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MakeMuchMoney3
Member
Joined: 12 Oct 2009
Posts: 23
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# Posted: 12 Oct 2009 06:50
Reply
If I sell something as an affiliate. Do I have to pay tax then?
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getagrip
Joined: 20 Feb 2006
Posts: 1881
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# Posted: 26 Oct 2009 12:22
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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
Member
Joined: 29 Jul 2009
Posts: 111
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# Posted: 26 Oct 2009 14:02
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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: 1102
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# Posted: 26 Oct 2009 14:47
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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
Member
Joined: 24 Mar 2009
Posts: 169
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# Posted: 27 Oct 2009 05:05
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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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