b1step-ahead
Elite Member
- Nov 15, 2010
- 1,731
- 1,035
macbaren I know you are all happy about the payouts etc, most people however forget that they need to pay taxes for income over $600 + on internet... just something you should keep in mind. All income you receive I would say take at least 20% for taxes. Because you are now independent employee. If your thing is doing good, for $50-100 you could open an LLC and take advantage of tax break..
MacBaren LLC![]()
50-100 for LLC what state? In california if you do the paperwork yourself and just pay the fees which is 100 or 200 dollars. The california LLC tax is at least $800- just start out as a sole prop and keep the money coming in- you can hide your money with turbo tax-