Author Topic: Multiple Agency Tax Reporting Problems (Read 4913 times)

cardmaverick · « **on:** April 06, 2011, 16:07 »

Is it just me, or are many agencies reporting incorrectly? I got THREE 1099's from Bigstock photo, and the 2nd correction is still WRONG. So far everyone is under-reporting.... I think... I know shutterstock pushes your December earnings over into the next fiscal year and my spreadsheets account for that when calculating my taxes, BUT, even they still are under-reporting...

So whats up with everyone else here?

sc · « **Reply #1 on:** April 06, 2011, 16:16 »

I don't think any of them have a real handle on the taxes situation.
As long as you report your earnings you're fine.
Frankly I report all my earnings. If I report more than any agency reports the IRS is happy.
If I were to report less - I'm sure they'd be all over me about it.

Konstantin Sutyagin · « **Reply #2 on:** April 06, 2011, 16:41 »

How much you have earned in 2010 and how much they paid you in 2010 are two different figures. They report the former one.

cardmaverick · « **Reply #3 on:** April 06, 2011, 16:56 »

Quote from: Konstantin Sutyagin on April 06, 2011, 16:41

How much you have earned in 2010 and how much they paid you in 2010 are two different figures. They report the former one.

I understand that, but even when I throw out December payments (which generally aren't paid until after the new year, and in Shutterstocks case, are put towards your next years taxes), the numbers are still way, way off....

cthoman · « **Reply #4 on:** April 06, 2011, 16:59 »

Quote from: cardmaverick on April 06, 2011, 16:07

Is it just me, or are many agencies reporting incorrectly? I got THREE 1099's from Bigstock photo, and the 2nd correction is still WRONG. So far everyone is under-reporting.... I think... I know shutterstock pushes your December earnings over into the next fiscal year and my spreadsheets account for that when calculating my taxes, BUT, even they still are under-reporting...

So whats up with everyone else here?

Yeah, I think I got 3 from them and none of them were right. Everyone else seemed to get it right though.