Boys, here’s a warning. Claim everything and get your taxes done professionally.
It seems that I made $2,800 last year from Google AdSense. My expenses where more than that (I pay $100+ a month just for hosting). I nearly paid $500 just for Google Adwords Advertising.
I just got done documenting and copying as much as I could and just need to find some stamps to send this out. Moral of the story though, if I would have kept my receipts and gotten my taxes done professionally I wouldn’t be on IRS’s target list.
Am I saying I don’t deserve their attention? NO. I really do. It also seems that $2,000 is the dollar amount that they look for to chase after. This is just my “Watch Yourself” post.
If the IRS comes back and says Pay Us the full $1,125 then I will do so without hesitation. I can’t afford it, but I also can’t afford to be scrutinized and know the battles that I can win.