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Paying tax on PayPal

Join Date: Jun 2004
Location: Louisiana, US
Posts: 24
Reputation: dazzlindonna is an unknown quantity at this point 
Rep Power: 5
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dazzlindonna dazzlindonna is offline Offline
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Re: Paying tax on PayPal

  #2  
Aug 6th, 2004
I'm certainly no tax person, but if you spent the money on web hosting, then it was real money, was it not? You can't spend it if you don't have it, right? Anyway, you can claim the hosting expense as an expense so it all comes out in the wash. I'd ask a tax person if I were you, but I think *legally* you'd need to claim the income, but you could then also claim the expense.
I need to check my ColdFusion Calendar because I think Christmas is coming soon! ;)
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