Hey do you mind if I get too personal?😳

[calitart]

Hello lovely people! So, I was wondering, if you make money off of ads or support from your viewer, do you need to file taxes if you reach a certain amount? Please help me here, because I work with my mom... I really don't want her to know about my double identity online. I mean, I made a tiny amount off of the ads revenue now and wonder if it is worth the trouble to keep a dollar. Thank you.

[AnnaLandin]

Hey there!

How you need to go about filing taxes, and for what amounts, depends entirely on where you live. I do know that Tapastic requires US residents to sign a particular form, and non-US residents to sign another form (the non-US one is called W-8BEN), if you earn more than 600 USD/year.

As for the ad-revenue - you can only get it paid out to you once you reach a total amount of 25 USD. So if you've only made a dollar so far, you can't get it transferred to you at the moment; you'll have plenty of time to figure out the tax-issues before it's time to put that money in your pocket. : )

[CWCHASE]

I wouldn't worry yet. It's kinda wild, say you win the lotto, you pay almost half in taxes, then on the interest off the rest of the money, they tax you on that. But like Anna said, it's a certain amount you have to claim for that year, anything under that I don't think the IRS cares.

[UzukiCheverie]

Yeah no the IRS couldn't care less about those unclaimed quarters

Also, if you're going into the Ad Revenue program or you're just starting out with it . . . you're not gonna be making the required amount yet for filing it under your income tax to be necessary lol You're gonna be making like, pennies a day, unless you have a higher subscriber count in which yes, you will be pulling a dollar or two in each day. You're not gonna be making hundreds of thousands of dollars though lol so it shouldn't be an issue for you yet x3