Understanding Tax Obligations with ClickBank

Does ClickBank report to the IRS? Yes, ClickBank does report to the IRS if you cross certain income and transaction thresholds. It’s crucial to understand your tax obligations and report income accurately.

Tax Reporting Requirements

US affiliates making over $600 must provide a taxpayer ID. ClickBank issues and reports to the IRS as required by law. You don’t need a tax ID for affiliate marketing, but ClickBank requires one to report your income to the IRS if over a certain amount.

Affiliate Income and Tax IDs

If earning online appeals to you, affiliate marketing is a great option. Just understand how sites like ClickBank handle taxes and reporting.

Can you get paid on ClickBank without a tax ID? No. It is required by the US government. If ClickBank paid you over $600 and didn’t file it with the IRS, they would have to pay taxes on it as profit.

Is a tax ID required for ClickBank? Yes. It is required by the US government so ClickBank can report your income to the IRS. To file with the IRS for a US citizen, you need a tax ID number – either an SSN or an EIN.

How do you find your tax ID? Find a previously filed tax return that has your existing EIN. You can also ask the IRS to search for your EIN by calling their Business & Specialty Tax Line.

Payment and Withdrawal

Does ClickBank pay through PayPal? No. Affiliates get paid by check, direct deposit, or wire transfer.

How often do you get paid by ClickBank? Affiliates can withdraw earnings every week or every two weeks. Payments can take time to reach your bank.

Earning Potential with ClickBank

Can you make money on ClickBank? Yes, as a vendor selling products or an affiliate marketer. ClickBank has 200 million customers globally.