Its tax time, what can we write off? i heard you can write off hosting bills, but how do you prove it? i never got a bill on a piece of paper
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Contact them and ask for an invoice.
My mother does our personal and business taxes. We get deductions for pretty much everything we buy, to an extent. -
You can write of a ton of stuff. MYou should get ahold of a GOOD accountant and be upfront what you are doing. Possibly set up a S-corp or LLC if you make a decent amount.Comment
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Great question!
The IRS would never accept an invoice or bill sent electronically. E-mail is for frauds! An electronic invoice is for frauds!
If your hosting never tabulates your monthy cost with a hand written note sealed with a "wax" insignia, then I'm afraid that you can't write it off.
Welcome to the 1800's!
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bump for more answers god damnit!!Comment
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Write off Content.... would you like to busy some?
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Nah he just sent in scanned money.
But ya some of the following:
Hosting, office supplies, programs/scripts, outsourced labor, design work, domain names, ISP expense, depreciation of your PC/Printer/Scanner/Assorted electronic equipment, accountants, printer paper, blank DVD's, Blank CD's, Office chair, desk, small portion of your house/apartment, business cards, business phone line, business license filing fees, fictitious name fee's, business account fee's, check processing fees, postage, wire fee's, epassporte loading fee's, paypal fee's, and the list could go on.Comment
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For the actual pornographers:
Location rentals, kraft services, douches, testing fee's, condoms if used, lubes, clothing as long as you do not wear it for personal before/after, tanning, massage therapy, chiropracter, gym memberships, car expenses (keep a vehicle milage log to know what is personal and what is business), airfare (when used for business), hotel stays (again business), meals (business), recruiter fee's, video editors, video tape, equipment depreciation, bulb replacement, make up fee's or make up persons pay, gaffers, lighting techs, DVD cases, printing expenses, invoicing, equipment rental fee's, location licenses, model fee's, agent fee's, attorney fee's, and again much much more.Comment
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New IRS tax form..
Step 1: How much did you make during the previous year? _________
Step 2: Send the amount in Step 1 to the IRS
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write off every thing you can i am and still going to take a beating..
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You're in marketing and promotion so you can write off your cable bill, your movie receipts, etc.BaDoink
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Masturbation is a hobby of mine, so I can write off all my porn.Comment
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If you play xbox online you may be able to use it as a writeoff if you network with other webmasters while playing.I like pie.Comment
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how about a new laptop? or a HDTV?? are they office supplies?Nah he just sent in scanned money.
But ya some of the following:
Hosting, office supplies, programs/scripts, outsourced labor, design work, domain names, ISP expense, depreciation of your PC/Printer/Scanner/Assorted electronic equipment, accountants, printer paper, blank DVD's, Blank CD's, Office chair, desk, small portion of your house/apartment, business cards, business phone line, business license filing fees, fictitious name fee's, business account fee's, check processing fees, postage, wire fee's, epassporte loading fee's, paypal fee's, and the list could go on.
What exactly is depreciation of your PC/Printer/Scanner/Assorted electronic equipment??
small portion of your house/apartment?? you mean a portion of your rent?
how about epassporte $2 withdrawal fee's ?? and how do you prove it?
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If your laptop is used for business purposes only you can begin to depreciate it on your taxes. As for the HDTV I would not push it the IRS is looking into many small business's this year.
Depreciation is typically done over 5 years and is based on the value the equipment holds over that period of time before it is consider or no value or scrap. You could do more of a lump sum type ordeal but most accountants depreciate assets such as PC's and even cars.
Yes you can deduct the square footage of your home or appartment that is used for business purposes only. This may also include utilities and the like all based on that percentage. Many however do not do this as some see it as an IRS red flag. So lets assume your apartment is 1,000 square feet. Your rent, utilities, condo fee's, are a combined 1000.00 a month. Then your office space took up one room which was 100 square feet. You could then deduct 100.00 a month for your home office space.
When you withdraw money from an ATM do you not get a reciept showing how much your withdrew as well as the fee associated with it? That would be our proof. By the way normal ATM fee's attached to your business account also would apply.
You also do know an accountant or CPA not only can get you more money, they too are tax deductable as a business expense.Comment
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10% of utilities? say someone heats thier house with wood. can he write off 10% off the price of a cord of wood?
and what if someone added solar power panels on thier roof? i heard you can write that off no mater what your job is.
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Can a male pornstar write off his dick as a working tool?
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Watch the cars, If you only have one you HAVE to keep track of mileage in order to compute business percentage. If you work from home what exactly are you using your car for business wise ... Also if you have an office driving to and from work is NOT a business expense.
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This is very informative. Thanks for the detailed information.
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FYI bank statements are "proof" but of course recipes are much better to keep.Comment
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Last edited by Vendot; 01-16-2008, 09:55 AM."In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George OrwellComment
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If you read higher up you will notice I said that same thing in regards to cars. He was asking about depreciation though this time and not car usage. I could of thrown in most high end depreciatable noun and just chose to use a car. However the same rules would apply to its usage. If you have 1 computer and it is used 30% of the time for personal use like watching movies and playing games and then 70% of the time for business, you could end up in the same situation as it is not solely for business use. Like trying to deduct your home phone as a business expense when that is the only phone you have.
An example would be my shredder. Instead of purchasing two of them since I work from home and use it for not only business documents but household documents as well I do not attempt to use it as a tax right off.Comment
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if during a photo shoot you used whippedcream, can you write that off???
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you can write off wear on your car and that includes maintenance and gasComment
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Yes you can.
Only the percentage of it that is business based, maintenance, tolls, parking, and such are fine. The rest is typically compensated on a set fee per mile if I recall (I do not do my own taxes). Then again for this you must keep a vehicle log in your car at all times and write down every trip including milage and the like. Then you must distinguish which trips were for business and which were for personal use. PS. The IRS does not accept the since your self employed you are always working clause, nor taking phone calls on your cell while doing a personal drive, and so forth. Then as someone else said you also do not get the car deduction if you drive to an office to work, with the exception that you can swing something if the car is company owned via a corp of some type.Comment
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if you bought a Hybrid youre eligible for a federal income tax credit of up to $3400
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can my friend write off 10% of a cord of wood if thats how he heats the house?
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i was paying hosting with epassporte but now its tax time and i got no proof i paid for hosting.
i think the best way to go is get a business name then get a business credit card with your business name on it. then your credit card bill will be the only piece of paper that you would need at tax time.
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What other office supplies/equipment can we think of?
how about headphones?
computer surge protectors?
water cooler/water deliveries?
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what else can you guys come up with?
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I write off dildos
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I have been learning a lot more about deductions with owning rentals that I never took advantage of before. Well OK my father in law filled me in some this weekend. I had been previously shafting myself without knowing it. So my personal lesson was make sure your accountant knows everything no matter how trivial when it comes to making or spending money - hell even time.Comment
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just remember whenever you are claiming something as an expense, think about how you will deal with it if and when an IRS agent is at your kitchen table with your receipts in front of you and he asks you to justify the expense you claimed as far as business
I've been through a number of audits and you want everything to be above board when you have to explain yourselfLast edited by d-null; 02-02-2009, 10:38 PM.
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whos w2 is this from?
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Being a photographer has great perks at tax time.
Its amazing how many things can be written off as "studio props".
Plus - when you incorporate - you can write off your annual vacation as a "corporate retreat".
A few years back we wrote off our $300 LED Xmas tree - after featuring it in a photoshoot.
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