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Old 11-22-2009, 12:40 AM  
ErosNightshade
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Join Date: Oct 2009
Posts: 51
I tend to think that if anyone does not report ccbill income to the IRS, they won't say that here... nothing like drawing attention to themselves about it.

In general, if you make $600 or more in a year from any line of business, it must be reported. I would add any adult-related income together from all sources to determine this, if it were me (note that I am not a CPA or anyone qualified to give tax advice).

If you want to hear about my personal experience, I own a small corporation (S-Corp) and I have a CPA handle all of my bookkeeping and accounting, so I will be reporting any CCBill, etc. income as revenue for tax purposes.

This is one of those cases where I would take anything anyone says with a big grain of salt, since taxes are very complicated and you shouldn't believe everything you read on the net. I suggest going to a tax professional so they can review your specific situation to determine if it's reportable income (and your deductible expenses).
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