Are paysite memberships considered a tax write-off for adult webmasters? - GoFuckYourself.com

Libertine · 08-30-2003, 06:56 PM

After all, you're doing market research

Muff · 08-30-2003, 06:57 PM

EscortBiz · 08-30-2003, 07:02 PM

MissEve · 08-30-2003, 07:05 PM

KMR Stitch · 08-30-2003, 07:08 PM

Business expense

Gator · 08-30-2003, 07:45 PM

LOL, that's a new one, but market research is a business expense.

rowan · 08-30-2003, 07:55 PM

Not sure about companies, but in Australia sole traders (individuals without a company structure) can only deduct the portion of the cost that is directly related to the business.

What percentage of a pr0n site membership would be for 'personal use'?

doober · 08-30-2003, 08:14 PM

its called research.....

AOJ Brian · 08-30-2003, 08:16 PM

For sure!

Brian

Meloman · 08-30-2003, 08:20 PM

I deduct it. I enter it as Market Research. Considering I'll join a site and check it out first before advertising it, this truly IS Market Research...

SMG · 08-30-2003, 08:21 PM

Quote:

Originally posted by punkworld
After all, you're doing market research

I assume all your napkins are a business expense as well?

doober · 08-30-2003, 08:23 PM

napkins NO, Kleenex yes....

Snake Doctor · 08-30-2003, 08:24 PM

Quote:

Originally posted by SMG

I assume all your napkins are a business expense as well?

Actually you should but towels for that. Not only can you depreciate them over time but you can also write off the incidentals like laundry soap and fabric softener

lexr · 08-30-2003, 09:30 PM

Quote:

Originally posted by rowan
Not sure about companies, but in Australia sole traders (individuals without a company structure) can only deduct the portion of the cost that is directly related to the business.

What percentage of a pr0n site membership would be for 'personal use'?

Well, see that's the gray area. We have that too. Personally I wouldn't write them off. Why? Because the adult business is the most scrutinized business in the United States.

But if you want technicalities, sure.. as long as you can prove that it's for market research purposes and not purely your own personal gratification it can probably pass as a business expense. Question is, how do you prove it? And is it really worth it? Do you have hundreds to thousands of dollars worth of such expenses?

Snake Doctor · 08-30-2003, 09:34 PM

Quote:

Originally posted by lexr

Well, see that's the gray area. We have that too. Personally I wouldn't write them off. Why? Because the adult business is the most scrutinized business in the United States.

But if you want technicalities, sure.. as long as you can prove that it's for market research purposes and not purely your own personal gratification it can probably pass as a business expense. Question is, how do you prove it? And is it really worth it? Do you have hundreds to thousands of dollars worth of such expenses?

Actually the law now says that the burden of proof is on the IRS, not on the taxpayer.
So they have to prove that it ISN'T a business expense to take the write off away from you.

And checking out the competition is something any smart business owner in any business would do.

lexr · 08-31-2003, 05:25 PM

Quote:

Originally posted by Lenny2

Actually the law now says that the burden of proof is on the IRS, not on the taxpayer.
So they have to prove that it ISN'T a business expense to take the write off away from you.

And checking out the competition is something any smart business owner in any business would do.

Technically, yes. But as a member of the most scrutinized industry out there do you really think it's wise to take your chances and go up against the IRS in an investigation? I wouldn't.

That's why anyone worth their salt will suggest you keep documentation on every expense (receipts, statements, bills, cancelled checks, etc).

Ask any financial advisor, other than me, and they'll say the same thing. :D

08-30-2003, 06:56 PM	#1
Libertine sex dwarf Join Date: May 2002 Posts: 17,860	Are paysite memberships considered a tax write-off for adult webmasters? After all, you're doing market research __________________ /(bb\|[^b]{2})/

08-30-2003, 06:57 PM	#2
Muff Confirmed User Join Date: Mar 2001 Location: Toronto Posts: 1,782	Yes.

08-30-2003, 07:02 PM	#3
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08-30-2003, 07:05 PM	#4
MissEve Confirmed User Join Date: Aug 2002 Location: Anchorage, AK Posts: 583	Yes!

08-30-2003, 07:08 PM	#5
KMR Stitch I am cool Join Date: Jul 2003 Posts: 14,494	Business expense

08-30-2003, 07:45 PM	#6
Gator Confirmed User Industry Role: Join Date: Feb 2002 Location: Don't live on GFY Posts: 1,119	LOL, that's a new one, but market research is a business expense.

08-30-2003, 07:55 PM	#7
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	Not sure about companies, but in Australia sole traders (individuals without a company structure) can only deduct the portion of the cost that is directly related to the business. What percentage of a pr0n site membership would be for 'personal use'?

08-30-2003, 08:14 PM	#8
doober Confirmed User Join Date: Jul 2003 Location: in yoOoo kitchen Posts: 6,984	its called research.....

08-30-2003, 08:16 PM	#9
AOJ Brian Confirmed User Join Date: Apr 2003 Posts: 257	For sure! Brian

08-30-2003, 08:20 PM	#10
Meloman Confirmed User Industry Role: Join Date: Jul 2001 Location: Sacramento,CA Posts: 1,540	I deduct it. I enter it as Market Research. Considering I'll join a site and check it out first before advertising it, this truly IS Market Research...

08-30-2003, 08:23 PM	#12
doober Confirmed User Join Date: Jul 2003 Location: in yoOoo kitchen Posts: 6,984	napkins NO, Kleenex yes....