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Tax Tips from John Chow

Posted by Jason on Friday, February 15th 2008

15
Feb

Seeing as we are in the middle of tax season, I think it’s only appropriate to get you as much info as I can. In this article, John Chow talks about how he runs his blog as a corporation and what tax benefits he gets because of it.

Now that we’re in the middle of tax season, I’m getting emails on how I structured the blog for income tax purposes. In my last post about blogging and income tax, I stated that if you make money online, you must pay taxes on it. While legal deductions can help lower the tax you pay, structuring your blog properly can have an even bigger impact on the tax bill.

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4 Comments Already

Warhammer Online Said,

February 17th, 2008 @12:57 pm

John Chow is a very respected and educated man so his tips should be considered indeed.

Motivator Said,

February 18th, 2008 @11:50 am

I wonder if there is a need for us to pay taxes from google adsense even though we have only earned some money from it and our country is not from US?>

david deangelo Said,

February 18th, 2008 @1:20 pm

Good advice. Its really important to understand how things works so you could be taxed as little as possible

Jason Said,

February 19th, 2008 @1:27 pm

I would assume that in order for you to be a good citizen, you would need to report it. But the question is, do you have to? If you live in a country besides the US, and you get revenue from AdSense, can you just not report it? Is there a way for your countries tax service to know that you received revenue from Google? Does anyone know the answer to this?