H1-B : I got a 1099-MISC from google adsense

A

anontwit

New Member
I'm on H1-b and got a 1099-MISC from google for adsense. the amount is around $1,500. do i file it with my tax returns? i already did file my tax thru an agent, but did not include the 1099-MISC. how dangerous or safe is it not to file 1099-MISC. i don't want the ins to penalise me for this when i apply for greencard. thanks.
:(
 
business legalities

Hi Anontwit,

I am planning to open a website like yours and make some money through Ads. However, I am not fully aware of business legalities. Since you already have such a business, is it possible that you can help me?

I have questions like:

1. Do I need to register to start a website? As an LLC or sth else?
2. Also do I need to hire someone to maintain the website since I myself can not work on it (because being on H1B)?
3. Can I just use Yahoo or sth to obtain domain name?

Thanks.

Himanshu
 
1099-misc

anontwit said:
I'm on H1-b and got a 1099-MISC from google for adsense. the amount is around $1,500. do i file it with my tax returns? i already did file my tax thru an agent, but did not include the 1099-MISC. how dangerous or safe is it not to file 1099-MISC. i don't want the ins to penalise me for this when i apply for greencard. thanks.
:(
Click to expand...

You must report that to IRS through your Annual Tax filing. When a company sends a 1099-MISC, it will send the same information to IRS also, thus IRS knows that you have received this income and you may audited.

You can now file your amended return.
 
Hi there,

I've also got a 1099-Misc and initially that concerned me, since it could be viewed as an additional income. I asked my lawyer and he said he thought that should not be an issue. My source of income was gifts from usability studies. I filed that as schedule C.

cableching said:
You must report that to IRS through your Annual Tax filing. When a company sends a 1099-MISC, it will send the same information to IRS also, thus IRS knows that you have received this income and you may audited.

You can now file your amended return.
Click to expand...
 
so does this mean one can open a website and get google Adsense income on an H1-B? it says in a lot of places that you can only be a passive investor? I'm a little confused.....could some1 please throw some light on this issue.
I was thinking on opening website for google adsense, affiliate marketting, forums income and I was wondering if it was legal and what the steps were that needed to be taken to do so?
Any documents or links for referrals are welcome.
Your replies are much appreciated.
Thanks!
KM
 
winning in vegas

When you win beyond some $$$ in vegas, the casino will give you a 1099 which you have to file with a tax return - so there is nothing wrong in showing an income on 1099.....
 
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