Liability & Legality

**Romestar** · 07-29-2006, 10:48 AM

this is my first year doing taxes, and my questoin is - is it ok to use PayPal receipts as actually receipts or do you have to ask the site to give you one for everything you buy/sell (have you used them)? Thanks.

Also, about taxes, do I need to record EVERYTHING I buy? or only business related stuff?

**Hoang** · 07-29-2006, 11:21 AM

I think this thread has something similiar to what you're asking about (what to report):
http://www.earnersforum.com/showthread.php?t=483

**Romestar** · 07-29-2006, 11:25 AM

Quote:

Originally Posted by Hoang

I think this thread has something similiar to what you're asking about (what to report):
http://www.earnersforum.com/showthread.php?t=483

that thread was great, thanks.

**Romestar** · 07-30-2006, 11:56 AM

twice in the last few weeks I was refunded my payment to two different companies. Do I need to record these events as both revenue and expense or can I just ignore it? thanks.

**Tran** · 07-30-2006, 05:07 PM

Report anything that involves upgrading/updating your website.. Whether it be in servers or designs.