What About Income Taxes?
Hello All,
This will be my third week hare at WA and there is a topic that I have not seen yet. I am not sure if this addressed in a later lesson or not.?
The ultimate goal here is to make MONEY... however I d not see the subject of Taxes and how best to deal with them. Are we issued a 1099 form at some point?. For those of you not familiar with this form, it is given to people who work as independent contractors. and lets them know how much income was reported to the IRS.
While it not an issue now, hopefully it will become an issue later on down the line.
I would like to hear from others have dealt with this because as you now the government always want it's snare.
Thanks ,
Steve
Recent Comments
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Steve, I have 2 posts that look into the Tax issues.
http://affiliateincomes.org/affiliate-incomes-tax-what-can-you-deduct
http://affiliateincomes.org/best-places-to-earn-an-affiliate-income
Hope these help you a little
Usually, to be an affiliate you have to give your EIN or SS number. They help you deal with taxes. If you sell your own products, then you are directly responsible to the IRS,