Personal Development for Smart People^TM Forums

Alex Zito · 03-21-2007, 07:44 PM

Hello,

I'm new to the blogging financial side and have a question about taxable income from someone's blog.
If I run a blog as an individual (no any LLC) and I have an income from ads (Google, Text Links, etc.) and from donations, how should I declare it? As an ordinary income? Or, is it better to open an LLC and make the payments through it?

Thank you!

Alex Zito · 03-21-2007, 10:07 PM

It seems like I gave an idea for the John Chow blog post today. LoL

Now I know who is reading this forum... Hi, John

MartialDev · 03-24-2007, 08:10 PM

IIRC, you can report 'hobby' income separately from business income. And LLC is not the only business structure.

RT Wolf · 03-24-2007, 08:29 PM

I'm guessing you're not in Canada, but if you were, then its just reported on your individual tax return as sole proprietership income.

investorblogger · 03-25-2007, 05:18 AM

I guess it goes without saying, but for 'international' bloggers, you would need to check with your own tax authority.

The rules vary widely across the world regarding how such income is treated, or even if it should be included or not. For example, many US citizens living abroad generally have to file ALL global income, Brits living abroad generally do NOT. Generally.

This is an example of how rules may vary. Do check with your own tax authority as well as the tax authority in the place where you live.

just jr · 05-27-2011, 08:09 PM

you will have to file a schedule C along with your 1040, LLC's and corporations file there own taxes

03-21-2007, 07:44 PM	#1 (permalink)
Alex Zito Junior Member Join Date: Mar 2007 Posts: 26	The Tax side of your blog Hello, I'm new to the blogging financial side and have a question about taxable income from someone's blog. If I run a blog as an individual (no any LLC) and I have an income from ads (Google, Text Links, etc.) and from donations, how should I declare it? As an ordinary income? Or, is it better to open an LLC and make the payments through it? Thank you!

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03-21-2007, 10:07 PM	#2 (permalink)
Alex Zito Junior Member Join Date: Mar 2007 Posts: 26	It seems like I gave an idea for the John Chow blog post today. LoL Now I know who is reading this forum... Hi, John

03-24-2007, 08:10 PM	#3 (permalink)
MartialDev Senior Member Join Date: Nov 2006 Posts: 375	IIRC, you can report 'hobby' income separately from business income. And LLC is not the only business structure.

03-24-2007, 08:29 PM	#4 (permalink)
RT Wolf Family Member Join Date: Nov 2006 Location: Toronto, Canuckland Posts: 1,737	I'm guessing you're not in Canada, but if you were, then its just reported on your individual tax return as sole proprietership income.

03-25-2007, 05:18 AM	#5 (permalink)
investorblogger Member Join Date: Nov 2006 Location: Living in Taiwan Posts: 63	I guess it goes without saying, but for 'international' bloggers, you would need to check with your own tax authority. The rules vary widely across the world regarding how such income is treated, or even if it should be included or not. For example, many US citizens living abroad generally have to file ALL global income, Brits living abroad generally do NOT. Generally. This is an example of how rules may vary. Do check with your own tax authority as well as the tax authority in the place where you live.

05-27-2011, 08:09 PM	#6 (permalink)
just jr Member Join Date: May 2011 Posts: 35	you will have to file a schedule C along with your 1040, LLC's and corporations file there own taxes

Personal Development for Smart PeopleTM Forums

Personal Development for Smart People^TM Forums