Just a quick question that I wanted to ask my readers today – do you report your blog income? Basically, here is what got me thinking.
Yesterday, I got another check from CashCrate for participating in surveys and for referring new members. My pondering began because I thought about how when I signed up for the program, they asked for my Social Security Number for their records and their own reporting.
So, to any affiliate program users and money makers out there, I want to know if you report your blog income. I can understand if you are making more than a couple hundred dollars a month and how it may look a fishy if you do not have a business entity set up to report it as income to. But for the average blogger who may make say $30-$100 a month off of affiliate programs such as Commission Junction and CashCrate, do you report that income with your income tax?
I figured this would be a good time to pose the question since the deadline for taxes just passed…which was also my birthday!
Happy Birthday Chris!
While I don’t make money off my blog, I have made small amounts of money through other business activities. I report it all. One day you may get audited and you want to make sure you have always crossed your T’s and dotted your I’s.
Trust me – always document it and report it.