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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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Thread Tools |
12-07-2004, 11:55 AM
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#1 |
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Confirmed User
Join Date: Aug 2002
Posts: 1,504
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US tax rules pertaining to domains
The handling of domains as expenses or intangible assets seems to be a gray area. Our accountant is telling us that Section 197 pertaining to the acquisition of intangible assets may apply, resulting in a 15 year life for asset depreciation. On the other hand, some may argue that since the asset must be "renewed", that it can be capitalized or fully expensed.
Does anyone know the definitive answer to this matter? |
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12-07-2004, 11:57 AM
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#2 |
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In Tushy Land
Join Date: Oct 2002
Location: Nebraska
Posts: 40,149
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umm you talking high end domains? hell you register a domain for $10, why would you want to depreciate that over years? I just write all the domains off completely each year. But I don't buy high end domains either.
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12-07-2004, 12:14 PM
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#3 |
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Confirmed User
Join Date: Aug 2002
Posts: 1,504
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We're talking about 3 domains totalling about $36k.
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