Tax Question... - GoFuckYourself.com

SlamDesigns · 12-20-2005, 06:20 PM

Hi guys and girls. I have a (probably stupid) question. This is my first year running a site where I made money off of affiliates/sponsors, and I'm a little confused on how I pay taxes on this. Do the affiliate programs send out W2's, and if not, how do I go about paying the taxes on the money that I made this year? Sorry for sounding stupid, but this is something that I really need to know. Thanks!

Geeezer · 12-20-2005, 06:22 PM

Surely you're allowed to earn $250 for the year without having to pay tax on it

sfera · 12-20-2005, 06:22 PM

if you make over 500 bux they will send you a 1099, you are an independant contractor :thubmsup

beemk · 12-20-2005, 06:23 PM

get an accountant, but basically 99% of sponsors wont send you anything. you need to claim it all as self employed. dont listen to me though im not an accountant.

beemk · 12-20-2005, 06:25 PM

Quote:

Originally Posted by sfera

if you make over 500 bux they will send you a 1099, you are an independant contractor :thubmsup

no they wont, have you promoted sponsors before? ive made over $600 with more than 20-25 sponsors and only got about 2 or 3 1099's.

12-20-2005, 06:20 PM	#1
SlamDesigns Confirmed User Join Date: Jul 2005 Posts: 2,339	Tax Question... Hi guys and girls. I have a (probably stupid) question. This is my first year running a site where I made money off of affiliates/sponsors, and I'm a little confused on how I pay taxes on this. Do the affiliate programs send out W2's, and if not, how do I go about paying the taxes on the money that I made this year? Sorry for sounding stupid, but this is something that I really need to know. Thanks!

12-20-2005, 06:22 PM	#2
Geeezer Confirmed User Join Date: Nov 2005 Posts: 171	Surely you're allowed to earn $250 for the year without having to pay tax on it __________________

12-20-2005, 06:23 PM	#4
beemk CLICK HERE Industry Role: Join Date: Jan 2002 Posts: 20,829	get an accountant, but basically 99% of sponsors wont send you anything. you need to claim it all as self employed. dont listen to me though im not an accountant. __________________ I host with Vacares

12-20-2005, 06:22 PM	#3
sfera Confirmed User Join Date: Aug 2005 Location: ICQ: 248877409 Posts: 8,597	if you make over 500 bux they will send you a 1099, you are an independant contractor :thubmsup