Filing Taxes for YouTube - How to fill out schedule C for business taxes (for YouTube) REAL Example shown in video. In this video I'll show you step by step how I fill out my taxes for YouTube using a basic excel spreadsheet and tax form schedule C. Your accountant would NEVER give you this type of education for free. How do I know? I do accounting and taxes for a living.The spreadsheet template shown in the video is free to download.
***Important please note this video is produced for educational purposes only, and is not to be taken as tax advice of any kind. Your tax situation will almost always differ to some degree***
Free downloadable spreadsheet:
Time stamps
0:53 Important message if you are not a sole proprietor
1:10 Going over the numbers before filling out Schedule C (Step 1)
4:42 Proof of my YouTube Income
5:40 Filling out form schedule C for YouTube Example starts here (Step 2)
Link to Tracking My YouTube Income For Taxes video can be found here:
Link to video that shows how the spreadsheet works:
Other related videos:
- Making tax estimate payments -
- Tax estimate rules explained:
- Calculating tax estimates :
- Tax withholdings:
Tax Deductions for business owners:
My complete tax video playlist can be found here:
Quick tip for those of you who are wondering your channel can potentially qualify for monetization once you have reached 1,000 subscribers and your channel has accumulated a 4,000 hours of watch time within a year. The money I've made thus far has all been from google ad sense. Once your account accumulates $100 or more in a month they will pay it out on the 21st of each month.
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