Hello Can someone tell me how to declare taxes from affiliate networks? I'm member of clickbooth. When I receive payment do I have to declare it as payment from clickbooth or as paymant from all different companies that I promote? Thank you in advance
payment from clickbooth. you are an "independent contractor" to them. if i remember correctly, you only have to report it if it is above $600. but never take tax advice from strangers on a forum
Thanks but my idea was how they send these money, as money from the affiliate network, or as money from all different companies?
It depends where you are connected with. If you are a member of commission junction (cj.com), then the money would come from cj.com.
Each affiliate network should issue you a W2. If not then you must manually figure out all gross funds earned throughout the fiscal year. You then need to factor in all your affiliate networks as a gross income for the year. Once you have this figure you can begin to "write" off items and expense out the things that will fit under business usage.