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JCP
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Joined: 26 Jan 2007
Posts: 85
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# Posted: 16 Jun 2007 23:51
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Does Click Bank send out tax forms at the end of the year? Or is this something we just have to keep track of personally?
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makemoneyonline
Joined: 3 Sep 2006
Posts: 861
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# Posted: 1 Sep 2007 02:13
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I've never received any tax form from clickbank.
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pcwork
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Joined: 12 Aug 2006
Posts: 1605
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# Posted: 1 Sep 2007 20:37
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If your income is more than a certain amount, most companies will send out tax forms
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happywife
Joined: 14 Aug 2007
Posts: 1102
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# Posted: 3 Sep 2007 02:01
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pcwork is correct. Off the top of my head, I think it is about $500 but I haven't double checked that. They will send you a 1099 - misc if you exceed the limit, whatever it is. Then you will have to file for self-employment tax on that money unless our business is an LLC or Corporation, etc.
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JCP
Member
Joined: 26 Jan 2007
Posts: 85
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# Posted: 3 Sep 2007 21:37
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Thank you.....
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opendomain
Member
Joined: 19 Aug 2007
Posts: 535
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# Posted: 4 Sep 2007 14:05
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I believe it is anything over 599.99 and they have to report your income to the feds.
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makemoneyonline
Joined: 3 Sep 2006
Posts: 861
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# Posted: 9 Sep 2007 22:40
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Quoting: opendomain I believe it is anything over 599.99 and they have to report your income to the feds.
This is what I do, but I haven't received any tax form from clickbank. Not yet anyway.
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JCP
Member
Joined: 26 Jan 2007
Posts: 85
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# Posted: 14 Oct 2007 19:55
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Probally they will send out a 1099 form~ if it is over a certain amount.
But I think it is actually probally more like $900 I am leaving here to research that though. 
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JCP
Member
Joined: 26 Jan 2007
Posts: 85
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# Posted: 14 Oct 2007 19:59
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Taxpayer ID Number Requirement for US Based affiliates Earning Over $600
ClickBank highly encourages US based affiliates earning over $600 a year to obtain an IRS issued Employer Identification Number (EIN) to input into your account as a taxpayer ID number. If you do not have one already, you may click HERE to get yours at the IRS web site. Note that this is a free process. The IRS will either provide your number online, or mail it to you. Once you have obtained your EIN please be sure to key it in to all of your ClickBank accounts, in this 9-digit format: 12-3456789. This helps to simplify the year-end 1099 reporting requirement. In any event, US based affiliate accounts earning over $600 are required to have a taxpayer ID number of some kind linked to their account, at a minimum a social security number. If inputting a social security number, be sure to use the proper 9-digit format including dashes: 123-45-6789.
Note: The taxpayer ID number input to your account must match the payee name on the account. If you are utilizing a business payee name but reporting under an individual social security number, you will need to fax a completed IRS W-9 form to us at 208-342-3934. Be sure to include a cover sheet that indicates your account nickname.
Second note: If you are utilizing a US address but are a beneficial resident of a foreign country, you will instead need to fax a completed IRS W-8ben form to us at 208-342-3934. Be sure to include a cover sheet that indicates your account nickname.
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spartanmr
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Joined: 29 Oct 2007
Posts: 9
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# Posted: 29 Oct 2007 14:13
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So I don't have to leave the house to file some paperwork then, right?
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Michael Reyes
http://spartanmr.avgjoepack.hop.clickbank.net
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ibw13
Member
Joined: 7 Nov 2007
Posts: 13
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# Posted: 7 Nov 2007 21:05
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You have to file with the IRS, I received a form that had my earnings for the year and I had to file them and pay taxes.
Another question. Can you also claim on your taxes the laptop you use to make money online and the internet service at home and a room or area in your home?
Thank you
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Newbie Shield
Joined: 22 Sep 2007
Posts: 2232
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# Posted: 7 Nov 2007 21:10
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Last I heard it was anything over $600.00.
Disclaimer: I am not an a tax attorney and I accept no liability for any tax statements I have made or will make in the future. Do your own research regarding taxable income.
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stacy
Member
Joined: 9 Oct 2007
Posts: 82
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# Posted: 8 Nov 2007 17:21
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I worked at a CPA firm for a while and have a little tax experience, but I am no expert either.
I do know the amount for a 1009-MISC is $600, just as Newbie and JCP said earlier. You can claim business use of your home, or part of your home, but if you are ever audited, you better not have anything personal hanging around your computer or you will be in trouble. They want it to be exclusively used for business. You can take a % of a room, which may be a safer route. I have a home office, but I only take a small % of it as a write off because I don't want to get in trouble. I do write off laptops, printers, and DSL service monthly, BUT I do not know if this is accurate or not becasue I've never been audited. Again, the IRS will want to make sure that your internet service is being used strictly for business.
