Just passed the $1000 mark... - Page 3

Blue_Spade · 2004-10-21, 10:22 AM

Quote:

Originally posted by KCat
Welcome! This is a great place to learn. It's refreshing to see honest webmasters rather than all the "I convert 1:20 on TGP traffic & drive a Ferrari" types that frequent other boards. And who, of course, actually live with their mothers.

Okay okay okay - so I convert at 1:40 and drive a porsche . . . shoot me!

Just kiddin and KCat has it right - this is the best place around to figure out what the hell you are going to do to pay the rent check! Read up and people like Alphawolf will make it all worth your while.

Pusher · 2004-10-22, 03:36 PM

Quote:

Originally posted by Linkster
pood - Im not an IRS expert - but I do know that you can have certain types of partnership corporations where your income form the biz is set against your personal income and you can take so many biz deductions that you can come out taking a loss on your biz and not pay anything - all depends on your individual situation

Also - your comment about not being able to make a living off free sites is definitely out there - I know of many people that are making way more than their old corporate jobs just doing free sites - of course theyve been doing it for 8 months now

Alphawolf - definitely take advantage of getting the sponsors to let you into the sites to choose your own content - it will usually be a little better than the "provided content" on the outside and in a lot of cases will get listed a lot better and at more LLs

I'm not an IRS expert either, but I did do some research before incorporating, and you can apply for a 'Type-S' corporation, which,
as Linkster said lets you pass through your income after biz deductions to your personal income tax return. Depending on your situation, you could also divide up the income among other family members...

here's a link to some useful info...
http://www.irs.gov/faqs/faq-kw186.html

BigBling · 2004-10-22, 07:53 PM

This is a GREAT thread! Congrats Alphawolf!

Opti · 2004-10-22, 08:33 PM

Quote:

Originally posted by BigBling
This is a GREAT thread! Congrats Alphawolf!

Is that you Jim?

BigBling · 2004-10-23, 09:54 AM

But of course!

noooze · 2004-10-25, 02:10 AM

congratz on the 1 k $ mark

I just passed the 1 k $ mark myself and is now going for the gold ( 2 k $ a month )

2004-10-25, 02:10 AM	#56
noooze Well you know boys, a nuclear reactor is a lot like women. You just have to read the manual and press the right button Join Date: Aug 2003 Location: aarhus - denmark Posts: 155	congratz on the 1 k $ mark I just passed the 1 k $ mark myself and is now going for the gold ( 2 k $ a month ) __________________ The godess of fortune have never smiled at me - but she has often had a good laugh

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2004-10-22, 07:53 PM	#53
BigBling If something goes wrong at the plant, blame the guy who can't speak English Join Date: Oct 2004 Posts: 39	This is a GREAT thread! Congrats Alphawolf!

2004-10-23, 09:54 AM	#55
BigBling If something goes wrong at the plant, blame the guy who can't speak English Join Date: Oct 2004 Posts: 39	But of course!