Personal Property Tax help needed! - GoFuckYourself.com

pornkitten · 02-17-2004, 02:53 AM

I cant believe it went up to $300! What can I write off? Anyone want to fully explain this tax and everything please do we havent gotten a new accountant yet. Help here would be greatly appreciated.

pornkitten · 02-17-2004, 04:14 AM

maybe I shouldnt have put fully explain how bout a good guess?

beemk · 02-17-2004, 04:17 AM

www.google.com

jasmine · 02-17-2004, 06:28 AM

$300 per month right ? I am not really sure if you can write off the personal property tax.

Ours is about 481 per month which is included in our mortgage.

You can however write off business use of home.

Sarah - GTS · 02-17-2004, 08:55 AM

If you have an in home office you should be able to estimate a portion of the total expense as a business expense. I.e. total square feet of home = 2000, approx. office space 500 sq feet, therefore you could write off 1/4 or $75 as a business expense.
(that is the way it works in Canada, I'm pretty sure US tax laws are similar.)

This would go for other home expenses as well, i.e. interest on your mortgage, utilities, insurance, etc.

pornkitten · 02-22-2004, 01:06 AM

Quote:

Originally posted by jasmine
$300 per month right ? I am not really sure if you can write off the personal property tax.

Ours is about 481 per month which is included in our mortgage.

You can however write off business use of home.

per month? Im pretty sure ours is for the whole year

pornkitten · 02-22-2004, 01:07 AM

Quote:

Originally posted by Sarah - GSS
If you have an in home office you should be able to estimate a portion of the total expense as a business expense. I.e. total square feet of home = 2000, approx. office space 500 sq feet, therefore you could write off 1/4 or $75 as a business expense.
(that is the way it works in Canada, I'm pretty sure US tax laws are similar.)

This would go for other home expenses as well, i.e. interest on your mortgage, utilities, insurance, etc.

thanks! what about the new computer Im getting since this one is screwed?

baddog · 02-22-2004, 01:32 AM

Quote:

Originally posted by pornkitten

thanks! what about the new computer Im getting since this one is screwed?

that is a business expense also, a write off

02-17-2004, 02:53 AM	#1
pornkitten Confirmed User Join Date: Dec 2003 Posts: 1,412	Personal Property Tax help needed! I cant believe it went up to $300! What can I write off? Anyone want to fully explain this tax and everything please do we havent gotten a new accountant yet. Help here would be greatly appreciated.

02-17-2004, 04:17 AM	#3
beemk CLICK HERE Industry Role: Join Date: Jan 2002 Posts: 20,829	www.google.com __________________ I host with Vacares

02-17-2004, 06:28 AM	#4
jasmine Confirmed User Join Date: Aug 2001 Location: Virginia Posts: 1,013	$300 per month right ? I am not really sure if you can write off the personal property tax. Ours is about 481 per month which is included in our mortgage. You can however write off business use of home. __________________ I've been getting paid by SexOnTheSide for 10 years!

02-17-2004, 08:55 AM	#5
Sarah - GTS Confirmed User Join Date: Jul 2003 Posts: 1,656	If you have an in home office you should be able to estimate a portion of the total expense as a business expense. I.e. total square feet of home = 2000, approx. office space 500 sq feet, therefore you could write off 1/4 or $75 as a business expense. (that is the way it works in Canada, I'm pretty sure US tax laws are similar.) This would go for other home expenses as well, i.e. interest on your mortgage, utilities, insurance, etc. __________________ Buy Mobile traffic - target by county and / or device Got Mobile Traffic? don't redirect it away! We build you your very own mobile tube site complete with videos and pay you up to 20 cents PPC! Keep your valuable surfers, build traffic and build your SEO! There is no better solution for your mobile traffic! [email protected] ICQ# 229-972-572

02-17-2004, 04:14 AM	#2
pornkitten Confirmed User Join Date: Dec 2003 Posts: 1,412	maybe I shouldnt have put fully explain how bout a good guess?