YouTube Question Youtube .......and taxes

[dean the rat]

So i was doing a little research and i found that the money eaters (irs) have you pay taxes on youtube as well.... how much is that for starting channel who just passes 1000, im curious as i have not known this and want more info on it and if the taxes are a arm and a leg and if you left yt do you still pay....i know i am only 109 subs but for future knowledge (US) as well if that helps....thanks

 

[IanDominicTV]

Apparently in the Philippines, we don't pay taxes for AdSense revenues subject to allowable deductions.

 

[kalaspuffar]

Hi @dean the rat

I don't know how US works but in Sweden we just call the tax authority and they give you the answer, and they are really friendly. I guess they want the money.

I had a business and created some Android apps and also started a youtube channel. So I called them up and asked if I needed to pay taxes for my hobby.
They asked me if I earned more than 50k per year. And when the answer was no then they said that was just fine.

So I guess I won't have to worry about my youtube channel for years to come

Asking in a forum even if someone might know some of the answer I think the right way for you is to seek out the answer from a lawyer that knows, tax laws can be soooo confusing so it always depends.

Hope this helps

Best regards
Daniel

 

[Moto Mengy]

I'm pretty sure I have a few years before I even need to worry about this!

It's an interesting question though. I'm in the US, and I assume Youtube sends some form of tax info yearly during tax time if they've sent you any checks for that tax year?

 

[TubeBuddy]

So i was doing a little research and i found that the money eaters (irs) have you pay taxes on youtube as well.... how much is that for starting channel who just passes 1000, im curious as i have not known this and want more info on it and if the taxes are a arm and a leg and if you left yt do you still pay....i know i am only 109 subs but for future knowledge (US) as well if that helps....thanks

View: https://www.youtube.com/watch?v=BwBmHRCln5s


Great video from Roberto Blake on this subject! It does matter, he also has many others on how it all works