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  #1  
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Making Affiliate Marketing FUN!
Join Date: January 18th, 2005
Location: Dallas, Texas
Posts: 132
Taxes

How do taxes work with affiliate marketing? I am confused about it all. Could anyone give me a run-down?
  #2  
Old
Affiliate/AM Moonlighter
Join Date: January 17th, 2005
Posts: 874
The same as any other income you receive. Your best bet is to see a tax accountant.
  #3  
Old
ABW Ambassador
Join Date: January 18th, 2005
Posts: 1,350
Schedule C - Besides federal tax you will also have to pay SS tax. Just figure they will want about 25% of your income.
http://www.irs.gov/pub/irs-pdf/f1040sc.pdf
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  #4  
Old
notary sojac
Join Date: January 18th, 2005
Location: Central/Western NY State
Posts: 7,678
keep a good record of your expenses. You should be able to knock down gross income and consequently the basis amount for the social security tax. But don't quote me; do the homework.

you can deduct home office expenses, but be careful there, too. publications are available from the IRS site.
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