Do I just add my commissions up and put them on my tax form?

My husband was asking if I just add up commissions from my mlm's and pay tax on the commission totals?
I am pretty sure that is what I do..now do I wait for a commission report from 2008 from each of them or just add them up myself?
Thanks!!!

Sandy

Tags: taxes

▶ Reply to This

Replies to This Discussion

Permalink Reply by Gopal-theVFusionGroup on January 24, 2009 at 12:39am

Once you have deducted all your eligible business expenses, simply add up all of your business income (commissions) and add it to any other income you will be reporting. That combined total will be the income that the tax bureau will levy their extortion on...hehe...Best in '09

Gopal (The Musical Mad Scientist and Entrepreneur)
http://www.boom.thevfusiongroup.biz

▶ Reply

▶ Reply to Discussion

RSS

Welcome to The Home Based Business Network!

Join Now - It's Free!
or Sign In

Or sign in with:

Network Badge

Loading…

Get Badge

Badges | Report an Issue | Terms of Service

The content, including without limitation any viewpoint or opinion, contained in any article or video posted on this website is for informational purposes only and does not necessarily reflect the opinion or viewpoint of homebasedbusiness.com. Any third party contributor to any such article or video has been compensated by homebasedbusiness.com for such contribution. It is advised that you conduct your own investigation as to the accuracy of any information contained herein.