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View Full Version : Advertising on your site and legal questions



deronsizemore
03-09-2008, 06:22 PM
I've had a couple inquiries for advertising on one of my sites.

My question is, if I do go forward and start selling advertising spots, what documentation do a I need to save for tax purposes or any other legal purposes? I'm not real experienced in this area.

Chris
03-10-2008, 10:32 AM
Require a signed insertion or purchase order from the ad buyer, that can be saved for your tax purposes.

deronsizemore
03-10-2008, 10:59 AM
Require a signed insertion or purchase order from the ad buyer, that can be saved for your tax purposes.

What about receipts from PayPal (or however funds are received?)

KLB
03-10-2008, 01:57 PM
Personally I just keep the check stubs from checks I get or my Paypal received payment log. I just don't see the IRS arguing that I didn't receive the money. The most they are going to complain about is no receipts for expenses.

Chris
03-10-2008, 02:18 PM
Ya, as Ken pointed out, keeping track of your expenses is far more important than being able to prove you really did earn some money. So in the end, it is whatever you need for your own records.

deronsizemore
03-10-2008, 06:18 PM
Thanks guys, I appreciate the input.