Affiliate Marketing Secrets

I made a website and I joined the Best Buy Affiliate Program to sell best buy products on my website. I have to fill in information for the tax form W-9. There are business types to choose from on the form and I’m not sure what type an affiliate site would fit under. The types are Sole Proprietorship/Individual, Corporation, LLC/LCC, Non Profit/Government, and Other. Can anyone tell me what type an affiliate site would fall under?

I am a full time employee. As a hobby I’ve started creating web pages on free platforms (free hosting and free sub-domain); those pages also include affiliate links from Amazon or eBay. Let’s say I will, at some point, make £20 per year. Do I have to declare myself self employed, start filling in self assessment forms and pay tax to Inland Revenue for £20 of additional earnings (on top of my annual salary)?
If not, being a negligible amount, then what is the threshold (if any) above which you have to declare yourself self-employed and start paying taxes? If there is no exact threshold, does this mean that the Inland Revenue is expecting getting taxes from (let’s say) a person that makes online a £1 profit (paid into his bank account) from selling one item on eBay?
Thank you.

Hello, I am from CA and formed an LLC (as a single member) in Wyoming the beginning of the year (2010). I formed it there since it’s just an online affiliate business. Now it was not until late summer of 2010 that I began working on it and having business activities.
Thus far, I have a registered agent in WY, an EIN (listed as a partnership/multi-member), a bank account setup for WY, and currently one owner. After doing more research, the company that formed my LLC suggests I should elect to have my entity classified as a corporation (form 8832). That way, my personal income tax is separated from my LLC tax (stays away from CA) as a corporate in WY. Is this a good choice as I’m not earning much yet? However, I read that the state of CA will find ou (even if you separate yourself from the business) but if you conduct business while living in CA, you’ll pay the $800 FTB. In that case, was it a good idea to form it in WY? I’m afraid of paying both CA/WY FTB and along with SE txes on my 1040 Schedule C.
But what if I elected to have my WY LLC to be taxed as a corporate (form 8832)? The company I formed the LLC with is believes corporate taxation makes it necessary to have a separate tax return for the LLC.
Or, should I just dissolve the WY LLC and change it to an CA LLC as a sole-proprietorship?

Hi I’ve been affiliate marketing online for about about 2 years now. When I first started I was only making around £50-£100 per month to supplement my other job, so I didn’t even think about taxes.
I went full time last month and I’m now earning £1,500+ per month.
I’ll be honest, I don’t have a clue when it comes to taxes. I realise that affiliate marketing revenue is taxable income, I just don’t know how to go about paying it.
What steps should I take now to ensure I don’t get in trouble?
Thank you.

Hi I’ve been affiliate marketing online for about about 2 years now. When I first started I was only making around £50-£100 per month to supplement my other job, so I didn’t even think about taxes.
I went full time last month and I’m now earning £1,500+ per month.
I’ll be honest, I don’t have a clue when it comes to taxes. I realise that affiliate marketing revenue is taxable income, I just don’t know how to go about paying it.
What steps should I take now to ensure I don’t get in trouble?
Thank you.

Hi I’ve been affiliate marketing online for about about 2 years now. When I first started I was only making around £50-£100 per month to supplement my other job, so I didn’t even think about taxes.
I went full time last month and I’m now earning £1,500+ per month.
I’ll be honest, I don’t have a clue when it comes to taxes. I realise that affiliate marketing revenue is taxable income, I just don’t know how to go about paying it.
What steps should I take now to ensure I don’t get in trouble?
Thank you.