Chapter 18

Taxes for the Affiliate Marketer

IN THIS CHAPTER

Bullet Understanding business structure

Bullet Figuring out your tax obligations and deductions

Bullet Keeping good records and finding help

Like the old adage goes, it’s not what you make, it’s what you keep. It’s just as true with affiliate marketing as it is with the rest of the business world. In this chapter, we want to make sure that you’re familiar with both your tax obligations and the great tax-saving opportunities available to you. But first, we cover how your affiliate business is set up.

Remember Keep in mind that setting up a business isn’t that difficult and there are resources to help you. Of course, you can consult with a tax professional or certified public accountant (CPA), but there are free resources too. Go to the Small Business Administration (www.sba.gov) in your area and ask for a free consultation with a SCORE counselor. SCORE is the Service Corps of Retired Executives (www.score.org).

Setting Up Your Business for Taxes

Before we get to paying and reporting taxes, we need to cover your affiliate marketing business as a legal ...

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