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Thread: Advertising on your site and legal questions

  1. #1

    Advertising on your site and legal questions

    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.

  2. #2
    Administrator Chris's Avatar
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    Require a signed insertion or purchase order from the ad buyer, that can be saved for your tax purposes.
    Chris Beasley - My Guide to Building a Successful Website[size=1]
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  3. #3
    Quote Originally Posted by Chris View Post
    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?)

  4. #4
    Site Contributor KLB's Avatar
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    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.
    Ken Barbalace - EnvironmentalChemistry.com (Environmental Careers, Blog)
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  5. #5
    Administrator Chris's Avatar
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    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.
    Chris Beasley - My Guide to Building a Successful Website[size=1]
    Content Sites: ABCDFGHIJKLMNOP|Forums: ABCD EF|Ecommerce: Swords Knives

  6. #6
    Thanks guys, I appreciate the input.

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