I probably get more questions related to income and deductions for blogging than any other job or hobby. Maybe that’s because I am a blogger – but I suspect that it has more to do with the fact that there are a lot of questions about how to treat new media when it comes to classifications of workers, income and deductions.
Have no fear. I’ve written quite a bit on this subject and rather than rehash the old info, I thought I’d put together a handy list of articles for you to reference.
Check out:
Ask the Taxgirl: When Is It Income (about affiliates and advertising)
Problogger guest post: 46 Tax Deductions that Bloggers Often Overlook
Ask the Taxgirl: Deductions (also addresses hobby versus business)
Problogger guest post: 7 Things that Every Blogger Should Know About Tax
If you don’t see what you’re looking for, be sure and ask the taxgirl!
Similar Posts:
- Fix The Tax Code Friday: Hobby Loss Rules
- Should You Incorporate?
- Ask the taxgirl: Freelance Deductions
- Are you a Problogger?
- Ask the taxgirl: Am I Blogging as a Business or a Hobbyist?
{ 3 comments… read them below or add one }
Hi—-TaxGirl:
Found your blog, through a referral from BONTB:
http://www.bontb.com/2008/04/you-make-money-online-how-about-paying-taxes/#comment-25495
I have so many questions on blogging and taxes. Oh my, i will read your articles, and then ask questions. I better get on it, i know the clock is ticking. Yikes!
Missy.
I have a question about Life Insurance and tax deductions. I work as an insurance agent for Bankers Life. We are getting 10.7 % on our whole Life policies right now and many people are asking if they can dump some of there savings into a Life Policy. I’m aware that if you over fund a Life Policy it becomes a Modified Endowment Contract (MEC). My question is what are the tax concequences of a MEC?
Thank you,
Joey
jbadall9@gmail.com or
joey.badall@bankerslife.com
is there any clips of yrs about tasx tip , that i can see?
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