Question about paying tax

zeehman · Jan 22, 2012

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

9_bar · Jan 22, 2012

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

zeehman · Jan 22, 2012

9_bar said:
depends what country your in, and where your company is based.

I live in the US. Im just an affiliate.

9_bar · Jan 22, 2012

whats the tax breaks in the US?

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

naturalbornthriller · Jan 22, 2012

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.

jonnyquest · Jan 23, 2012

naturalbornthriller said:
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.

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

Question about paying tax

zeehman

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9_bar

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zeehman

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9_bar

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jonnyquest

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