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Thread: Cam Girl Taxes For Dummies?

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    Dizzy Cam Girl Taxes For Dummies?

    I have searched and read the thread and now I am MORE confused! I hate taxes! Any simple tips, advice, or thoughts. I need a Cam Girl Taxes FOr Dummies. Thank you

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    Default Re: Cam Girl Taxes For Dummies?

    a good starting place is the sticky thread 'So Many Tax Forms' at the top of this forum, as well as the sticky thread 'Is Camming Still Worth It' at the top of the Camming forum.

    The key point to realize is that camgirls are self-employed small business operators, not employees of another business. So, unlike employees whose employers withhold estimated tax payments from every paycheck and send that estimated tax money to the IRS without the employee having to do anything, self-employed small business operators must withhold and send in their own estimated tax money to the IRS. And this must be done every three months. And, unlike employees whose employers pay a portion of every employees' social security / medicare tax, self-employed small business operators must pay both the 'employer' and 'employee' portion of this tax.

    As for a simple 'tip', the best things I can think of with the April 17th tax filing deadline now fast approaching are to

    A. buy a copy of TurboTax for Home and Business, and answer the questions as the program asks them, or

    B. find a local accountant with small business tax experience to prepare your taxes
    Last edited by Melonie; 03-23-2012 at 02:24 AM.

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