You need to report all earnings.
This has nothing to do with what you made.

It was about you having to send 1099's to any company you spent over $600 with.
So if you bought a $1000 lens from Adorama you would need to send them a 1099.
And if you bought a Computer from Apple you would need to send them a 1099.

It was going to be a nightmare - thank goodness they are dumping this provision.

(edit) this wasn't to take effect this year anyways)

Thanks for the happy news, Whiz. Glad to see that the US Senate has voted to repeal this. But I wonder if it means that the 1099 is really gone, or does the House have to repeal it also?

Anybody know?

Quote from: lisafx on January 31, 2011, 14:26

Ktools has just shut down their support forums to new registrants 

Why would they do that?  Weird...

Quote from: Whiz on October 13, 2010, 16:24

I decided to use Ktools to create my own microstock site just for curiosities sake. It was fairly easy to implement, but the mysql stuff did spook me a little. Anyway, I was just wondering what you all think of it. I have tested the payment system with Paypal Sandbox, and it seems that everything is working properly. Here is the link if you want to take a look: http://rfstocks.com/

Also, sometimes the site seems slow. Then again, maybe it's just me.

You Rock. Great work!

I am working on a similar idea.

Quote from: adijr on December 11, 2010, 21:07

I am a canadian living in the US as a student. Canadian taxes are skyhigh compared to here. Most people I know in Canada and with whom I've at least mentioned finances are quite content to pay their taxes, even those taxed at 50%.

I am really curious why (some?) people are sooo eager to not pay taxes here in the US. In my mind, the equation was very simple, more taxes = more social programs, infrastructure, etc. (of course, assuming no excess of corruption)
...

Excess of corruption?  All of these social programs are inherently corrupt.  The famous Canadian health system (using Ontario as an example) has maybe 80% of its funding skimmed out of the system by bureaucratic "overhead" which is about what you would expect of any government monopoly.  I have some inside knowledge of this because of a friend inside the system who had access to a confidential audit.  And the system is corrupt.  You won't read much about this in the papers or see it on TV but when it comes to getting jumped up in the queue for hard-to-get medical services (like MRIs) there a lot of favoritism, bribes and extortion going on.  Not out-and-out cash bribes AFAIK, but more like people getting bumped up in the queue if they are a crony of a politician, or getting an immediate upgrade to their hospital care if they threaten a politician that they will complain to the press and expose the crappiness of the system.  That's for medical care.  For the awarding and paying out of government contracts, I'm sorry to tell you that there is a lot of blatant corruption going on, as in envelopes of cash changing hands.  A little bit of this came out over the sponsorship scandal, but some ex-government employees told me some stories indicating that sponsor-gate was not the exception to how government contracting works, but the norm.

I believe that there is not a single province in Canada which can balance its budget right now (with the possible exception of Alberta) and the federal government is running an all-time-record deficit.  The money is disappearing into the pockets of the politicians, their cronies who have government contracts, and the unionized bureaucrats.  Meanwhile, the infrastructure is crumbling.  The highways and major roads of Ontario are so full of cracks and potholes, you'd think you were in a third-world country.  In Quebec the highway bridges have been literally collapsing because of lack of maintenance.

Government monopolies don't work - that's why in Canada the health care is rationed and people are dying on waiting lists for operations, and in North Korea the food is rationed and people die of malnutrition.  The reason why monopolies don't work is that the people who run the monopolies have no competition and therefore can abuse the system and make it as expensive as they want, and they will not lose their "customers".

This system, the one in North America, Europe, Japan and Australia is probably not going to last much longer.  Foreigners are not going to keep lending money to these governments forever, so that they can skim all the cream off the top and then offer crappy "social services" to the sheep.  The tax base is already crumbling because all kinds of businesses, big and small, are being pinched because their customers are getting poorer and taxes and regulations are getting more onerous (see 1099).

You can do what you want with your own money, but I don't think that it will help anyone (least of all yourself) if you pay any more into this mess than you have to.

Quote from: Whiz on November 23, 2010, 01:15

This portion of the health care bill will either be repealed or watered down. The president is for repeal of it as well. I just want to add that I was confused briefly because I thought I was going to have to send W9 forms to the grocery store for my food (among other things). Then I realized this is for business related items. Also, it does not take place until 2012.

Well, you would if you spent more than $600 in food for your business, as I'm sure I have done this year. 

The form will be new - a 1099-K, so I assume it'll be used to reconcile amounts on other types of 1099s and catch those that aren't on any 1099.

@Whiz

Could I ask why you chose this route rather than using a site like Photoshelter, Zenfolio or Smugmug

Nice site by the way.