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Ernest Jones (@WarbNull) profile picture

Ernest Jones

@WarbNull

THIS ACCOUNT IS NO LONGER ACTIVE; Find me elsewhere CPA, CFE, I do taxes Any advice (tax, investing, anything) is considered general and not specific to you

 Las Vegas, NV
Joined April 2010
  • Tweets229
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15Media
Photo by Ernest Jones (@WarbNull)Photo by Ernest Jones (@WarbNull)Photo by Ernest Jones (@WarbNull)Photo by Ernest Jones (@WarbNull)Photo by Ernest Jones (@WarbNull)Photo by Ernest Jones (@WarbNull)Photo by Ernest Jones (@WarbNull)Photo by Ernest Jones (@WarbNull)Photo by Ernest Jones (@WarbNull)Photo by Ernest Jones (@WarbNull)
Someone just told me they got their Twitch 1099s. Time for general tax advice for all US based new media creators. Yes, you need to file if you have at least $400 in NET self-employment earnings (non W-2). But, here's the trick - the IRS doesn't know your expenses (1/14)
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Welp, it is January which means tax season is upon us once more. I reviewed my thread from last year and it's still pretty accurate because tax changes tend to be slow moving but there are a few new things to discuss. xitter.cf/WarbNull/status/135377…
Ernest Jones (@WarbNull) profile pictureErnest Jones@WarbNull25 Jan 2021
Someone just told me they got their Twitch 1099s. Time for general tax advice for all US based new media creators. Yes, you need to file if you have at least $400 in NET self-employment earnings (non W-2). But, here's the trick - the IRS doesn't know your expenses (1/14)
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Remember if you are actively creating content and you receive royalty income that it should be reported on Schedule C, NOT Schedule E.
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Want to save on taxes? These are simple things you can do File your taxes timely Make sure to report all your income Maximize your expenses Look at saving in a tax advantaged way (401k, HSA, SEP, etc) Explore your legal need for an LLC and if you can benefit from tax structure
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We don't know fully what was exposed in the Twitch breach, but if financial data was a part of it you may want to take some precautionary steps. Could be SSN, address, legal name. 1. Freeze credit nerdwallet.com/article/finan… 2. Monitor credit creditkarma.com/
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youtu.be/Qfi9JpgMc2U • sept21st.com
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Sharing a scam #IRS email making the rounds. Lots wrong here, but some quick flags: 1) IRS won't initiate contact via email about your #tax acct; 2) Several spelling & grammar mistakes; & 3) Didn't come from a govt email address. If in doubt, assume it's a #scam. (HT @MrIdotaxes)
Image from Kelly Phillips Erb (@taxgirl)
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Life update: I am pleased to announce that I'm joining @PremackRogers as Senior Counsel, where I'll continue to help creators and devs with their legal needs! I've had a wonderful adventure with the team at @morrisonrothman, and I'm grateful for their lifelong friendship.
Image from Noah Downs, Esq. (@MyLawyerFriend)
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Let's talk about Local Subs Pricing since the Twitch Support just gave a update xitter.cf/TwitchSupport/status/1… (1/12)
Twitch Support (@TwitchSupport) profile pictureTwitch Support
@TwitchSupport23 Jul 2021
📚 We understand the introduction of Local Subs Pricing is a big change for a lot of users. We would like to go over some common questions we have seen. 🧵 For more detailed information please visit our help article: link.twitch.tv/LocalSubPrici…
Image from Twitch Support (@TwitchSupport)
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2. Creators that are close to the 20% threshold but ineligible (e.g. 19% of revenue derived from areas with local sub pricing) will be impacted negatively in the short term by this change (11/12)
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If you are monetized on Twitch, you should read about these changes yourself (12/12) help.twitch.tv/s/article/loc…
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