Don't forget these exemptions! - GoFuckYourself.com

Centurion · 02-15-2005, 07:52 PM

I don't remember who posted this last year..but here's a pretty good list of exemptions if you are figuring out your self employment taxes!
------------------------------
Scripts (ucj, pennywize,tm3, comus, etc)
Software (dreamweaver, photoshop, thumbsplus, etc)
Hosting, Colocation, Bandwidth Expenses
Content Purchases
Models ( Clothing, Travel expenses related to her getting to the shoot.)
Camera / Photo Equipment
Domains
Programmers / Hired Help
Interest On Business Credit Cards
Car Payment (based on percentage used for business)
Office Rent or % Of House Payment if work from home.
ISP Service (DSL, Cable,DialUp)
Computer Equip. monitor, Servers, Routers, video, sound, capture cards, networking equipment, ink)
TV, VCR, DVD player, Xbox (research and development or hell Break room decor and equip)
Office Equipment (paper, pens, furniture,fax, phone, chairs, desks,print materials, decor)
Advertising (print, banner spots, tgp listings, business cards, sig whores, seo, traffic purchases)
CCBILL , Epoch, etc Service Charges, Check Fee's, Wire Fee's
paypal Fee's
Chargebacks, refunds, lost & stolen merchandise / inventory
Purchase of new web properties (websites, domains, etc)
Legal Expenses
Business attire (pimp suits, hawaiian shirts, sandals)
Business Lunches / Dinners(strip clubs, etc) gotta entertain the business partners
Business Entertainment expenses ( you can fill in the blanks )
Hotels
Merhant Account Fee's and service charges
Authorize.net / itransact etc monthly service
Postage / Shipping / Packaging
Phone Bill (office, cell, etc)
Gas
business insurance
car insurance (based on % used for business)
car maintence (on a % as well?)
travel expenses (airfare)
designers (design jobs, banners, tgp templates)
VEGAS PERIOD!
Visa Registration
Accountant Fee's Service Charges
Office Housekeeping :-)
Business License
Corp Reg Fee's & Renewals
Resellers Permit
Laser Eye Surgery (relates to our work)
Prescriptions drugs, medicine
Jury Duty Fee's (meal, trans)
Safety Deposit Box / PO Box
Standard Mileage write off
Real Estate Tax (% if home based)
Car Tax
Income Tax
Donations
A
ny out of pocket expenses for chariable work.... ie For example I donate my thanksgiving mornings working and feeding the needy prep food, tables, set up huge tents and etc)
- gas
- any clothing for that
- equip bought for it

Manansala · 02-15-2005, 07:56 PM

You forgot beer.

Hot Visions · 02-15-2005, 08:09 PM

Quote:

Originally Posted by Manansala

You forgot beer.

clickhappy · 02-15-2005, 08:10 PM

Dont go crazy with your exemptions. You'll get flagged for an audit. I got audited and it sucked. Thank God I had all my receipts

MandyBlake · 02-15-2005, 08:12 PM

you can't count the processing fees cuz you never see that money!

wargames · 02-16-2005, 01:11 AM

Thanks for the info dude.

02-15-2005, 07:52 PM	#1
Centurion Confirmed User Industry Role: Join Date: Dec 2002 Location: SeATtle Posts: 6,033	Don't forget these exemptions! I don't remember who posted this last year..but here's a pretty good list of exemptions if you are figuring out your self employment taxes! ------------------------------ Scripts (ucj, pennywize,tm3, comus, etc) Software (dreamweaver, photoshop, thumbsplus, etc) Hosting, Colocation, Bandwidth Expenses Content Purchases Models ( Clothing, Travel expenses related to her getting to the shoot.) Camera / Photo Equipment Domains Programmers / Hired Help Interest On Business Credit Cards Car Payment (based on percentage used for business) Office Rent or % Of House Payment if work from home. ISP Service (DSL, Cable,DialUp) Computer Equip. monitor, Servers, Routers, video, sound, capture cards, networking equipment, ink) TV, VCR, DVD player, Xbox (research and development or hell Break room decor and equip) Office Equipment (paper, pens, furniture,fax, phone, chairs, desks,print materials, decor) Advertising (print, banner spots, tgp listings, business cards, sig whores, seo, traffic purchases) CCBILL , Epoch, etc Service Charges, Check Fee's, Wire Fee's paypal Fee's Chargebacks, refunds, lost & stolen merchandise / inventory Purchase of new web properties (websites, domains, etc) Legal Expenses Business attire (pimp suits, hawaiian shirts, sandals) Business Lunches / Dinners(strip clubs, etc) gotta entertain the business partners Business Entertainment expenses ( you can fill in the blanks ) Hotels Merhant Account Fee's and service charges Authorize.net / itransact etc monthly service Postage / Shipping / Packaging Phone Bill (office, cell, etc) Gas business insurance car insurance (based on % used for business) car maintence (on a % as well?) travel expenses (airfare) designers (design jobs, banners, tgp templates) VEGAS PERIOD! Visa Registration Accountant Fee's Service Charges Office Housekeeping :-) Business License Corp Reg Fee's & Renewals Resellers Permit Laser Eye Surgery (relates to our work) Prescriptions drugs, medicine Jury Duty Fee's (meal, trans) Safety Deposit Box / PO Box Standard Mileage write off Real Estate Tax (% if home based) Car Tax Income Tax Donations A ny out of pocket expenses for chariable work.... ie For example I donate my thanksgiving mornings working and feeding the needy prep food, tables, set up huge tents and etc) - gas - any clothing for that - equip bought for it __________________

02-15-2005, 07:56 PM	#2
Manansala Confirmed User Join Date: Jan 2005 Posts: 551	You forgot beer. __________________ I don't have a signature. !

02-15-2005, 08:12 PM	#5
MandyBlake The one and only! Industry Role: Join Date: Nov 2002 Location: Atlanta, GA Posts: 17,761	you can't count the processing fees cuz you never see that money! __________________ Mandy's Playhouse Her First Fat Girl If you're interested in promoting my sites, ICQ me! 178411921

02-16-2005, 01:11 AM	#6
wargames Kliris Join Date: May 2003 Location: ca Posts: 10,423	Thanks for the info dude. __________________ ICQ 212-115-582 Email Steve at Vas Media Group .com

02-15-2005, 08:10 PM	#4
clickhappy Confirmed User Industry Role: Join Date: Mar 2004 Posts: 4,027	Dont go crazy with your exemptions. You'll get flagged for an audit. I got audited and it sucked. Thank God I had all my receipts