Comments on: How a Problogger Handles Taxes http://www.davidrisley.com/2009/10/22/blogger-taxes/ Six Figure ProBlogger, Blog Marketing, Make Money Online, Blogging Mon, 15 Mar 2010 15:02:55 -0400 http://wordpress.org/?v=2.8.5 hourly 1 By: troyeckhardt http://www.davidrisley.com/2009/10/22/blogger-taxes/comment-page-1/#comment-12924 troyeckhardt Sat, 30 Jan 2010 05:59:27 +0000 http://www.davidrisley.com/2009/10/22/blogger-taxes/#comment-12924 The 1040 ES estimate is based on a part of last year's taxes, and it can include anything you want it to include (as far as the "self-employment" tax goes.)<br><br>Ask your CPA if you are paying penalties for not remitting estimated taxes - I bet you are. You should be, according to The Code.<br><br>How do I know? I'm an accountant who's trying to escape that mess and make some money blogging! The 1040 ES estimate is based on a part of last year's taxes, and it can include anything you want it to include (as far as the “self-employment” tax goes.)

Ask your CPA if you are paying penalties for not remitting estimated taxes – I bet you are. You should be, according to The Code.

How do I know? I'm an accountant who's trying to escape that mess and make some money blogging!

]]> By: Christian http://www.davidrisley.com/2009/10/22/blogger-taxes/comment-page-1/#comment-11187 Christian Thu, 29 Oct 2009 06:33:22 +0000 http://www.davidrisley.com/2009/10/22/blogger-taxes/#comment-11187 No doubt...use a CPA. Just don't even question it. Also don't question whether or not you should incorporate. Running a separate legal entity for your business is something any accountant is going to recommend, and for good reason. Get references, choose carefully, and keep them accountable, but use a CPA. No doubt…use a CPA. Just don't even question it. Also don't question whether or not you should incorporate. Running a separate legal entity for your business is something any accountant is going to recommend, and for good reason. Get references, choose carefully, and keep them accountable, but use a CPA.

]]> By: kumo http://www.davidrisley.com/2009/10/22/blogger-taxes/comment-page-1/#comment-11131 kumo Fri, 23 Oct 2009 04:02:45 +0000 http://www.davidrisley.com/2009/10/22/blogger-taxes/#comment-11131 I hate filing up taxes. Still we have to do it. Different country have different rules when it comes to filing tax. We just have to study them. I think online income taxing is still very new to 3rd world country. Some of them don't even have to details on how online income tax. I hate filing up taxes. Still we have to do it. Different country have different rules when it comes to filing tax. We just have to study them. I think online income taxing is still very new to 3rd world country. Some of them don't even have to details on how online income tax.

]]> By: Steve http://www.davidrisley.com/2009/10/22/blogger-taxes/comment-page-1/#comment-11129 Steve Thu, 22 Oct 2009 23:53:18 +0000 http://www.davidrisley.com/2009/10/22/blogger-taxes/#comment-11129 I think the office in the home is a big deduction when you have an office setup for blogging and online activities. I think the office in the home is a big deduction when you have an office setup for blogging and online activities.

]]> By: Dave Doolin http://www.davidrisley.com/2009/10/22/blogger-taxes/comment-page-1/#comment-11128 Dave Doolin Thu, 22 Oct 2009 22:54:48 +0000 http://www.davidrisley.com/2009/10/22/blogger-taxes/#comment-11128 If you start paying quarterly estimated taxes, make sure you reserve enough to deal with self-employment tax at year's end, which - to the best of my knowledge - isn't covered in the computations for the 1040 ES form. I found this out the hard way. It was unpleasant. If you start paying quarterly estimated taxes, make sure you reserve enough to deal with self-employment tax at year's end, which – to the best of my knowledge – isn't covered in the computations for the 1040 ES form. I found this out the hard way. It was unpleasant.

]]> By: Antti Kokkonen - Zemalf.com http://www.davidrisley.com/2009/10/22/blogger-taxes/comment-page-1/#comment-11126 Antti Kokkonen - Zemalf.com Thu, 22 Oct 2009 21:18:22 +0000 http://www.davidrisley.com/2009/10/22/blogger-taxes/#comment-11126 I haven't seen too many online "money-makers" talk about taxes, so it was refreshing to see someone keeping it real :) Great post David! I haven't seen too many online “money-makers” talk about taxes, so it was refreshing to see someone keeping it real :) Great post David!

]]> By: ShannonOD http://www.davidrisley.com/2009/10/22/blogger-taxes/comment-page-1/#comment-11123 ShannonOD Thu, 22 Oct 2009 19:46:24 +0000 http://www.davidrisley.com/2009/10/22/blogger-taxes/#comment-11123 The end of the year tax bill nearly kills me with anticipation so just this year I have started paying quarterly to avoid any unpleasant surprises and so that I never over-estimate my travel fund :-) But I agree on the CPA, I leave the headache to them :-) The end of the year tax bill nearly kills me with anticipation so just this year I have started paying quarterly to avoid any unpleasant surprises and so that I never over-estimate my travel fund :-) But I agree on the CPA, I leave the headache to them :-)

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