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bullsfan
Forums Member
Joined: 29 Oct 2008
Posts: 15
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#1 · Posted: 6 Oct 2009 02:25
ok i haven't yet got my tax id but I do have a few question about is.
After I start making over $600 a year from Clickbank how much taxes will they charge me and do I have to pay taxes if I make more than $600?
Because only 19 and never payed taxes before!!!
Somebody help me .
Thanks you,
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mountainmom5
Joined: 30 Aug 2007
Posts: 3051
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#2 · Posted: 6 Oct 2009 09:16
This is my first year with them but I think they send you a 1099 or something and you just send it in with your taxes to your accountant.
Make sure you keep any expenses slips, like printer paper, postage, dsl receipts etc, as you can figure off stuff that is office expense for a home business.
Clickbank will not charge you taxes, but on a 1099 you will have to pay self emplyment tax. Which is why it is important to keep receipts.
Also if you have an office that you work out of in your home, there are all kinds of expenses you can take for that.
Talk to your accountant or if you want, I can send you a link to some tax info that helped me.
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dula14
Forums Member
Joined: 1 Jul 2009
Posts: 51
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#3 · Posted: 8 Oct 2009 13:32
No company you are an affiliate of should ever take taxes out regardless of how much you make. Like MM said, it is up to you to accurately file a 1099 with all applicable taxes and expenses.
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