With this knowledge in mind, I write this post.įiling taxes may seem like a daunting tax, getting your tax records in order to properly file, is a simple process.įirst, all of the information you need to make informed decisions are available from the IRS website and more importantly, not forgetting to claim sole-proprietor status on your taxes. With that said, I am pretty savvy when it comes to personal finance and have studied tax law independently for many years. A form is transmitted to both you as an influencer and cc’ed to the IRS.īe prepared to offer the IRS more than fairytales and glitter dust when filing your taxes. If you made at least $600 from your posts, media channels, or videos this past year, you should receive a 1099 form. Whether you are making a little or a lot, you should treat blogging, podcasting, influence work, agency placement, and YouTube creation like a small business that will be taken seriously by the IRS, if not by you. Especially if this is your first fiscal year working as an influencer or if you haven’t been paying taxes on your earned online income or sales tax filing.
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I’m also not an accountant and so you should always consult an accounting professional if you are unsure about your tax filings.
This means: You’ve got to pay the Pieper!īut before I get ahead of myself, let me state this: While I am a former attorney, my specialization was not tax law. As independent contractors, we’re always made an example of during tax season.
The angriest of housewives, the meanest of mistresses, the sorceress of the side-eye, the Internal Revenue Service.Įven for us influencers, bloggers, podcasters, and YouTubers, there’s no exception. Now you may ask, why the horror and fury? In America, our bravado prevents us from legitimately fearing very little. A time when your least favorite sentence is adjusted withholdings. Where the guilt-ridden chore of writing out Santa’s naughty list pails in comparison to the receipt-retiring foolishness of reliving the previous year’s financial misdeeds one spreadsheet at a time.
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The only time of year when reality tv consumption is replaced by the incessant clicking of calculator keys. If you live in the United States, you know that the arrival of winter signifies that not only is winter all but over but that we are all officially knee-deep into tax season.
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