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Question about paying tax

Discussion in 'Business & Tax Advice' started by zeehman, Jan 22, 2012.

  1. zeehman

    zeehman Regular Member

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    This is my second year Marketing. Last year I made over 200k from 5 different network. Its all from PPC but I spent about about 80K total. Since Ill be receiving about 5 w2's on where can I claim my expenses?
    How much you guys think ill be paying? Thanks in advance
     
  2. 9_bar

    9_bar Newbie

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    depends what country your in, and where your company is based.
     
  3. zeehman

    zeehman Regular Member

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    I live in the US. Im just an affiliate.
     
  4. 9_bar

    9_bar Newbie

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    whats the tax breaks in the US?

    if you want i can help you show where you have spent your money
     
  5. naturalbornthriller

    naturalbornthriller BANNED BANNED

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    How much you pay in taxes will depend on how much you have in expenses and deduction. Also, it depends if you are working as an individual. If so, you will pay much less than if you are set-up as a business with an LLC. You will need to provide receipts when you file your taxes for your expenses.
     
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  6. jonnyquest

    jonnyquest Regular Member

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    Naturalborn is right ... if you have not received yet the networks will send you all the IRS forms (if in the US) and you need to find a good IRS guide on what is deductible as a business expense = Net Taxable Income

    Now us the IRS guide in the link to estimate

    http://www.irs.gov/pub/irs-pdf/i1040tt.pdf

    JQ

    NOT LEGAL ADVISE HERE ..ALWAYS SEEK A CPA OTHER PROFESSIONAL FOR ASSISTANCE
     
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