With tax crunch time from now until April, I decided it would be relevant to feature 30 days of tax tips. If you have any International tax advice, I’ll gladly post your advice, too.
Let’s get right to the first tip, shall we?
The IRS reports that this is one of the most often overlooked deductions.
When you run your affiliate business as a sole proprietor, you’ll generally need to fill out Form 1040 Schedule C and Schedule SE.
On Schedule SE, many people overlook the instructions to deduct 50% of your SE tax on line 27 of the 2005 version of Form 1040. It’s the easiest way I know of to save a bundle come tax time.