I'm sorry I don't have better advise. I am very conservative when it comes to filing my taxes, I alwasy go the safest route. My husband wants to write off everything so we disagree a lot. Just think about what you would tell the IRS agent if he asked about certain expenses. You might even want to make soem notes, as they can audit you 7 years back and who can remember why they did somethign 7 years ago?
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JCP
Member
Joined: 26 Jan 2007
Posts: 85
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# Posted: 14 Nov 2007 09:12
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Yeh my husband wants to write off everthing also... I was self employeed for 12 years as a Hair stylist. Every time I did my taxes I crossed everything that could be crossed.
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cherie27
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Joined: 27 Nov 2007
Posts: 676
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# Posted: 28 Jan 2009 07:04
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Do this apply to international affiliates?
Please advise.
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samueldarwin
Member
Joined: 10 Oct 2007
Posts: 463
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# Posted: 15 Feb 2009 09:55
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I just lost $50 advertising click bank products in Adwords. May be this will be useful for me in the days to come.
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dlozen
Member
Joined: 15 Feb 2009
Posts: 41
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# Posted: 15 Feb 2009 16:12
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Don't feel like the lone ranger...
I spent 190.00 advertising TattooMeNow.com sent 289 clicks to them and didn't make a dime...
Needless that they are off my clickbank list. I've found that a LOT of clickbank products are either scams or borderline scams...
and some that I would think were ...aren't -- Go Figgure!
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Sonni
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Joined: 10 Jun 2008
Posts: 417
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# Posted: 16 Feb 2009 12:18
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Wow Dennis that's a lot of clicks to not get any sales. You have to be careful with adwords or you will lose a lot of money.
Sonni
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briseidalopez
Member
Joined: 28 Mar 2009
Posts: 15
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# Posted: 1 Apr 2009 23:27
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I was reading your post and go very curious about what you said re: clickbank since I just signed up with them.. So you didn't make any sales using clickbank products? I understand they also have ebooks....
Has anyone in the forum had a good experience with clickbank?
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dlozen
Member
Joined: 15 Feb 2009
Posts: 41
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# Posted: 2 Apr 2009 01:15
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I'm starting to get it. I'm using very targeted adwords now and I test the ad with cheap click on ezanga.com... I've pulled in abouyt $700.00 this week on click bank using that technique and really researching the product and adwords for it before I post a ad on google.
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dlozen
Member
Joined: 15 Feb 2009
Posts: 41
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# Posted: 6 Apr 2009 00:39 · Edited by: dlozen
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Clickbank does send the IRS a 1099 earnings statemment. They have to by law. It's up to you to keep your tax records and declare your earnings/expenses for your business...
Uncle sam ALWAYS wants his share...
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dlozen
Member
Joined: 15 Feb 2009
Posts: 41
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# Posted: 6 Apr 2009 00:45
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The problem isn't with clickbank. You just have to be very careful which of their products you affiliate yourself with. Do your due dilligence. I thought tattoomenow would be a good pick since tattoo is one of the most searched for keywords on the net. Aparrently the tattoo types like to look but not buy... <sigh>
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jaesun16
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Joined: 21 Mar 2009
Posts: 238
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# Posted: 6 Apr 2009 01:25
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Anything less than $600 they won't but more they will send you
a form. don't worry.
I can see many people here are telling some negative aspects
about click bank..
Telling you guys my experiences with click bank,
Last month, I was targeting a niche products which is ebook
product(buyer will get it instead of hard copy book)
I was doing same way I have learned from clickbank strategies, and my affiliate programs.
I never manupulated or change concept at the middle of month,
At the end of MARCH 2009, I was able to pull up $400 just for a
product!
Don't worry, they are neither Scams nor frauds. Click bank is
good site for affiliate marketer.
And answer for this forum again, Yes THEY WILL SEND YOU A FORM
WHEN YOUR PAYROL EXCEED $600
Thank you
Happy day~^^
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dlozen
Member
Joined: 15 Feb 2009
Posts: 41
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# Posted: 6 Apr 2009 10:01
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I agree I forgot about the $600.00 baseline the IRS set. I passed that a Long time ago. Clickbank is great about paying every two weeks. Te only problem I have is some of the products they carry. but if People buy them I'll sell them.
I'm in this to earn a living. If click bank was selling bags of dog-poop and people were buying them I'd be rithg there selling the stuff.
People need to keep in mind that there are other sources for products out there than clickbank. I have three of them listed on my site. Thre's one that I don't have listed that requires that you've been in affilliate marketing for at least a year and make at least $50,000 a week in sales. I'm saving that one until I get there <grin>
My goud there's gold in them thar hills...
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AllieKLong
Member
Joined: 10 Jun 2009
Posts: 20
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# Posted: 10 Jun 2009 03:08
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Clickbank doesn't send out any taxes. You need to check up with their support center because that doesn't sound right.
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Ann Williams
Member
Joined: 9 Aug 2009
Posts: 37
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# Posted: 16 Aug 2009 11:41
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Here is a link to the IRS Foreign Tax Credit info. Hope it helps.
http://www.irs.gov/irm/part4/irm_04-061-010.html
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