Do I need to form a LLC or S Corporation right away if I’m just starting out?

Not necessarily. If you are in the early stages and haven’t generated consistent income, operating as a sole proprietor is acceptable. However, once your income reaches aroun $30,000 to $50,000 annually, it may be time to consider forming an LLC for liability protection or electing S corporation status for potential tax savings. Or you can do both-create a LLC and request from the IRS that it be taxed as an S corporation. This course walks you through the decision-making process in detail.

What expenses can I deduct as a content creator?

You may be eligible to deduct a wide range of business expenses, such as professional recording equipment (e.g. cameras, microphones), editing software, internet service, web hosting, advertising/marketing tools, and a portion of your cell phone monthly charges (if you use your phone for business calls). The IRS allows deductions for “ordinary and necessary” business expenses. This course provides examples and guidance on proper documentation.

What happens if I don’t report income from YouTube, TikTok, or brand partnerships?

Most platforms and brands are required to report payments to the IRS through Form 1099. Even if you do not receive a 1099, you are still legally required to report all income earned. Failing to do so may result in penalties, interest, or audits. This course explains what to report and how to remain compliant.

I didn’t earn much this year-do I still need to file taxes?

If you earned $400 or more in self-employment income in a calendar year, you are required to file a tax return and may owe self-employment tax. Even if your total income was relatively low, the IRS still expects reporting above that threshold. The course outlines your filing obligations clearly.

Do I need a separate bank account for my content income?

While not required for sole proprietors, opening a separate business bank account is highly recommended. It simplifies record-keeping, makes tax preparation easier, and helps maintain a clear distinction between personal and business finances. For LLCs and S corporations, separate banking is essential for legal and compliance reasons.

Will this course benefit me if I already have an accountant?

Yes. This course is designed to help you understand the financial and tax implications of your content creator business so that you can make informed decisions and communicate more effectively with your accountant or tax advisor. It enhances, rather than replaces, professional support.

I live outside the United States. Will this course still apply to me?

This course is built around U.S. tax law and business practices. If you are a U.S. citizen or resident earning content income, the course will apply to you. For international creators, some financial tracking and business planning sections may be helpful, but the tax-related content may not be relevant to your tax home country’s regulations. Tax home, per the U.S. IRS, is the city or general area where someone’s main place of business or work is located.

How long will I have access to the course?

Enrollment includes lifetime access to all course materials, including updates. As tax laws evolve or platform policies change, we will update the content to reflect current best practices.

Does the course cover selling merchandise or digital products?

Yes, we include basic guidance on how to handle revenue from selling merchandise, courses, and digital products. We also introduce the concept of sales tax and how it may apply to digital goods. Because requirements vary by state, we encourage students to book a one-on-one consultation for their specific situation.

What support is available if I have questions after completing the course?

If you need additional guidance after completing the course, you’ll have options such as follow-up Q&A sessions (if included in your package) or the opportunity to book a one-on-one consultation with our course instructor.