Cam sites that do not report earnings?
Hi everyone! I've been lurking here for a few weeks taking in all of the amazing information :) I am beyond burnt out in my current career. I was allllll ready to get back into camming until I read the scary information about background checks.
Can anyone tell me of a cam site that does NOT issue a 1099? Before anyone jumps on me, I have ZERO intentions of trying to pull a fast one on the IRS. I have a dedicated banking acct for my website and plan on putting all cam money there and reporting every cent of income when we file our taxes. I work full-time in a career that requires licensing and although I'd LOVE to make enough camming that I don't have to kill myself working outside the home I'm being realistic.
Payments from my website come from a company disguised as a vanilla photography business. I do have a photography license (not my full time job), so if ever I were questioned about where this additional income came from it could easily be explained away. Not so much for payments listed as 'streamate' etc. Lol
Outside of trying to cam independently are there other options? I have a NF acct which is tied to my website personality, but have never done very well there.
Thank you so much!
Re: Cam sites that do not report earnings?
Livejasmin.com and webcams.com don't issue 1099s. LJ is ok if you can keep up with their standards, and webcams.com is pretty much not worth it.
Those are the only ones I know of. Any site worth camming on is going to usually issue a 1099.
There's a lot of threads on here about background checks and topics discussing if camming is worth it or not when you have a professional license you are putting at risk. A search should bring them up. :)
Re: Cam sites that do not report earnings?
I really think if you want to cam you should just go for it and work the sites that bring money, 1099 or not. Anyway, you probably already have issues with background checks from your Niteflirt earnings.
For me leaving corporate bullshit behind has been the best career decision I have made.
Re: Cam sites that do not report earnings?
Thank you ladies!!! :) I'll look into LJ Sarah...thanks for the suggestion! Luckily, I did do a search and read through several topics regarding both licensing and 1099, but much of the info was outdated. I.e streamate not issuing 1099's....which they currently do. Otherwise I would be panicking right now lol
Laurie, I am seriously thinking it over long and hard. I don't know that camming could meet or exceed my 'vanilla' income, but I am SO burnt out right now. On the other hand, I can't imagine pissing away my education and years of experience to lose it bc of camming :/ I've never made more than $500 on NF..I use the listings only for existing members of my site and rarely turned it on, so there's no issue there.
At this point I want my cake and to eat it too :( My long-term goal is to get out of debt, and purchase rental properties...if I could cam and work at the same I could 'retire' with 5-7 yrs and be a happier, healthier person.
Sorry for the ramble, and thank you again!
Re: Cam sites that do not report earnings?
Wanted to bump this.
If LJ or other sites that don't issue 1099s, and pay people via checks, can that money be taxed under another business? I'm sure I'll have better luck talking to an accountant about this, but I was wondering if anyone here has this kind of experience.
Now I'm off to run a search to find sex-worker friendly accountants...
Re: Cam sites that do not report earnings?
You have to make a crapton on NF for them to send you a tax form. I only got a tax form from CMD this year.
edit: omg dont jump over me either, I report EVERYTHING, it's the only way i'm gonna get credit...
edit: try freetaxusa.com to do your taxes, I had an accountant and then I went to that site and it does everything the accountant did and it's free!!!
Re: Cam sites that do not report earnings?
If they're US-based, going through a US studio, or have a US office, they have to issue you a 1099 regardless if you make over $600. Many sites recently have switched to very generic sounding or "common" business names for this reason though.
As for being "under another business", you just need to go to your local courthouse and get a registered DBA. It costs about $20-30. The next step is an LLC that costs around $200-1200 depending on your state.
Re: Cam sites that do not report earnings?
Quote:
Originally Posted by
KatyBoleyn
If they're US-based, going through a US studio, or have a US office, they have to issue you a 1099 regardless if you make over $600. Many sites recently have switched to very generic sounding or "common" business names for this reason though.
As for being "under another business", you just need to go to your local courthouse and get a registered DBA. It costs about $20-30. The next step is an LLC that costs around $200-1200 depending on your state.
this , law is law, but even SM's and such dont come in on a name that screams sex work, just a fairly generic corporate name, and for job descriptions, there are a ton of new ones introduced that include net based things like " online personality" etc which cammer, to DIY tutorials or game streaming or blogging etc etc " ( I personally use performing arts) so all and all it's not that difficult to skew said occupations anyway
Re: Cam sites that do not report earnings?
The LLC thing is a good idea. I just have another question. Can I call the cam site companies directly to speak to them about the 1099 issue?
Re: Cam sites that do not report earnings?
Well, I know that MyGirlFund is a site you could use.. They don't report anything. They have the option of Direct Deposit, Payoneer Card or Check for payout. However, they are having problems with their DD people so that isn't available at the moment. The Payoneer card is the way to go though, personally. I love being able to meet a goal and get the money within 30 minutes max, when usually I get it in $10. BTW - their fee for that service is $3, it was $5 but changed recently.
I believe ExtraLunchMoney is also that way, but I haven't worked on that site as I do not do the whole download thing, plus their site is just completely confusing.
I also believe that CamContacts also doesn't issue a 1099.
I also know that if you get on Daily Pay with Princess Jenny (disclaimer: I know many people here have had an issue with the person, but I haven't. I have been on the daily pay with them for awhile, and had zero issues.) to work on SM, MFC, LJ, and some others... They are in England, so the 1099s do not apply from what I was told. They have the option of Payoneer also. You would just have to check what the %'s are for each place you wanted to work on. If you need the link to contact them about the 1099 issue to speak to them or sign up, message me and I will get you the email to get in touch with them.
