Sedo invoice - for full amount or received amount?

[exxe]

I have a buyer bugging me to send him an invoice for the full amount (the amount he paid).

When I issue invoices, I do not include the SEDO commission. Or should I?

 

[randomo]

I can understand why the buyer wants that amount shown.

If your buyer is aware of the Sedo commission, maybe you can make the invoice say something like this:

***********************************************************************
INVOICE

For sale of WhateverWhatever.com

$xxxx for domain (payable to MyCompany) + $xxx for third-party transaction fee (forwarded to Sedo.com) = $xxxx total paid.
***********************************************************************

 

[TheLegendaryJP]

Sounds like if he insists on full amount he's double dippin on commish, advice above is good.

 

[Gerry]

Send invoice for full amount BUT include the breakdown in the total.

When it goes through Sedo, I add the statement into the invoice:


Buyer to pay Sedo XXX for purchase of domain name SSS.com.
Sedo Commission for brokering sale of SSS.com will be XXX.
Final Amount Due to seller (Business Name) from Sedo for brokeing sale of SSS.com is XXX

 

[exxe]

Thank you for your replies.

I'll change the invoice and include the commission details as suggested.

 

[Gerry]

You can make it as short and sweet as you want, or complicated.

If someone is going to want an invoice, this is how I do it.

Why? Because of US tax laws.

When I get a Misc. 1099 form showing the taxable amount, there is always some applicable deductions -

Cost of Domain Name
Cost of Hosting
Cost of Advertising
Commission
Capital Gains (or Losses)

Having the invoice that clearly shows who gets what, who pays who, and what I ultimately end up with is crucial to illustrate.

You have to realize that the buyer most likely will be filing taxes on his end showing this purchase as an advertising cost, a deduction on his end.

Any inquiry (or audit) into their expenditures will surely show them paying for the domain and the sale can be traced back to you.

 

[Theo]

The invoice should break down who received what. Since Sedo keeps 10% but they offer the buyer the option to get an invoice from you, your virtual ass is covered if you itemize it.

 

[Gerry]

The invoice should break down who received what. Since Sedo keeps 10% but they offer the buyer the option to get an invoice from you, your virtual ass is covered if you itemize it.

Ditto!

And you never know who is going to turn a 1099 into the IRS on you.

 

[Biggie]

I have a buyer bugging me to send him an invoice for the full amount (the amount he paid).

When I issue invoices, I do not include the SEDO commission. Or should I?

whenever a buyer at sedo asks for an invoice

i always tell them to use the payment invoice that they received from sedo, when they first sent payment.

if that isn't sufficient, then i offer to cancel the deal.

but none of them wanted to cancel and none asked again




imo...

 

[Gerry]

Prior to this year, I have never had a request for invoice on Sedo.

Now, private sales are always handled with invoice.


But this year, I have had 14 sales on Sedo and I would say that at least 50% (7) have had requests for invoice.

The last three in a row have had such a request. Makes me wonder if some agents request the invoice just as a matter of practice.