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  1. #1
    Join Date
    January 19th, 2007
    Quick Tax Question...
    Lets assume the only income on the tax return is CJ's 1099 form. (No Deductions / Over 15K) The Feds take a nice even 1/3 right?


  2. #2
    Super Dawg Member Phil Kaufman aka AffiliateHound's Avatar
    Join Date
    January 22nd, 2007
    West Covina, CA
    Emphatically No.

    You need to talk to an accountant, or at least look through "1040 Forms and Instructions"...
    Quote Originally Posted by Infinity
    (No Deductions / Over 15K)
    ...and probably some additional IRS publications on business deductions.
    Since June 10, 2012 a vegan aarf but still writing the Hound Dawg Sports Blog
    "If you don't have time to do it right, when will you have time to do it over?" -John Wooden;
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  3. #3
    Join Date
    January 19th, 2007
    I guess I'll do some research. I just poped open a new Turbo Tax Form and only put in one 1099 form and it gave me 1/3. I'm good with doing deductions. This is my first year doing 100% Affiliate work, with no "Real Job" as my wife says. Basically just trying to get a guestimate on what % I should put aside.


  4. #4
    notary sojac Herb ΤΏΤ¬'s Avatar
    Join Date
    January 18th, 2005
    Central/Western NY State
    any earnings over net $400. mean you pay Social Security tax.

    good to work with an accountant.

  5. #5
    Join Date
    December 6th, 2006
    How do you get paid from CJ?

    direct (as a sole proprietorship) or through a company.

    I would say talk to an accountant not only for this years taxes but so you can minimize the coming year's taxes.


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