What is the name of your state (only U.S. law)? California
My question is regarding deductability of rebates I intend to give on products that I am an affiliate for. Are these rebates tax deductible for me (e.g. accountable as promotion expenses or similar) if I am not the seller of the product but simply an affiliate? What are the requirements (e.g. do I need to make up a 1099 for each rebate)?