Spliting our profits 50/50. Can I only record what I made on my taxes?

We split google adsense ads 50/50. The google ads are held on my tax info, is their anyway that at the end of the year when taxes are due, that I can send in what I made off of the ads (My 50%) Then the other webmaster records his half (His 50%)? That way I will only get taxed on what I made instead of what we both made together

I dont know... that seems kind of messy as Google will report it under your SSN.

You may want to create an LLC.

Someone mentioned on another forum, that at the end of the year, I can go ahead and only record 50%. But have the other webmaster bill me for his half. So it shows as a bill to me and revenue for him as long as he claims it on his end. So if I ever got audited, they can trace where the other half went to. Is this possible?

Couldn't you just claim it all or whatever and have the other guy pay you or however it needs to be done

The easiest way IMO...

Get the adsense sharing hack (http://www.vbulletin.org/forum/showthread.php?t=80685&highlight=adsense+sharing), and each of you have your own account. Then no tax issues whatsoever.

The hack basically displays each set of ads 50% of the time randomly.