I signed up for an AJ account last year, started uploading music, and had a few sales totaling only $27.00
So my question is in regards to reporting that $27 to the IRS. I have read that companies are not legally bound to send a 1099 tax form to me unless they have have crossed the $600 threshold. But my understanding is that this does not release me from reporting everything I make even if it is under $600 from a particular company.
So here are my questions:
1.) The $27 that is currently sitting with AJ has not been transferred to any of my actual accounts, such as PayPal or my bank account. Therefore, is it not considered income until it is transferred out of AJ and into one of my actual accounts?
2.) Should I get a1099 form for the $27 and send it along with my W2?Thanks for your time and advice all! Cheers
I think you’re okay not claiming it for tax year 2014 because you have not yet received the $27.00. Going by cash accounting rules, you do not recognize the revenue until you actually get the money. Assuming that you cash out this year sometime, you should report it for 2015 income next tax year, either as hobby income (easier, but with restrictions) or as business income. Either way your standard tax software should take you through it.
Currently you won’t get a 1099 from Envato, but this may change in the very near future. Until they start reporting, it’s up to you to track how much you get paid and report it. But again, that’s only when you actually realize the revenue via PayPal or whatever.
Technically, if you were using an accrual accounting method you would realize the income when it was earned, in which case it would be taxable in 2014. But that’s more of an advanced setup usually for larger businesses.
Hope that helps! (BTW* disclaimer – I am not a tax or accounting expert in any way shape or form, so take this for what it’s worth :))
Wow, I was expecting some crazy harmonica made out of a potato, but that was the real thing – he’s pretty good! When I’ve tried I never could quite coordinate the blowing and the drawing and was always hitting the wrong note.
For this gig it’s literally a little bit of an accent in the last 4 measures of the song, so I think it would be overkill, but definitely I’ll keep him in mind
BTW just so I’m not out badmouthing Sonivox, their support guy got back to me today with a manually created license file, so they came through and I’m happy. But I’m glad I started the thread because the Misfit 8dio one looks interesting, and also the recording tips Hadn’t thought of putting it through a tube amp – I bet that would sound excellent.
I would buy a real one… They are tricky to record, but nothing can really simulate the articulation of this simple instrument
Probably for the immediate circumstances I’ll just use a library, but I think you’re right in the long run, plus I usually try to use real instruments whenever possible. Though I have played a little bit and they do take a good amount of skill to get right (though a Dylan type sound is not too hard to achieve :))
On that note, have you recorded one, and if so how do you do it? I’m guessing SDC off axis, or with a pop filter?
Great minds think alike, Semyon !
Thanks, Phil – I’ll check out the 8dio offering.
Sorry to add yet another library thread, but I’m looking for a good harmonica sound other than the one from Sonivox.
Long story short, I did some work for a client and sent a scratch track with the demo version of the Sonivox VST. The client liked the track, so I purchased the VST, which has subsequently refused to acknowledge the authorization code or my email address. So… since I have not yet heard back from their support address, I’m looking for a different library so I can complete the final mix.
Any ideas? Or should I just hop over to Guitar Center and buy a harmonica ?
As far as I know, there will be no reporting from Envato for the 2014 tax year. You’ll still have to report the amount you have made either as hobby or business income – heretofore I’ve just been tallying up the PayPal amounts for the year and reporting that.
Envato is planning on sending out a 1099 for commission + Author Fee in the future. It was originally planned to be for the entire 2015 tax year but that’s been delayed for the time being. I don’t know at this point whether part of the 2015 year will end up being reported in 2016, or if 1099s will begin to be sent in 2017 for the 2016 tax year, or what, but it seems that at some point in the future you will start receiving one.
Hope that helps, and doesn’t confuse the matter further!
Hey all, just curious if any of you have done much with Mid-Side mic placement, and if so what you thought of it, what mics you used, what you used it on, etc.
For anyone not familiar, this is a stereo mic technique that involves a mic with a cardioid (or potentially omni) polar pattern, placed as close as possible to a mic with a figure 8 pattern. The cardioid mic points at the source, and the figure 8 is positioned so that one of the null sides is facing the source. This way the figure 8 picks up a good stereo image and some of the room while the mid mic is much more directional. The trick is that the mid mic is recorded into one track, panned center, and the figure 8 mic is recorded into two tracks, panned hard left and right, with one of these tracks phase reversed. There’s a decent write up here.
I hadn’t tried this configuration until a couple weeks ago (didn’t have a figure 8 mic until recently), and I was really happy with the results on acoustic guitar. Now I want to try it on everything
Anyway, anybody use this technique and care to comment?
I have a Kala concert and a Lanikai tenor. Both were inexpensive and sound nice IMO. The Lanikai is not solid wood, but I end up using it more often because it feels more comfortable.
One day soon I’d like to spring for one of the spendy “Big K” brands, most likely a Ko’Aloha, and will probably opt for a tenor there as well.
I don’t necessarily have a tone preference, but I do have fat fingers, and it’s easier for me to get around a tenor than a soprano or a concert. It feels just a little more beefy and “guitar-ish,” and might be an easier transition for a guitar player. On the flip side tenors usually cost a bit more, but especially at the low end it will just be a few bucks, so probably not a concern.
I liked it – it has a very interesting and driving groove that I could picture in a variety of video applications, and I’m not sure I’m understanding the hard reject here either. If I had to be picky I think I would echo what other people are saying – there is a bit of dissonance when the trumpet comes in, and maybe is too similar all the way through.