Tax Preperation for Internet and Affiliate Marketers
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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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