LLCs are You Sending TrafficVance a 1099?

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PSU4Life

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Aug 10, 2006
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Anyone that owns an LLC sending TrafficVance a 1099?

Most traffic sources are Incorporated, but just noticed that TrafficVance is an LLC. If you pay over $600 to a non INC company and your an LLC your supposed to send a 1099. I think you don't have to if they are taxed a certain way and some other junk though, but all I can tell is Futureads LLC owns them.

Anyone look into it yet?
 


rogerrabbit said:
^this^ beat me to it.

Getting a fucking accountant is the SINGLE best decision in the history of my company.
Click to expand...
What they said. If you're confused about such small things, talk with an accountant. Accountants really don't charge that much, and the benefit is worth it. My accountant will be saving me more in deductions than he's getting paid from me. I wouldn't have taken some of these deductions last year since I had no clue how to do some of these tricky deductions properly.
 
rogerrabbit said:
^this^ beat me to it.

Getting a fucking accountant is the SINGLE best decision in the history of my company.
Click to expand...

I got one, and he said I need to send 1099s to any non INC business. Since all the big traffic sources are INC (Google, Yahoo, MSN, etc) I just assumed TraficVance was also INC. But they seemed to be owned by futureads LLC.

Since I'm an LLC I most likely have to send them one but they might be getting taxed like an INC, which would mean no 1099 is needed. I've contacted TV with no response yet.

I figured a bunch of WF users have LLCs and use TrafficVance, just seeing if they already found out if TV needs a 1099 sent.

BigWill said:
Thats if you pay them not if you buy things from them
Click to expand...

I'm paying them for traffic. Aren't those 2 things the same?

If you spend over $600 to your US LP Designer and he's not an INC, you most likely have to send a 1099. I would be buying Landing Pages and paying him for his services.
 
You do not send trafficvance a 1099. Trafficvance is not working for you and is not a contractor to you. It has nothing to do with whether or not trafficvance is incorporated, an LLC, a partnership, whatever.

If your accountant tells you that you do, you fire him. I just fired mine last month.
 
On the 1099 form (http://www.irs.gov/pub/irs-pdf/i1099msc.pdf) it says:

'Exceptions. Some payments are not required to be reported on Form 1099-MISC, although they may be taxable to the recipient. Payments for which a Form 1099-MISC is not required include:
Generally, payments to a corporation; but see Payments reportable to corporations on page MISC-2;

Payments for merchandise, telegrams, telephone, freight, storage, and similar items;'


I'm not an accountant so this is informational only, but I consider clicks from trafficvance to be merchandise/similar items so you wouldn't need a 1099 for them, even though they're not a corporation.
 
Did you 1099 OfficeMax for your pens and paper?

edit: the obvious is what everyone else said, get a better accountant. ask someone here for a recommendation if you want. if your situation is simple (straightforward, properly structured entity, no weird deductions), it shouldn't cost more than $500-1500 for them to straighten you out AND file your taxes.
 
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