Tax Question: deductions for site content props - GoFuckYourself.com

gornyhuy · 11-12-2008, 12:39 PM

Lets say for sake of argument that you build a site thats all about fucking chicks in a particular boat. Every episode is filmed on the boat in different locations.

Obviously the site is a revenue generating asset that you are building, and one of the main expenses for building that site is the purchase of the boat, trailer, truck, fuel, accessories, etc. as well as marina fees, lodging, insurance, maintenance and the like(as well as the cameras, mics, etc).

SO, assuming that every time you take the boat out you shoot a scene, is it legit to expense/deduct all those boat and marina type of expenses against all your company revenue for tax purposes?

gornyhuy · 11-12-2008, 12:52 PM

I should have put (big titty pics!) in the thread title I guess.

CrkMStanz · 11-12-2008, 12:56 PM

Depends on the taxlaws of wherever you file your taxes

Only a tax accountant for your filing country can answer

I believe that the answer for me is yes - but i'm sure i'd face an audit

AlienQ - BANNED FOR LIFE · 11-12-2008, 12:58 PM

You can buy a boat once and use it only once and use it as a tax deduction.

Hollywood does this all the time.
So the answer is yes.

WiredGuy · 11-12-2008, 01:09 PM

You'll have to show that you used the boat extremely frequently for your business (ie: 90% of the time its used). Otherwise an auditor will simply say you could have rented it.

So be prepared to actually do filming and content production on the boat and not trying to buy a boat for your own use and making it look like its a business write off.
WG

The Heron · 11-12-2008, 01:23 PM

Install internets and say you work on it and it's your office! haha

gornyhuy · 11-12-2008, 01:40 PM

Quote:

Originally Posted by WiredGuy

You'll have to show that you used the boat extremely frequently for your business (ie: 90% of the time its used). Otherwise an auditor will simply say you could have rented it.

So be prepared to actually do filming and content production on the boat and not trying to buy a boat for your own use and making it look like its a business write off.
WG

If it weren't a porn site, but was more of a niche content site with appropriate affiliate links, adsense, etc, then you could post a review of the marina, photos of the facilities, details on a map, etc every time you took it out - that would be 100% of the time and should pretty well legitimize the whole operation.

But I could still see this as being a big red flag for auditors to dig in.

Machete_ · 11-12-2008, 01:48 PM

you could, but it would mean you could never EVER use it privately, and you need a income that supports the writeoff

The reason why I know this, is because we researched it for a PilotForum in Florida 3 years ago

beemk · 11-12-2008, 01:54 PM

you would have to prove its only for content and not fishing and water skiing. im sure even if its legit its a red flag. dont take my advice though, talk to an accountant.

gornyhuy · 11-12-2008, 02:32 PM

Quote:

Originally Posted by beemk

you would have to prove its only for content and not fishing and water skiing. im sure even if its legit its a red flag. dont take my advice though, talk to an accountant.

I have the question into my accountant in advance of a meeting early next month, but to be honest I don't think these stuffed shirt types really understand the internet very much.

I think it is 100% legit, but it may be too much trouble to pursue, and may get me audited for no reason.

tony286 · 11-12-2008, 02:34 PM

Quote:

Originally Posted by gornyhuy

I have the question into my accountant in advance of a meeting early next month, but to be honest I don't think these stuffed shirt types really understand the internet very much.

I think it is 100% legit, but it may be too much trouble to pursue, and may get me audited for no reason.

if your cpa doesnt understand what you do.time to get another one.

aniloscash · 11-12-2008, 06:28 PM

in the us you would have to write that off by depreciating it over a number of years. I believe its 10 years thats why on investment property a lot of times owners sell it so they have another property to depreciate over time.

but best financial advise would be to rent the boat for the few hours you need it and lower your costs. spend that money elsewhere so you dont tie up too much of your cashflow.

IllTestYourGirls · 11-12-2008, 06:33 PM

take a picture of your dick every time out.

11-12-2008, 12:39 PM	#1
gornyhuy Chafed. Join Date: May 2002 Location: Face Down in Pussy Posts: 18,041	Tax Question: deductions for site content props Lets say for sake of argument that you build a site thats all about fucking chicks in a particular boat. Every episode is filmed on the boat in different locations. Obviously the site is a revenue generating asset that you are building, and one of the main expenses for building that site is the purchase of the boat, trailer, truck, fuel, accessories, etc. as well as marina fees, lodging, insurance, maintenance and the like(as well as the cameras, mics, etc). SO, assuming that every time you take the boat out you shoot a scene, is it legit to expense/deduct all those boat and marina type of expenses against all your company revenue for tax purposes? __________________ icq:159548293

11-12-2008, 12:52 PM	#2
gornyhuy Chafed. Join Date: May 2002 Location: Face Down in Pussy Posts: 18,041	I should have put (big titty pics!) in the thread title I guess. __________________ icq:159548293

11-12-2008, 12:56 PM	#3
CrkMStanz Confirmed User Join Date: Jan 2008 Posts: 517	Depends on the taxlaws of wherever you file your taxes Only a tax accountant for your filing country can answer I believe that the answer for me is yes - but i'm sure i'd face an audit __________________ believe me - without free porn, just as many people will seek porn out on the Internet, and many more will pay if there is no free alternative, its not like sex is a fad - it can be milked much like any renewable resource - long term i wasn't born with enough middle fingers - Marilyn Manson

11-12-2008, 12:58 PM	#4
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	You can buy a boat once and use it only once and use it as a tax deduction. Hollywood does this all the time. So the answer is yes. __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

11-12-2008, 01:09 PM	#5
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,488	You'll have to show that you used the boat extremely frequently for your business (ie: 90% of the time its used). Otherwise an auditor will simply say you could have rented it. So be prepared to actually do filming and content production on the boat and not trying to buy a boat for your own use and making it look like its a business write off. WG __________________ I play with Google.

11-12-2008, 01:23 PM	#6
The Heron Confirmed User Industry Role: Join Date: Apr 2001 Location: Michigan Posts: 4,488	Install internets and say you work on it and it's your office! haha

11-12-2008, 01:48 PM	#8
Machete_ WINNING! Industry Role: Join Date: Oct 2002 Posts: 14,579	you could, but it would mean you could never EVER use it privately, and you need a income that supports the writeoff The reason why I know this, is because we researched it for a PilotForum in Florida 3 years ago Last edited by Machete_; 11-12-2008 at 01:51 PM..

11-12-2008, 01:54 PM	#9
beemk CLICK HERE Industry Role: Join Date: Jan 2002 Posts: 20,829	you would have to prove its only for content and not fishing and water skiing. im sure even if its legit its a red flag. dont take my advice though, talk to an accountant. __________________ I host with Vacares

11-12-2008, 06:28 PM	#12
aniloscash Confirmed User Join Date: Oct 2008 Posts: 1,161	in the us you would have to write that off by depreciating it over a number of years. I believe its 10 years thats why on investment property a lot of times owners sell it so they have another property to depreciate over time. but best financial advise would be to rent the boat for the few hours you need it and lower your costs. spend that money elsewhere so you dont tie up too much of your cashflow. __________________ Got Milf Traffic Contact Me ICQ 473236446 j (at)anilos (dot)com http://www.aniloscash.com

11-12-2008, 06:33 PM	#13
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	take a picture of your dick every time out. __________________