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Tax Tips: 34 Ways of Making Money Online That Must Be Claimed As Income

Keller Hawthorne | April 13, 2010 | 4 Comments

Making Money Online

Tax season is stressful, inconvenient and a pain on our wallets. But, it’s something we cannot avoid. I am not a tax advice professional, but after 5 years of filing taxes for my businesses, I’ve grown accustomed to many rules and procedures us self-employed folk must follow.

Even if you’re not legally self-employed (no business license), you may still need to claim all income you earn from the Internet on your tax forms. That’s right – even if you have a w-2 and you’re employed by someone else.

In this post, I want to remind each of you of income sources you may forget to claim. Remember, the government wants to know about any and all income you earn. Here’s a quick list of ways many of us earn income online:

Affiliate Commissions (Including Commission Junction, etc)
Consulting (SEO)
Data Entry
Data Gathering for Google Maps
Ecommerce Sales from a Store, EBay or Craig’s List
Editing/Proofing
Expert Consulting (JustAnswer.com)
Forum Moderation
Forum Posts
Freelance /Copywriting
Gaming Income (Second Life, World of Warcraft, etc)
Google Adsense
Guest Writing
Membership Site Subscriptions
Paid Reviews
Pay Per Posts
Private Label Rights Content Creation
Resale of Hosting or Other Services
Sale of a Website
Sale of Advertising on Podcasts
Sale of Advertising Space on Websites/ Blogs
Sale of Directory Listings
Sale of Domain Names
Sale of Handmade Products (Etsy.com)
Sale of Information Products
Sale of Stock Photos (iStockPhoto.com)
Self Publishing (Lulu.com)
Services (Web Design)
Software Creation
Sponsored Tweets
Surveys/Get-Paid-To Offers
Translation Services
Virtual Assistance
Website/Domain Flipping

Again, I’m not a tax professional, so be sure to contact someone appropriate if you have questions about what you should and should not claim as income on your taxes. Hopefully, this list will help remind you of some income you earned that you need to claim.