Domain names and Taxes

**Giorgio_Xo** · 05-30-2004, 11:50 AM

Since a domain name can only be leased and you are paying well over the lease price, all overage is considered goodwill which is amortized.

**69pornlinks** · 05-30-2004, 11:50 AM

i don;t like my taxes going to kill women and kids so i wrote uncle sam and said fuck you

**jackson** · 05-30-2004, 11:51 AM

Originally posted by 69pornlinks
i don;t like my taxes going to kill women and kids so i wrote uncle sam and said fuck you

WAT?

**Edguy!** · 05-30-2004, 11:53 AM

You could always just say it was for charitable purposes *shrugs*

That's how I can $4K off my car

Yes, that was a lie

$300 off my scooter

**adjektiv** · 05-30-2004, 12:14 PM

Originally posted by Giorgio_Xo
Since a domain name can only be leased and you are paying well over the lease price, all overage is considered goodwill which is amortized.

Thank you.

**Lifer** · 05-30-2004, 12:38 PM

You should be able to write it off as an advertising expense.

You can write it off as a research and development expense, even if you don't develop it.

It's a business expense and since the cost is so little, just put it under miscellanious expenses on the schedule c on the backside. The cost of the domain is not really going to affect your taxes by more than a dollar.

But that's what I would do... you need to buy a book on taxes.

**Mr.Fiction** · 05-30-2004, 12:44 PM

There is no set way to do it. Different accountants will advise writing off domains in different ways and will continue to do so until the government issues some kind of guidance.

Domain names and Taxes

Domain names and Taxes

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