Ask Wade- What is tax status of affiliates?

Hi Wade

I would like to know if an Affiliate Marketer is Self-employed or an Independent Contractor?

I ask this question for tax purposes. Some Affiliate sites say self-employed and others say Independent Contractors.  The IRS makes a distinction! I am confused, what do you say is correct?

Thank You Sincerely,

Evette

Evette,

Thank you for your question.  Most of the affiliate agreements that I have seen have referred to affiliates as independant contractors who receive an IRS form 1099 (statement of earnings) for any commissions earned over $600 per year.

I’m not a tax specialist by any means, but this is what I have seen most commonly and what I have used in the programs I run.

Your best bet is always to consult an accountant/tax prep specialist.

God Bless,

Wade

 
close Reblog this comment
blog comments powered by Disqus