Adult chat is a growing industry, and if you want to join this community, you need to know some basic stuff in order to have a piece of mind.
When it comes to paying taxes, it all differs from country to country and website where you work. By working on the site you are a independent contractor, and yes you have to pay taxes, we suggest that you get help from an accountant for that.
The good thing is that you can write off many things when paying taxes, like electricity, Internet access, Equipment and so on. In addition to paying regular income tax you also have to pay an additional 15.3% self employment tax for Social Security.
Save about 30% of your earnings so you can cover the tax bill year end.
Because You are considered self-employed, not an “employee.”
All sites will report all earnings to the IRS, you will receive a annual 1099-MISC earnings report if you earned more than $600 for the tax year. It will show that you are a contractor with that particular cam company.
That’s why I created this list of sites and Tax regulations that you need to know.
Camming Industry and Paying Taxes
- Chaturbate – You need to Pay Your Own Taxes (click here for more)
- Internet Modeling – You need to Pay Your Own Taxes (click here for more)
- I-camz – Taxes will not be taken out of your check. You are considered an independent contractor. (click here for more)
- Bonga – You need to pay your own taxes
- ManyVids – You Pay Your Own Taxes because You’re Independent Worker (click here for more)
There you go, the end point is, you are working as an independent worker for most of the adult chat sites, they protect themselves, so It means that you need to pay taxes on the money you earn. Let me know in the comments if you need any more info, and good luck with your activities.
Hi, my name is Amy, I’m a webcam model and a blogger. Running Omodeling since 2013, happy to say that thousands of cam girls and guys found this blog their home in the last 6+ years. I’m here to help you skip the learning curve and earn more.
If you’re interested to learn more about this whole industry please send me an email or contact me here. Thanks