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  1. #1
    Member
    Join Date
    January 18th, 2005
    Posts
    66
    Were can I find more info on how much tax to take out of each affiliate check?

    I need to start putting it away into savings so I don't end up oweing a bunch of tax at the end of the year.

    Anyway, is it the normal 25% to 35% (depending on your tax bracket)?

    Also, if you do not have an business license, can you still deduct expenses (domain names, PPC costs etc)??

    I was thinking of spending a lot in PPC towards the end of the year to kind of lessen some of the tax I owe?

    Any tips or help would be appreciated.

  2. #2
    Member
    Join Date
    January 18th, 2005
    Posts
    66
    Nevermind, I just talked to a CPA.

    Sucks how much revenue you make has to go back to Uncle Sam! (the extra 15.3% FICA and MediCair tax on top of your income tax hurts)

    Anyway, feel free to say how you manage your internet income tax if you would like.

  3. #3
    ABW Ambassador Jane's Avatar
    Join Date
    January 18th, 2005
    Posts
    1,350
    I find TurboTax works well. No biz license here, but I had to get a DBA so I could open a bank account and PO box. Having a business bank account and credit card makes things much easier at tax time. I can easily count all the money that came in and went out.. even when I lost the dang receipt.

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