I have a full time job and i run websites one the side when ever i find time. Do i have to register myself as a business. I spend a lot of money on advertising my websites. most of the advertising is done i India. So can i get money after i file for the tax ?
I would start a company if I were you. If not you are currently running a sole proprietor essentially meaning everything you spend can be taken off your income everythiung you make added to it. Register in deleware for like 100$ get a bank account, seperate paypal and start fresh. Way easier, way less liablility. Do that if you spend alot and it's like a 2nd job than a hobby.
Delaware is one of those states that have laws that favor businesses and privacy... Same with Nevada and Wyoming. There are more specifics than this, you would do well to consult a professional. -SS