![]() |
![]() |
![]() |
||||
Welcome to the GoFuckYourself.com - Adult Webmaster Forum forums. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. |
![]() ![]() |
|
Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
|
Thread Tools |
![]() |
#1 |
BACON BACON BACON
Industry Role:
Join Date: Nov 2002
Location: Poems everybody, the laddie fancies himself a poet
Posts: 35,462
|
Any Tax experts around?
I have been thnking of trying this out.
It actually started off with me just being nice. I have been thinking of donating 1-2 hours of my time to school kids a few days a week. Who can not afford a math tutor. I used to charge $25 an hour to tutor while going to school. Now i live in a less prosperous part of town, and i thought it would be nice to give a little. Then, my greedy side kicked in. Does anyone know if i can start a charitable organization/company and bill it for my time? Basically i could bill my tutoring services as a charitable donation. legit of course, i would really be helping these kids. just a thought, im going to look into it further. But if anyone knows more info, or has a link i could read, that would be helpful |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#2 |
Confirmed User
Join Date: Feb 2003
Location: Netherlands
Posts: 1,109
|
I'm no expert and I could be wrong but if the goal of your organization is to make money you are a company and not a charity. You charge for a service.
__________________
![]() Multihomed quality BW for less ICQ 51034232 - MSN [email protected] - Email keydet(at)vibehosting.com |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#3 | |
BACON BACON BACON
Industry Role:
Join Date: Nov 2002
Location: Poems everybody, the laddie fancies himself a poet
Posts: 35,462
|
Quote:
im not charging anyone anything. it would be free to them. im trying to figure out a way to save on taxes though, and i think i might be onto something i guess i should just give the guy a call. |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#4 |
So Fucking Banned
Join Date: Jan 2004
Posts: 218
|
You can deduct any expenses you incurred while doing charity work, but you can not deduct for your time.
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#5 |
Confirmed User
Join Date: Nov 2003
Location: Starship Enterprise
Posts: 8,278
|
If you do it through an Organization or school i'm sure they'd give you some kind of a receipt.
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#6 | |
So Fucking Banned
Join Date: Jan 2004
Posts: 218
|
Quote:
|
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#7 | |
BACON BACON BACON
Industry Role:
Join Date: Nov 2002
Location: Poems everybody, the laddie fancies himself a poet
Posts: 35,462
|
Quote:
hopefully i can find away around it. ill still give my time...but i was really hoping to deduct based on my time. as that is what is more valuable |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#8 | |
So Fucking Banned
Join Date: Jan 2004
Posts: 218
|
Quote:
|
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#9 |
So Fucking Banned
Join Date: Jan 2004
Posts: 218
|
PS - Have you incorporated your business? This is the best tax advice I can think of. Then YOU decide what you pay yourself each year (taxable) and then you just keep all the business profits too. It's your money.
It's hard to believe this is legal, but it is so. Fucking corporations, I cringe at the tax bills I have paid in the past when I didn't have to. Incorporate! LLC is worthless right now because the tax laws haven't been clearly defined. |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#10 | |
BACON BACON BACON
Industry Role:
Join Date: Nov 2002
Location: Poems everybody, the laddie fancies himself a poet
Posts: 35,462
|
Quote:
to clarify, i just work for makebling. but i am paid as an independant....so yeah i am basically my own business in that sense. i guess i need to get a hold of my accountant soon, and see what he thinks |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#11 | |
So Fucking Banned
Join Date: Jan 2004
Posts: 218
|
Quote:
|
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#12 |
Affiliate
Industry Role:
Join Date: Oct 2002
Location: Icq: 94-399-723
Posts: 24,433
|
Why would kids how have no money will want to learn math?
They need money! Not math... Just my ![]() |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#13 | |
So Fucking Banned
Join Date: Jan 2004
Posts: 218
|
Quote:
|
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#14 | |
BACON BACON BACON
Industry Role:
Join Date: Nov 2002
Location: Poems everybody, the laddie fancies himself a poet
Posts: 35,462
|
Quote:
and i owe it all to mathematics i went and got a honours math degree, which has made life easier for me. when you dont have big time contacts a math degree opens all doors for you ![]() |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#15 | |
So Fucking Banned
Join Date: Jan 2004
Posts: 218
|
Quote:
This is what Math can do. |
|
![]() |
![]() ![]() ![]() ![]() ![]() |