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Getting Started In Affiliate Marketing

getting started in affiliate marketing
self employed tax threshold?

I’ll be starting affiliate marketing (basically, just referring other people to a product online and if they buy it I get part of the commission).

Does the government wait until I make a certain amount to start taxing me? say, once I make $300 (or whatever the amount is)? Or will I have to pay taxes as soon as I make my first dollar? I mean, obviously I wouldn’t make $1 and quit, lol, but you know what I mean.

Also, I live in Wisconsin if it matters.
oh and by the way, is that $400 gross income or $400 net income?

If you have other income which already requires you to file a tax return, all income from self employment must be reported. If this is your only income, you are required to file a federal income tax return if your income from self employment is $400 or more for the tax year.

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Thursday, August 11th, 2011 Affiliate marketing No Comments