income tax returns from being a webcam girl
Question:
Do we report our earnings from being a webcam girl/performer on our income tax returns? Are tax forms sent out for webcam girls?
Answer:
Well the first thing you need to remember is that being a webcam model, that you are self-employed this is your own business. Some webcam models might be broadcasting on a site but to those sites that you are broadcasting on you are independent and you work from a remote private location being your home or from a studio and your not employed by them and in some cases your not even considered an indepdent contractor but more of a business person.
Managing your money is an essential part of being a webcam model. So it would be a good idea to get a handle on having a bank account, budgeting and saving money and resources for financial assistance. It would be a good idea to contact someone who specialized in filing taxes for small businesses, indepdent contractors or if possible someone who files taxes for actors/entertainers. That way they will be able to help you plan finances and help you along with any business advice. I recomend shopping around until you find the best one who you think who can help you with your finances.
Filing taxes and getting your finances in order can be some what a bit dificult to do, but it’s something you will have to get into a routine of doing. Take it in baby steps for some filing taxes can be an overwelming process. Some cities offer workshops for people who are self-employed about taxes and business planning.
Helpful resources about filing taxes
Softron Tax
H & R Block Canada
Why file taxes www.hrblock.ca/resources/why_file.asp
Loose Change
Canada Revenue Agency
Internal Revenue Service - United States Department of Treasury
April 26th, 2013 at 6:14 pm
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