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!

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

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

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.

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.