Tax Season Coming Just Wondering About The W-2 Form, From Apple

777ideas.com

Hey Guys, Just Wondering When Do we get our W-2 Form From Apple or Any other Form that we have to file for taxes.

Thanks

tenrdrmer

I would guessyou will get a 1099 and not a w-2

jonmulcahy

Apple does not send out tax forms in the us, you need to declare it yourself, unless something has changed from last year

butterbean

@Jon: does Apple give you the amount to declare for the year, or do you have to manually do that?

777ideas.com

So do we add it up or does apple.

jonmulcahy

Im not sure,i think it's all on you

8BitMichael

I was wondering about all this as well. From what I've read, Apple won't send you a form, but there's not a whole lot of info about what you need to do next! If anyone with experience from last year could chime in then that would be great.

777ideas.com

MDD said:
I was wondering about all this as well. From what I've read, Apple won't send you a form, but there's not a whole lot of info about what you need to do next! If anyone with experience from last year could chime in then that would be great.

Well said , an answer would be great

SRS777

Yes this would be good information to have

777ideas.com

bump!

expired_012

Apple does nothing to help you with taxes...thats all on you, which is actually a huge bummer
I would also like to hear about someones experience with this

AjBlue

dito

777ideas.com

so apple is trusting us to add up all of our profits and filing them for taxes

jonmulcahy

apple doesn't care, the government is trusting you. it's they way they are defining the payments in which they don't need to worry about sending out tax information. they are royalties or something, not traditional payments

butterbean

Basically I have no experience with this, but I would assume you'd take the deposits you've received in your account for the last year (2010), total them out, and that is your GROSS income for the 2010 Tax year, then depending on how much it is, get an accountant, and see how much taxes you owe to the federal and state.

In the U.S, the general rule of thumb is 30%, depending on your filing status and deductions.

You could also plug it into a Tax calculator, just to get an estimate on taxes.

@Mulcahy: So when Apple defines the payments as "Royalties" versus traditional payments, does that change the tax liability? (or what you owe to the government)? Or will your tax liability be the same?