how would you include many cheap ebooks in your tax return report?

Discussion in 'General Marketing' started by Not Registered, Jan 24, 2007.

  1. #1
    I purchase so many ebooks on ebay and paid about $1 for each,thru paypal.
    How should I add it to may tax return report?
    I ask you, as marketers, what are YOU doing when you have so many small purchases. Do you list every purchase on the report? or you may save your time, and don't ask for returns for 1 USD purchases.
    Thanks :)
     
    Not Registered, Jan 24, 2007 IP
  2. The Stealthy One

    The Stealthy One Well-Known Member Affiliate Manager

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    #2
    You would cover this like you do any other expense. :) For instance, how do you handle your magazine subscriptions? This would be handled exactly the same.
     
    The Stealthy One, Jan 25, 2007 IP
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  3. Not Registered

    Not Registered Well-Known Member

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    #3
    Thanks a lot :)
     
    Not Registered, Jan 25, 2007 IP
  4. adrian88

    adrian88 Peon

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    #4
    yeah it works as long as you have records to prove in event of audit
     
    adrian88, Jan 25, 2007 IP
  5. Rhonda

    Rhonda Peon

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    #5
    I list every penny I spend on business expenses. What I do is just put a section like: ebooks $total amount here. Scripts $total amount here Keep a printout of receipts and maybe make a spreadsheet showing each ebook purchased and price paid. This is so if they audit you, then you will have the proof. I however never send in an itemized list for things and I'm in the U.S.
     
    Rhonda, Jan 25, 2007 IP