Affiliate Networks and taxes?

Discussion in 'Affiliate Programs' started by Virtua1337, Sep 22, 2008.

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  1. #1
    How does that all work....meaning, how do I claim what I make on my taxes? I'm a tax n00b, but I've heard that you should put away 50% of what you make to pay taxes. True?
     
    Virtua1337, Sep 22, 2008 IP
  2. speed100

    speed100 Peon

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    #2
    It's actually 30-40% for home based business. But you can claim many reductions, like internet, ppc spendings, home office, etc.
     
    speed100, Sep 22, 2008 IP
  3. Essociate

    Essociate Peon

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    #3
    find a local accountant and follow their instructions.
     
    Essociate, Sep 22, 2008 IP
  4. redmonkey

    redmonkey Well-Known Member

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    #4
    but how do we know how much we owe IRS? is it possible to check it with credit score service? or you have to keep track for your self?.... that's so tricky.. i just realized one of my network has my fake ssn(well, i didn't trust'em first when i signed up) and i recieved several payments. How do i know if IRS has those paymen on file. Any expert on tax?
     
    redmonkey, Sep 22, 2008 IP
  5. narsticle

    narsticle Peon

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    #5
    you will get a form with your earnings at the end of the year, assuming the network is in the U.S.
     
    narsticle, Sep 23, 2008 IP