Tax question

by 9 replies
11
If I make 30k in 1 year from different sources like this :

12k from affiliate earnings from clickbank where they pay straight to bank account

6k from selling my own ebooks (for example wso) where money is gone straight to paypal from individule transactions..

22k from a hostgators affiliate program


Do I just submit 30,000 as income to be taxed on.. or do I have to somehow submit showing 3 different sources.. and how would it work for paypal because surely I would have 100's if not 1000's off different transctions from people to get 6k from selling wso so how would I submit that
#off topic forum
  • Submit your total income.

    You only need the specifics for your own personal records to be able to prove claims of your total income if you are summoned to do so.
    • [ 2 ] Thanks
    • [1] reply
    • thanks for reply..

      so I just submit 30k every year untill they ask me for proof..

      so Would I have to print out all of my transitions from paypal to keep even if that means like 100's of different pages from people buying wsos?
      • [1] reply
  • I'm glad somebody asked this question. It's one of the first things that came to my mind. Thanks.
  • I live in uk.

    so if I sold 300 wso's in one month I would then have to print off like 30 pages of paypal transistions fees right and keep in folder or something
    • [1] reply
    • There's 20 transactions per "History" search results so you'd be printing only one and a half pages for 30 transactions.

      Keep two folders. One for income and one for expenses or just separate them in the same folder using the plastic wallets.
Join the discussion

Next Topics on Trending Feed

  • 11

    Tax question

    If I make 30k in 1 year from different sources like this : 12k from affiliate earnings from clickbank where they pay straight to bank account