(Please note: If you are unsure about anything, you should enlist help of a CPA, regarding tax matters).

Your estimated taxes are due on following dates throughout year:

April 15 June 15 September 15 January 15

To obtain more specific information you can read IRS Publication 505: Estimated Tax payments.

Note: You are not required to make estimated tax payments until you have income not subject to withholding on which you will owe tax. If you don't make your first payment until a later period, you must divide your entire estimated tax by number of payment dates remaining. If, for example, you have three payment dates pending, you would pay one third of total tax by June 15, other third by September 15 and last by January 15.

Typical Expenses To Deduct

Here is a list of some of expenses you can deduct.

1. Your home mortgage -- If you use a room solely for conducting business then you can take this deduction. There are a couple of different formulas to determine percentage of your home that is used for your business.

You can use "number of rooms" method or "area method". I would suggest using "area method" because I can't imagine having a home where all rooms are same size.

With area method, you would take area of your home office divided by area of your home. Example:

Your Office= 10' X 10' = 100 square feet YOur home is 1000 square feet Your deduction = 100/1000 or 10%

2. Indirect Expenses -- with indirect expenses you will only be able to deduct area percentage (Note: use area percentage calculated above) of total cost. These indirect expenses would include such things as:

House payment Utilites Telephone Garbage collection Internet connection (If other people are using Intenet)

3. Direct Expenses -- these are expenses that relate only to your business.

Supplies Advertising Business account bank charges

Keeping Track of Expenses

To keep track of all your expenses. and you are comfortable working with a spreadsheet software, I would suggest purchasing a small business accounting package such as QuickBooks or Peachtree Accounting.

To conclude, this definitely is not an exhaustive list of what you need to know. However, this will give you a beginning as to what you will have to be aware of when starting a home-based business. As your business grows, your CPA will be able to assist you and keep you on straight and narrow to your success on Internet.

If you are serious about making money online this is what you MUST do. The people making BIG money ALWAYS have their own domains. They advertise their associate programs on THEIR own website, in THEIR own words. They promote THEIR website. All traffic comes to THEIR website. They make their own personal recommendation about programs they are offering. These are folks who are making good money. Some more than others, but each of them will be marketing from their own domain. You can still link to self replicating site you were given originally from your site to make sales. But having your own website is almost 100% guaranteed to get you more traffic than a self replicating website. Most of major search engines will not even list a domain with characters such as '?' in URL. You are just out of luck. With your own website and domain, you can control your own meta tags, you can control everything. Search engines give far more weight to sites having their own domain. Freebie websites often won't get listed either. Most search engines limit amount of pages from any given domain that they will list. So what are you waiting for? This is one thing you can do yourself. It's totally in your control.