This is my first year using a Schedule C for my Internet Marketing Business so I have been learning a lot.  I have been juggling back and forth between my tax software, TurboTax, and Google looking for questions to some specific questions about blogging for profit and income taxes.

I found a few different resources and some information I’d like to share with you:

1)  TaxGirl (Kelly Philips Erb) did a guest blog on Probloggers.net that discusses common tax dedcutions blogger’s often overlook.  She also wrote this post on 7 things bloggers should know about taxes

2)  I bought a lot of domain names this year and was wondering how those assets get treated by the IRS.  I found this article at Monkier.com discussing “Domain Names, Accountants & the IRS”

3) I learned that as 2002 Affiliate company, Regnow, no longers sends out 1099 MISC forms.  I used the reporting tools to determine how much money I earned last year and filed that under general income because I did not receive a 1099 MISC.

4) After looking and not finding one, I determined that this year I am going to develop either a GREAT Excel spreadsheet template or software program that will allow me to keep track of multi-websites, affiliate programs,  and money earned so that this time of year is not such a pain in the backside (stay tuned!).  Kind of combining a typical finance program + accounting program + program management tool all-in-one.

As I get these taxes completed (yes, honey, I’m almost done) and find more resources, I’ll add to this list.  If you know of some good resources I’m missing be sure to share them with me.