Webcam Modeling and Taxes

August 3, 2012, posted by admin | Leave a comment

Lots of webcam performers have been inquiring about their income on Chaturbate and taxes. First off, yes, you have to pay taxes. By working on the site you are a independent contractor (1099).  We suggest getting help from an accountant to file your taxes to make sure its done right or use a site like TurboTax.

At the end of the year Chaturbate will send you a statement of earnings for that year. There many things you can write off; Electricity, Internet Connection, Webcam Equipment, Computer Equipment and much more. For a complete list seek the help of an accountant. The deadline to file in the United States is April 15.

 

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