What do you need to know about the tax implications of working with affiliates? At first, the idea of bringing on hundreds or even thousands of people that you have to pay and file paperwork on can be intimidating. But, it’s actually a lot simpler than it appears.
STUFF MY ATTORNEY MADE ME WRITE: The information presented is not legal advice, is not to be acted on as such, may not be current and is subject to change without notice. It is also 100% based on my own knowledge, which is United States-based.
What do you need to know about taxes before you begin to work with affiliates?
Carl Hampton, Jr. wrote me the following:
My worries have to do with tax reporting and recording. I have absolutely no clue how to handle the collection and filing of affiliate’s for tax purposes whether they be affiliate’s for my programs, or affiliate’s for a company I’ve contracted with.
This video addresses Carl’s concerns and shares the simplicity of working with affiliates.
Have you let financial concerns hold you back from working with affiliates?