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MakeMuchMoney3
Forums Member
Joined: 12 Oct 2009
Posts: 28
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#1 · Posted: 12 Oct 2009 06:50
If I sell something as an affiliate. Do I have to pay tax then?
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getagrip
Joined: 20 Feb 2006
Posts: 2086
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#2 · Posted: 26 Oct 2009 12:22
In most, if not all countries, you have to pay taxes on all income you earn. However, you should be able to write off expenses that are related to your affiliate earnings.
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joanpeterson
Forums Member
Joined: 29 Jul 2009
Posts: 149
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#3 · Posted: 26 Oct 2009 14:02
And it is important to note that if you don't declare your online income, then the taxman may eventually find out. A good example is EBay sellers in Canada. The Canadian tax department has required EBay to divulge information on everyone that earned over a certain amount.
So that left people scrambling to make a voluntary disclosure before the taxman came calling, if they had not duly declared their earnings from EBay.
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happywife
Joined: 14 Aug 2007
Posts: 1565
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#4 · Posted: 26 Oct 2009 14:47
It depends on the country. In Australia, you can make money from "hobbies" up to about $50,000 without having to pay tax - amazing, eh?
In the US, if you earn more than $600 in a year from one place, you are most likely going to get a 1099 form from that company. They will also be sending a copy to the IRS, so you will definitely have to declare the additional income.
The US is pretty strict about not letting you get away with a penny of extra income, so what Keith mentioned about keeping track of expenses is very important. You can deduct all of the expenses first and then only pay self employment and income tax on what is left (the net).
Definitely talk to someone in your area who knows what they are doing and be sure you do what is legal. I like to legally pay as little tax as possible. 
Blessings,
Angie
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garygoh
Forums Member
Joined: 24 Mar 2009
Posts: 192
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#5 · Posted: 27 Oct 2009 05:05
happywife: It depends on the country. In Australia, you can make money from "hobbies" up to about $50,000 without having to pay tax - amazing, eh?
Oh, that's fantastic! I am from commonwealth country as well, but our tax laws don't allow this!
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samkd
Forums Member
Joined: 20 Nov 2009
Posts: 1
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#6 · Posted: 20 Nov 2009 19:27
Hi Everyone
Does anyone know who to contact re: Taxes, in UK?
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VictoriaNTC
Joined: 12 Mar 2008
Posts: 755
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#7 · Posted: 20 Nov 2009 19:52
It is always better to err
on the side of caution.
Go ahead, spend a few hours preparing your tax return.
Should you not owe, celebrate!
Should you be expecting a refund, celebrate big time!
Should you owe tax, celebrate the fact this will not haunt you 
The unknown is what can be dangerous.
Cheers!
Victoria
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TJamMoneyMan
Forums Member
Joined: 11 Nov 2007
Posts: 1222
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#8 · Posted: 25 Aug 2010 03:00
I currently live in Philadelphia, PA.
Right now a big issue is that they charge bloggers $300 tax/license fee.
It is a one time fee of $300, or a yearly fee of $50.
Your choice apparently.
Regardless of how much money you make!
I don't know how long this has been in effect, or why it seems to be a hot topic right now.
Has anyone ever heard of something like this where they live?
Does it seem fair?
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talfighel
Joined: 17 Mar 2007
Posts: 1175
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#9 · Posted: 25 Aug 2010 10:55
It is an income that you earned and I think that you will need to pay tax on it.
Find out the laws in your area and see what you need to do or if you need to pay for it.
In most cases, you will.
Maybe you should talk to your accountant.
Tal
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narelleyeates
Forums Member
Joined: 25 Nov 2009
Posts: 20
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#10 · Posted: 1 Sep 2010 04:37
garygoh: It depends on the country. In Australia, you can make money from "hobbies" up to about $50,000 without having to pay tax - amazing, eh?
HappyWife, is this legit? I am an Aussie and didn't know about this. I know that if you are receiving government benefits you didn't have to declare income from 'hobbies' up to $50,000 so the gov't doesn't take money away from your benefits as you earn more but I wasn't sure that included tax as well.
This is quite interesting to me so I'll have to check it out with the ATO.
Anyone else know about this tax break?
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happywife
Joined: 14 Aug 2007
Posts: 1565
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#11 · Posted: 11 Nov 2010 04:00
narelleyeates: HappyWife, is this legit? I am an Aussie and didn't know about this. I know that if you are receiving government benefits you didn't have to declare income from 'hobbies' up to $50,000 so the gov't doesn't take money away from your benefits as you earn more but I wasn't sure that included tax as well. This is quite interesting to me so I'll have to check it out with the ATO. Anyone else know about this tax break?
That's what I was told by the ATO when I consulted them a few years ago. I'm assuming it is still the same. Did you call them and ask yet? Let me know if you've found out something different.
Interestingly enough, I also remember learning that you could make up to about $30,000 (?) via direct marketing before you have to claim it as a business. I can't remember the source of that, but I remember thinking how different it was here than in the US.
Blessings,
Angie
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