Question about Taxes

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  • stroker
    Confirmed User
    • Feb 2005
    • 238

    #1

    Question about Taxes

    Since I'm self employed. Can I claim wages as a business expense? For example, I have a business with no other employess but myself. So can I claim wages in my federal taxes?
    Last edited by stroker; 04-01-2006, 06:40 PM.
  • MandyBlake
    The one and only!
    • Nov 2002
    • 17761

    #2
    go see an accountant.
    Mandy's Playhouse
    Her First Fat Girl
    If you're interested in promoting my sites, ICQ me! 178411921

    Comment

    • stroker
      Confirmed User
      • Feb 2005
      • 238

      #3
      I already owe $12k. Dont wanna spend anymore money than I have too. :P

      Originally posted by MandyBlake
      go see an accountant.

      Comment

      • Spunky
        I need a beer
        • Jun 2002
        • 133978

        #4
        An accountant would be able to tell you so much more write offs..worth the investment

        Comment

        • BusterBunny
          perverted justice decoy
          • Aug 2005
          • 19291

          #5
          defect to cuba and save the cash
          my sig caught gonoherpasyphilaids and died

          Comment

          • detoxed
            vip member
            • Jan 2003
            • 17798

            #6
            Lol yes see an accountant maybe they can save you more than the $100-500 its going to cost to do most peoples taxes. I owe more than $12k and pay less than $500 for an accountant to do my personal and corp. taxes each year.

            Comment

            • stroker
              Confirmed User
              • Feb 2005
              • 238

              #7
              LOL! Thanks for the advice. Anyone need Cuban cigars while I'm there?

              Comment

              • BusterBunny
                perverted justice decoy
                • Aug 2005
                • 19291

                #8
                Originally posted by stroker
                LOL! Thanks for the advice. Anyone need Cuban cigars while I'm there?
                no cigar but i will take a young refugee boy to mold into a major league baseball player please, those kids are worth zillions in the biggs
                my sig caught gonoherpasyphilaids and died

                Comment

                • mrkris
                  Confirmed User
                  • May 2005
                  • 2737

                  #9
                  I did my taxes today. She read over my list, "BangBros, MayorsMoney, NastyDollars?" -- Haha, good stuff. Anywho, She helped me get a nice lump sum back from hosting, domains, hardware, etc.

                  PHP-MySQL-Rails | ICQ: 342500546

                  Comment

                  • jackie1
                    Confirmed User
                    • Oct 2005
                    • 137

                    #10
                    Do you guys' cpa know you sell porn? Do you tell them or just say it's "intenet marketing"?

                    Comment

                    • spunkmaster
                      Confirmed User
                      • Jan 2004
                      • 2052

                      #11
                      Fill out a tax work sheet and bring it to your local CPA.

                      Here's a quick one I found on google

                      http://www.martinwallcpa.com/taxorg.pdf

                      Just as an FYI there are some wages and employee expenses you can claim
                      if you pay family or independant contractors. Ask the CPA what the limits are
                      before you have to "prove" the expenses !

                      Comment

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