Hints N Tips to MAXIMIZE Tax Write offs - GoFuckYourself.com

RegUser · 01-01-2005, 08:15 AM

Happy New Year to all.
Lets start the year by sharing any Hints and tips that adult webmasters can write off to lower tax bracket.
Some of the obvious ones I guess are
Cost of contnet
Cost of hosting websites
Designing and maintenence of Websites
Buying computers, peripherals and Monitors
Business Lunhces ;-)

what else can you guys write off

AgentCash · 01-01-2005, 08:41 AM

Best way to maximize tax writeoffs is to go to a CPA. The tax code is so convoluted it's hard for anyone to make heads or tails of, so you may as well use someone who does it full time, chances are they'll be better at it than you. You can write off part of your mortgage or rent if you work from home, part of your utilities, etc etc. Basically anything used for business can be written off, but there are limits for food, entertainment & use of vehicle.

MandyBlake · 01-01-2005, 10:11 AM

good advice!
get an accountant.
and don't be a pig about writing stuff off or anything like that, or you're asking for an audit.

xclusive · 01-01-2005, 10:18 AM

Just be honest about it because if you monkey around too much you will get caught

RegUser · 01-01-2005, 10:49 AM

Being sensible and honest about write offs is fine and dandy
but first of all what is it that one can write off?
there must be other lots of things such as cost of upgrading computers, software, web design cost, content cost etc.

Juicy D. Links · 01-01-2005, 10:50 AM

Everything I can tbh.

I let the accountant work his magic

slapass · 01-01-2005, 10:52 AM

I use a simple rule of thumb. You can write off any legitimate expense so if I can see myself explaing it to a jury and they nod then it is ok.

The coolest thing about this business is there are very few expenses. Most of the money you make you get to keep.

Keev · 01-01-2005, 11:33 AM

http://www.gofuckyourself.com/showthread.php?t=411159

Babagirls · 01-01-2005, 11:37 AM

Quote:

Originally Posted by slapass

The coolest thing about this business is there are very few expenses. Most of the money you make you get to keep.

yea, i agree.

Babagirls · 01-01-2005, 11:38 AM

Quote:

Originally Posted by Keev

http://www.gofuckyourself.com/showthread.php?t=411159

AWESOME fuckin post, Keev!!!!!!!!!!!!

mikeyddddd · 01-01-2005, 01:17 PM

My Top 5 Tax Tips

#5 - Pick up losing tickets at the racetrack and write off the losses

#4 - Declare hooker expense as market research

#3 - Save medical bills from STD treatments

#2 - Slip the auditor a benji when you are called to the IRS office

#1 - Get out of the fucking country - FAST

DWB · 01-01-2005, 09:18 PM

Quote:

Originally Posted by mikeyddddd

My Top 5 Tax Tips

#5 - Pick up losing tickets at the racetrack and write off the losses

#4 - Declare hooker expense as market research

#3 - Save medical bills from STD treatments

#2 - Slip the auditor a benji when you are called to the IRS office

#1 - Get out of the fucking country - FAST

#3 you could write off. That is a legitimate medical expense that very well could be business related. As are HIV and STD testing. If you shoot content or perform yourself, that is an honest deduction.

mikeyddddd · 01-01-2005, 10:16 PM

Quote:

Originally Posted by DirtyWhiteBoy

#3 you could write off. That is a legitimate medical expense that very well could be business related. As are HIV and STD testing. If you shoot content or perform yourself, that is an honest deduction.

hmmm, what about Repetitive Strain Injuries from jerking off

01-01-2005, 11:33 AM	#8
Keev Confirmed User Join Date: May 2001 Posts: 5,335	http://www.gofuckyourself.com/showthread.php?t=411159 __________________ ReliableServers.com - NO REF LINK!

01-01-2005, 01:17 PM	#11
mikeyddddd Viva la vulva! Join Date: Mar 2003 Location: you can't please everyone, so you got to please yourself Posts: 16,557	My Top 5 Tax Tips #5 - Pick up losing tickets at the racetrack and write off the losses #4 - Declare hooker expense as market research #3 - Save medical bills from STD treatments #2 - Slip the auditor a benji when you are called to the IRS office #1 - Get out of the fucking country - FAST __________________ AdultStarProfits AmbyaCash AnilosCash AzianiGold ColdHardCash FlashTheMoney IdolBucks MediumPimpin NSCash Nubiles PussyCash ScoreCash Sextronix SpunkyCash TubeTitans Twistys

01-01-2005, 08:15 AM	#1
RegUser Confirmed User Join Date: Nov 2004 Posts: 1,472	Hints N Tips to MAXIMIZE Tax Write offs Happy New Year to all. Lets start the year by sharing any Hints and tips that adult webmasters can write off to lower tax bracket. Some of the obvious ones I guess are Cost of contnet Cost of hosting websites Designing and maintenence of Websites Buying computers, peripherals and Monitors Business Lunhces ;-) what else can you guys write off

01-01-2005, 08:41 AM	#2
AgentCash Confirmed User Join Date: Feb 2002 Posts: 720	Best way to maximize tax writeoffs is to go to a CPA. The tax code is so convoluted it's hard for anyone to make heads or tails of, so you may as well use someone who does it full time, chances are they'll be better at it than you. You can write off part of your mortgage or rent if you work from home, part of your utilities, etc etc. Basically anything used for business can be written off, but there are limits for food, entertainment & use of vehicle.

01-01-2005, 10:11 AM	#3
MandyBlake The one and only! Industry Role: Join Date: Nov 2002 Location: Atlanta, GA Posts: 17,761	good advice! get an accountant. and don't be a pig about writing stuff off or anything like that, or you're asking for an audit. __________________ Mandy's Playhouse Her First Fat Girl If you're interested in promoting my sites, ICQ me! 178411921

01-01-2005, 10:18 AM	#4
xclusive Too lazy to set a custom title Join Date: Apr 2004 Location: Buffalo, NY Posts: 35,218	Just be honest about it because if you monkey around too much you will get caught __________________ I support MediumPimpin.com / Shemp's Outlawtgp.com /

01-01-2005, 10:49 AM	#5
RegUser Confirmed User Join Date: Nov 2004 Posts: 1,472	Being sensible and honest about write offs is fine and dandy but first of all what is it that one can write off? there must be other lots of things such as cost of upgrading computers, software, web design cost, content cost etc.

01-01-2005, 10:50 AM	#6
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	Everything I can tbh. I let the accountant work his magic

01-01-2005, 10:52 AM	#7
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,625	I use a simple rule of thumb. You can write off any legitimate expense so if I can see myself explaing it to a jury and they nod then it is ok. The coolest thing about this business is there are very few expenses. Most of the money you make you get to keep.