Online Business Help

  Homes arrow Online Business Help arrow Page 4 - Earning on the Internet? Keep It Legal
 Webmaster Tools
Base64 Encoding 
Browser Settings 
CSS Coder 
CSS Navigation Menu 
Datetime Converter 
DHTML Tooltip 
Dig Utility 
DNS Utility 
Dropdown Menu 
Fetch Content 
Fetch Header 
Floating Layer 
htaccess Generator 
HTML Encoder 
HTML Entities 
IP Convert 
Meta Tags 
Password Encryption
Password Strength
Pattern Extractor 
Ping Utility 
Pop-Up Window 
Regex Extractor 
Regex Match 
Scrollbar Color 
Source Viewer 
Syntax Highlighting 
URL Encoding 
Web Safe Colors 
Forums Sitemap 
Weekly Newsletter
Developer Updates  
Free Website Content 
 RSS  Articles
 RSS  Forums
 RSS  All Feeds
Write For Us 
Contact Us 
Site Map 
Privacy Policy 
  >>> SIGN UP!  
  Lost Password? 

Earning on the Internet? Keep It Legal
By: KC Morgan
  • Search For More Articles!
  • Disclaimer
  • Author Terms
  • Rating: 4 stars4 stars4 stars4 stars4 stars / 6

    Table of Contents:
  • Earning on the Internet? Keep It Legal
  • Pay Income Taxes on Internet Earnings
  • The Self Employment Tax
  • Claim Expenses for Online Income

  • Rate this Article: Poor Best 
      Del.ici.ous Digg
      Blink Simpy
      Google Spurl
      Y! MyWeb Furl
    Email Me Similar Content When Posted
    Add Developer Shed Article Feed To Your Site
    Email Article To Friend
    Print Version Of Article
    PDF Version Of Article




    Earning on the Internet? Keep It Legal - Claim Expenses for Online Income

    (Page 4 of 4 )

    Earning on the Internet starts to look unattractive once you pay that first big tax bill. For those who are used to worrying about their income taxes only once a year, paying a large chunk of money in the spring may cause undue financial strain.

    If you find yourself earning quite a bit of money through your online efforts (thousands of dollars), you will likewise find yourself owing a pretty penny to the government via income and self employment taxes. Itís vital that you claim expenses on all of your online income, saving yourself a little tax strain and making it viable to continue to earn with the Internet.

    Paying the self employment tax on top of your income taxes can feel like quite a burden, but there is a way to lessen those tax payments by claiming your expenses. If youíre earning money through your online efforts, then youíre an independent contractor -- and you probably have costs of your own.

    Earning income with the Internet? Any computer equipment or office supplies your purchase in the line of work is tax-deductible. Any miles you might put on your vehicle while going to purchase equipment and office supplies is also tax-deductible, and so is the gas you use to drive yourself to and fro.

    Keep all your receipts to keep track of everything you can claim. This helps reduce the total amount of taxable income you earned during the calendar year, thus reducing the amount of taxes you have to pay.

    Keep Your Income Legal!

    Earning on the Internet is a great way to supplement your income or even create a career. There are lots of ways you can earn and plenty of opportunities to find, but always remember to keep your income legal. Everything you earn is taxable, and everything you earn must be legally claimed with your government. To do otherwise is to break the law -- and that means you could potentially forfeit the right to a lot more than just money.

    If you find that youíre unsure about your finances, the amount you owe or anything else involving the legality of the income youíve earned, consult with a financial professional. Itís always better to be on the safe side, because the alternative is the wrong side altogether.

    DISCLAIMER: The content provided in this article is not warranted or guaranteed by Developer Shed, Inc. The content provided is intended for entertainment and/or educational purposes in order to introduce to the reader key ideas, concepts, and/or product reviews. As such it is incumbent upon the reader to employ real-world tactics for security and implementation of best practices. We are not liable for any negative consequences that may result from implementing any information covered in our articles or tutorials. If this is a hardware review, it is not recommended to open and/or modify your hardware.


    - Social Media: An Analogy
    - Make a Digital Trail for Site Performance
    - Communication is Key Even in SEO
    - Look Past Your Web Analytics Blinders
    - Everything is Marketing
    - How to Be Transparent Online
    - Respecting Customer Privacy in Social Media
    - Testing Your Site For the Holidays
    - Speak Your Customer`s Language
    - Don`t Ignore Social Media
    - Focus on Business Goals, Not the Internet
    - Solve Problems to Make Money Online
    - Offering Coupons Without Alienating Customers
    - Build Relationships to Build Conversions
    - Online Reviews Matter More Than You Think

    Developer Shed Affiliates


    © 2003-2019 by Developer Shed. All rights reserved. DS Cluster - Follow our Sitemap