I was unaware that Niteflirt didn't send you a 1099. I also heard they had different guidelines for when they sent you one, is that true? I know it's way higher than $600 bucks that most people do...
Just letting you know what I know - but for anyone, I know that filing to the IRS is completely the decision of the person that is camming... I have to appreciate the way you are handling things though. Gotta appreciate all of that and give you a huge high five for the plan you are trying to accomplish. I just got outta debt recently, and all of the pain, misery, no sleep and more, was well worth it.
Re: Cam sites that do not report earnings?
NF only sends a 1099 if you make 20k or more, but of course you still have to report the income and you can find that in your earnings summary.
Re: Cam sites that do not report earnings?
So camming won't show up in background checks?
Re: Cam sites that do not report earnings?
Quote:
Originally Posted by
Kylie-Lynn
So camming won't show up in background checks?
No it will not
12 years of being a cam model, and done a few porn scenes - I only lost dead-end jobs because the co-workers visit porn sites and I looked familiar to them. The only thing that shows in my back ground check is my credit history, criminal history - I got unfortunately you can not find any criminal background on this person when it should say congratulations. and my job history where I would get a T4 or T4a and maybe T5000 (canadian welfare and disability)
Re: Cam sites that do not report earnings?
i wouldn't count on mygirlfund f you're going through payoneer. Payoneer DOES file after all and tells about every transaction you make through them..so even if MGF doesn't if you go through payoneer they will.
Re: Cam sites that do not report earnings?
^^^ to bring things up to date, a provision of the TPP / TAA legislation would reinstate a mandate for ALL businesses making payments to US based businesses / "persons" to issue 1099's if the total amount of payments exceeds $600 per year. There's a thread about this in the Industry Insight forum. Thus the fact that a particular non-US based webcam host site hasn't issued 1099's in the past might not guarantee the same in future years.
In regard to 1099's being issued with 'non-descript' company names, these 1099's also include a payer's ID number ( = EIN ). From that payer's ID number ( = EIN ) it's probably a very simple database search to discover the 'nature' of the business being conducted by that company. The search might not turn up much on a non-chain individual strip club, but it is very likely to turn up all sorts of info on large incorporated adult webcam hosts, corporate chain strip clubs, etc. Such searches are becoming more common as would-be employers attempt to verify employment history.
In regard to 'insulating yourself' from 1099's issued by adult businesses being linked to your own name, address, and SS#, by far the best way to do that is to form an LLC or S-Corp in a state which does NOT make the actual corporation owner's name part of 'public record'. There's a thread about this in the Dollar Den forum. With that LLC or S-Corp established, your corporation can then apply for an EIN of its own, as well as opening a business bank account in the name of the corporation using the corporation's EIN. When you sign up for a camming account with a new webcam host, you can register using the corporation's name, address and EIN instead of your personal name, address and SS#, and you can route payments to the corporation's bank account. When the webcam host issues a 1099 at the end of the year, it will include only the corporation's name, address and EIN. In turn, at the end of the year your own corporation will need to issue a 1099 to you using your own name, address, and SS#.
This arrangement adds a layer of separation and effectively erects a 'brick wall' in any paper trail by the adult businesses paying your corporation, and your corporation separately paying you personally. If future state professional licensing agencies or prospective employers decide to do an in-depth background check which includes tax records, all they will be able to find is the 1099 which your own non-descript corporation with a Nevada / Wyoming / whatever address filed to report money it paid to you personally. There is essentially no way that a tax record search authorization for records tied to your own name, address and SS# can access corporation records in a different state. And in some states, accessing corporation records requires that 'probable cause' be successfully proved to a judge in the state in which the corporation is registered.
I would also add that, while forming an LLC or S-Corp does cost a bit of money, both up front and annually, it also legally reduces taxes owed for camgirls earning $50k+ per year or more ... thus making the forming your own corporation more than 'pay for itself'. This is discussed in detail in the Dollar Den thread.
None of this will help, though, if future use of facial recognition search technology winds up matching your state professional license application photo or a photo snapped by a straight job interviewer with an 'adult' image of you which a webcam host / strip club / customer posted elsewhere on the net. The use of facial recognition technology today is quite limited, but it is already expanding to large corporations. The major worry is just how commonplace the use of facial recognition technology may become 5-10 years down the road, when the time comes to graduate from college, to renew a state professional license, to seek a better 'professional' job, etc.
Re: Cam sites that do not report earnings?
I dont believe telepass issues 1099s do they ? I didnt get 1 the last 2 years. Anyway im trying to do my taxes, it wants an EIN number do i just use my social for it ?
Re: Cam sites that do not report earnings?
I dont believe telepass issues 1099s do they ? I didnt get 1 the last 2 years. Anyway im trying to do my taxes, it wants an EIN number do i just use my social for it ?
Re: Cam sites that do not report earnings?
Quote:
Originally Posted by
Violethollywood
I dont believe telepass issues 1099s do they ? I didnt get 1 the last 2 years. Anyway im trying to do my taxes, it wants an EIN number do i just use my social for it ?
Most of the time you can use your social without issues. If you absolutely need an EIN (for example, to open a business bank account or to pay someone else/issue a 1099) you can get one here in about 5 minutes for free:
https://www.irs.gov/businesses/small...ber-ein-online