your local currency, note that Western Union will convert the money to your local currency and their conversion is typically lower than bank’s conversion. So you lose out in the foreign exchange conversion with Western Union payments
February 24th, 2008 at 10:38 am
I not sure as I still working on something to try. I assume they pay what you make and then it your responsibility to pay Taxes when you file your 1040. Also, learn about taxes, you do a Profit and Loss statement to add in legal deductions. Remember, it must cost something to operate your Web-Site(s) even if it free.
February 24th, 2008 at 5:40 pm
Adsense, and other such companies, don’t deduct anything for taxes. Those are your responsibility exclusively. They have your SSN and do report the payments to the IRS so there’s no way around the tax on that income. It’s considered self-employment income and is claimed on Schedule C or C-EZ. If the total profit exceeds $400 in any tax year you file Schedule SE and pay the self employment taxes on the profit as well as any income taxes that are due.
February 27th, 2008 at 1:49 am
If you are not a US person, they should be withholding 30%.
February 28th, 2008 at 12:37 pm
As others have said, Google does not deduct for tax purposes, though I don’t think you are talking of taxes but just the regular payment of Google
If you opt for a check, there is no fee deducted from your account when they cut you a check.
However, there is a GREAT RISK that your check may not get to you. You did not specify your country, but in some countries such as the Philippines, there have been a lot of cases where their checks never arrived but was encashed by somebody else
The best option is the Secured Delivery. However, if you choose the option of Secured Express Delivery, Google deducts $30.00 processing fee from your account for this service
If you are going to get a local check Google will convert the amount you earned in dollars to your local currency based on the prevailing bank exchange rate when the check is cut.
But if you choose the Western Union payment and you opt for delivery via your local currency, note that Western Union will convert the money to your local currency and their conversion is typically lower than bank’s conversion. So you lose out in the foreign exchange conversion with Western Union payments