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Need Help and Advice Paying Tax In USA

Discussion in 'Business & Tax Advice' started by TheKingGeek, Dec 29, 2013.

  1. TheKingGeek

    TheKingGeek Senior Member

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    This year was one of my best year in internet marketing. I would like to know how do I go in paying my taxes?, I have a JV in which my partner gets 50% of the earnings, but all the accounts are under my name. Also I invest money be it in SEO services, content etc. How do I go in explaining all this to my tax filling person?, should I print the earnings by network and transactions made for buying services? And also include the transactions in which I sent my partner's cut via Payoneer etc? I'm so confused about this Tax bullshit :(

    Please tell me that proper way to do this, as I don't want to avade tax or anything like that and then get in trouble with the IRS. Thanks in advance.
     
  2. Disloyal

    Disloyal Jr. VIP Jr. VIP Premium Member

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    You need proof of every transaction via invoice,receipts,bill, and etc... Frrom there the accountant has something to work with. Maybe, set up an one person LLC for next year as well. This will help you in many different areas.
     
  3. MadStacks

    MadStacks BANNED BANNED

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    My advice is to not register your company in the United States if that is where you are located. Other entities like
    Hong Kong are much more business friendly.
     
  4. Somah

    Somah Newbie

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    I can answer a few questions to get you going in the right direction if you want. The system is banning me from posting my contact info. Maybe PM yours?
     
  5. TheKingGeek

    TheKingGeek Senior Member

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    That is the thing, I do not own a company. All the money I make is as an affiliate.