If I make $700 in clickbank and $500 in google adsense? I heard that if I make over $600/year, I have to claim it. But I don't know if this $600 is the total or just for one company. My question is: How much do I have to claim on taxes for this particular year? Thanks
Depends on where you're from, really, and the same advice has been given out countless times on the forum. So you might want to do a search for usa/canada/australia taxes, see what you can dig up .
In the US, you have to claim all your income, its just that the companies don't have to tell the IRS about your income until you reach $600. So it looks like you will get a 1099 from Clickbank, but not from google. Of course this is if you are from the USA.
Yes, it is in US. So, I have to claim all $1200? What happen if I only claim $600 from clickbank, not $500 from google?
Mate, your best way is to consult an expert who knows a lot more about taxes. When you do that, you'll know where you stand and what you have to do. So, save yourself some trouble and some times, go ahead and schedule that appointment with an expert. Good luck.