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Taxes/Legality


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#1 Forum Reviews

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Posted 11 January 2011 - 06:20 AM

Have you looked into the legality and tax side of your websites if they are making enough? Paypal said starting this year they are going to report people who earn over 20,000 a year to the IRS here in the U.S.

#2 .Anti.

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Posted 11 January 2011 - 06:23 AM

Yea I have read the same thing. I report all of my earnings on my taxes, so no big deal for me.

#3 ManiaC

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Posted 11 January 2011 - 06:24 AM

Hmmm I haven't made enough to need to worry about it. But when I do I will make sure to hire an accountant to prevent any legal fallback.

#4 Kenneth

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Posted 11 January 2011 - 12:58 PM

I have an accountant doing all that for me, for the last ~10 years or something.
We are being tracked inside out here in Denmark, so have no other options really.

#5 Guest_MisterPhilip_*

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Posted 11 January 2011 - 07:09 PM

Yeah, I report all of my earnings. Sucks, but its the game you gotta play ;)

#6 Kenneth

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Posted 11 January 2011 - 07:40 PM

View PostMisterPhilip, on 11 January 2011 - 07:09 PM, said:

Yeah, I report all of my earnings. Sucks, but its the game you gotta play ;)

Ye, no way to earn money online without reporting the taxes - you WILL get caught at some point :(
(at least when living in US/Europe)

#7 Forum Reviews

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Posted 12 January 2011 - 06:18 AM

Yea I plan to do the same once I make enough to make a difference. I will soon be shopping for accountants.




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