Occasionally, I write about tax topics for other sites. Below is a preview of an article I wrote for Altitude Summit‘s blog.
Hosting a giveaway on your blog is a popular way to gain followers and build relationships with sponsors. However, there are tax consequences. There are always tax consequences!
- Do you know when to file a Form 1099-MISC?
- Is your giveaway structured legally, or have you accidentally created a lottery?
- Were you compensated for hosting the giveaway? What are the requirements then?
Read the full article here to find out.