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Farmed accounts and doing Taxes!

Discussion in 'Adwords' started by ppver, Feb 10, 2016.

  1. ppver

    ppver Newbie

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    Hi,

    This might sound like the ultimate noob question, but I have been wondering how people do this.
    Say you want to farm a new adwords account. Okay, you manage to get a fresh reloadable CC, but that card doesn't have YOUR name on it and the statements generated for it do not have your name on it (I guess this might be deemed a bit shady in some jurisdictions so this is only on the hypothetical level).

    How the heck do you shove the ad-spenditure generated from that card into your company's operating costs to be deducted from your taxes?

    The other problem would be that the invoices from google won't have YOUR or your company's name on them. How can you deal with this?
     
  2. nes22

    nes22 Registered Member

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    The problem is that if you were to be audited the burden of proof is on the taxpayer for all expenses and the burden of proof is on the IRS for all revenue so you can see it's not a good place to be in. You're right that it is shady. The invoices are generated at the end of the month based on billing and can't be modified later so yes that's another problem. I would expect they'd not accept receipts/bills addressed to other people. Bottom line is that you're screwed.