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SmitdoggAdministrator
Reged: 09/18/03
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Re: DU Update: No good deed goes unpunished
01/30/13 01:41 AM


If you look at the paypal account as a whole the expenses are not greater than income in 2012 because I don't use it just for DU stuff, I use it for totally unrelated stuff as well. It doesn't make any difference if donations were set as that (going into a business account) as far as paypal is concerned though, any account in my name (SSN) is simply combined and added up whatever was sent there and if the total is over the threshold it gets sent to the IRS as one number under my SSN, from what I can tell from reading their site. From what I've gathered I can't say X part of it was a business and the rest wasn't. It's not registered as a business and I'm not going to register it as a non-profit (would be too late to do it now anyway as far as these taxes are concerned) but if another member wants to go through all that and the yearly tax filing they can and of course the legal risks that might come up. You would still have to do the meticulous accounting work involved which frankly is not hobby work and I'm not willing to do it again.






Entire thread
Subject Posted by Posted on
* DU Update: No good deed goes unpunished SmitdoggAdministrator 01/29/13 11:38 PM
. * Re: DU Update: No good deed goes unpunished Pascal666  02/05/13 07:50 PM
. * Re: DU Update: No good deed goes unpunished SmitdoggAdministrator  02/05/13 07:59 PM
. * Re: DU Update: No good deed goes unpunished TknoMncr  02/06/13 04:38 AM
. * Re: DU Update: No good deed goes unpunished SmitdoggAdministrator  02/06/13 04:44 AM
. * Re: DU Update: No good deed goes unpunished Anonymous  01/30/13 02:03 PM
. * Re: DU Update: No good deed goes unpunished SmitdoggAdministrator  01/30/13 02:50 PM
. * Re: DU Update: No, bizimonki should not go unbanished.. Tingoes  01/30/13 03:32 PM
. * Re: DU Update: No, bizimonki should not go unbanished.. metalhdltherface666  02/12/13 12:33 AM
. * For once, I have to agree. Firehawke  01/30/13 11:30 PM
. * Re: DU Update: No good deed goes unpunished Sacrilego  01/30/13 09:02 AM
. * Re: DU Update: No good deed goes unpunished krick  01/30/13 07:09 AM
. * Re: DU Update: No good deed goes unpunished SmitdoggAdministrator  01/30/13 07:30 AM
. * Re: DU Update: No good deed goes unpunished ranger_lennier  01/30/13 09:11 AM
. * Re: DU Update: No good deed goes unpunished DMala  01/30/13 06:59 PM
. * Re: DU Update: No good deed goes unpunished SmitdoggAdministrator  01/30/13 02:52 PM
. * Re: DU Update: No good deed goes unpunished Jdurgi  01/30/13 10:58 AM
. * Re: DU Update: No good deed goes unpunished SmitdoggAdministrator  01/30/13 02:56 PM
. * Re: DU Update: No good deed goes unpunished Traso  01/31/13 06:58 PM
. * Re: DU Update: No good deed goes unpunished Kitsune Sniper  02/05/13 08:26 PM
. * Re: DU Update: No good deed goes unpunished letoram  01/30/13 04:16 AM
. * Re: DU Update: No good deed goes unpunished SmitdoggAdministrator  01/30/13 04:31 AM
. * Re: DU Update: No good deed goes unpunished vitaflo  01/30/13 01:09 AM
. * Re: DU Update: No good deed goes unpunished HowardC  01/30/13 01:20 AM
. * Re: DU Update: No good deed goes unpunished SmitdoggAdministrator  01/30/13 01:41 AM
. * Re: DU Update: No good deed goes unpunished Nightvoice  01/30/13 12:44 AM

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