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Tax Preperation for Internet and Affiliate Marketers

Tax Preperation for Internet and Affiliate Marketers

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Click here to get started with me today and join my team: http://bit.ly/2jzfcmc

Income Tax Preparation for Internet and Affiliate Marketers

In this video I talk about my experience with tax preparation for internet and affiliate marketers because online home-based businesses are a booming industry. The important thing is if you are just starting out, chances are you do not have that much income but a ton of expenses to write-off.

Your key to the tax preparation will be the form 1040 Business Profit or Loss Schedule C. You can use this if you’re classified as a sole proprietor (business enterprise). The main things you can write off are advertising, equipment, supplies travel, meals, home office expenses and also very important Commissions, fees, dues and subscriptions.

For advertising this includes: Banner ads, solo ads, Instagram marketing, Facebook marketing, YouTube marketing, Fiverr.com purchases, third-party outsourcing services, etc.

Google “organizer for form 1040 Schedule C.” HOPE this was helpful!!

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3 Responses to Tax Preperation for Internet and Affiliate Marketers

  • Sarah Reihart says:

    Sooooooo helpful!!! NO ONE in this industry ever posts on this topic and it's really crucial, like we need to know how to do our taxes lol so thank you for this video! Very helpful

  • Learning With Julien Lewis says:

    Could a giveaway prize (as indirect advertisement) in exchange for video/post/page engagement (Like+Comment+SHARE+Page Like/Follow+Email Sign-Up) be written off…??? It's not exactly advertisement…but it's directly designed to generate page/site engagement and expand market reach and audience, ultimately serving the same purpose as paying for ads. Thoughts? Advice?

  • Monique Fisher says:

    Thank you so much for posting!  Very helpful!!!!

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