Tiktok Tax Survival Guide
TikTok does not deduct taxes for you, and Creators cannot write off gifts sent to other Creators, even if you have an LLC. You’ll learn what counts as taxable income (brand deals, affiliate links, gifted items at fair-market value, live gifts/coins, merch) and how to track it. The guide explains deductible vs. non-deductible expenses, smart bookkeeping, and quarterly estimated taxes (with due dates), plus self-employment tax and how Schedule C, Schedule SE, and common forms work.
It compares entity options (sole prop, LLC, S-Corp basics), covers paying contractors (and sending 1099s), and outlines audit-proof recordkeeping. You’ll get practical sections on equipment and phone write-offs, travel and meals rules, home-office basics, and retirement and health-insurance deductions for Creators. Clear checklists, examples, and definitions make everything easy to follow, and throughout, it reiterates: TikTok doesn’t withhold your taxes and gifts to other Creators are not deductible. The book closes with tools and templates, plus Creator’s Notes pages for planning and tracking.
The guide keeps everything clear, example-driven, and practical, so a Creator can set up clean books, claim the right deductions, pay the right taxes on time, and avoid the myth traps that get Creators in trouble.