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Is Internet Marketing Required by Law to be Registered as Business?

Discussion in 'Blogging' started by reelsam, Oct 29, 2009.

  1. reelsam

    reelsam Newbie

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    Hello all,

    I'd like to know if you're earning somewhere between 100-400usd, 500-1500usd, 2000-xxxxusd, or more, will you have to register what you're doing (internet marketing?) as a home-based business? By your country/state, by law, would you have to let IRS or someone know you're making an estimated amount of money monthly/yearly? Tax, etc?

    For example, if a person was blogging and had lots of visitor, earning decent income from ads. I'm wondering if people (irs, government) will get suspicious if someone didn't report this, and they were making enough to live a decent life. thks!
     
  2. nowimhere

    nowimhere Regular Member

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    Occupation:
    This is my job
    Location:
    Canada
    I know in the states it is, I believe in Florida... and a few other states.

    All other Countries are home free for now...

    But for how long?

    We'll have to see!
     
  3. ifwearner

    ifwearner Regular Member

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    As per laws in a specific state, go for a free consultation with a CPA and see what they say.. thats the 100% effective way to stay safe.

    As far as reporting your income to the IRS, you are supposed to report all of your income on your tax returns. I forget the amounts but if you are going to owe over a certain amount, you need to make estimated quarterly payments.

    Once again, your best bet is to consult with a CPA.. preferably one versed in internet-based businesses but I haven't found one in my area that understands the details of what I do heh.