Taxes (W-9) Form??? Google Adsense?
Asked by: samserio
I’m just wanting to make sure I have this right. I filed my taxes and I owed on my Adsense Earnings since no taxes were taken out. If I update my tax information (the W-9) form and leave “Exempt from backup withholding” unchecked, Google should then start taking taxes out of my payments and i wouldn’t have to file my taxes, right? Id rather pay them when I get my payments, instead of owing later. Can someone please clarify this for me please, because it seems like a hassle having to file your taxes quarterly for Adsense payments.
But If I Don’t Check “Exempt from backup withholding” and pay the 38% tax, Am I free to spend the earnings I receive?