Domain names and Taxes - GoFuckYourself.com

adjektiv · 05-30-2004, 12:47 PM

If you bought a domain for $2k or something do you write it off over 5 years or how do you list it in your taxes?
Do you list it as advertising?

Yes I know I should ask an accountant but she doesn't know and yes I am getting a new one, but I thought I'd ask here anyway.

Giorgio_Xo · 05-30-2004, 12:50 PM

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, 12:50 PM

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, 12:51 PM

Quote:

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, 12:53 PM

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, 01:14 PM

Quote:

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, 01:38 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, 01:44 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.

05-30-2004, 12:47 PM	#1
adjektiv Confirmed User Join Date: Jan 2003 Location: USA Posts: 381	Domain names and Taxes If you bought a domain for $2k or something do you write it off over 5 years or how do you list it in your taxes? Do you list it as advertising? Yes I know I should ask an accountant but she doesn't know and yes I am getting a new one, but I thought I'd ask here anyway.

05-30-2004, 12:50 PM	#2
Giorgio_Xo Confirmed User Join Date: Mar 2003 Location: Las Vegas, NV Posts: 4,263	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. __________________ Make Levees, Not War

05-30-2004, 12:50 PM	#3
69pornlinks Confirmed User Join Date: Mar 2003 Location: Heranus Posts: 5,560	i don;t like my taxes going to kill women and kids so i wrote uncle sam and said fuck you __________________ It IS what it IS

05-30-2004, 12:53 PM	#5
Edguy! Confirmed User Join Date: Mar 2004 Posts: 1,126	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 __________________ porndollar.com

05-30-2004, 01:38 PM	#7
Lifer Confirmed User Industry Role: Join Date: Feb 2004 Location: Working Posts: 871	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. __________________ CCBill Sponsor Programs Get Paid On Time - Everytime!

05-30-2004, 01:44 PM	#8
Mr.Fiction Confirmed User Join Date: Feb 2002 Location: Free Speech Land Posts: 9,484	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. __________________ Don't be lazy, protect free speech: ACLU \| Free Speech Coalition \| EFF \| IMPA