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---- Adsense year-end reporting to IRS


Web_Footed_Newbie - 3:17 am on Oct 16, 2003 (gmt 0)


Welcome to WebmasterWorld, my2cents!

I'm assuming your in the USA, right?

If Adsense is your only income, better go back to January 1st and get every receipt of expense you can get your hands on.

The IRS, with it's Section 179 deduction - allows up to $25,000 of immediate right off for tangible assets purchased in the year - desks, chairs, computers, hard drives, printers, etc. used in your business.

Unfortunately, being self-employed means you will owe self-employment taxes - about 15.3% of net profits. If you did not pay as you go quarterly (like you are supposed to), you will absolutely have to pay no later than January 15, or get socked with a penalty - so file early! Of course, all this depends on your income - you've got some reading to do on the irs website.
Hope that helps, WFN


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