how should I write off outsourcing on my taxes? - GoFuckYourself.com

pood · 03-16-2006, 05:04 PM

Got some outsourcing done last year from Gene.

what title show I use for my business deduction? it's just a normal business deduction, correct?

After Shock Media · 03-16-2006, 05:19 PM

Contracted labor if I recall. I do not fill out my own tax stuff anymore my accountant does all of that.

minusonebit · 03-16-2006, 05:47 PM

If it was more than $599, you were supposed to file a 1099.

What type of work was done? If you can put it in any of the normal columns I would so, esp. if you didnt file the 1099 as required.

pood · 03-16-2006, 07:08 PM

Quote:

Originally Posted by minusonebit

If it was more than $599, you were supposed to file a 1099.

What type of work was done? If you can put it in any of the normal columns I would so, esp. if you didnt file the 1099 as required.

even if it's offshores?

woj · 03-16-2006, 07:34 PM

hire an accountant, if you hire a good one, it will pay for itself...

tony286 · 03-16-2006, 07:36 PM

hire accountant gfy is not the place for tax info

Furious_Male · 03-16-2006, 07:39 PM

I couldn't even tell you how my accountant does it but I do know I never issued a 1099 for outsourcing. If the outsourcing company is Incorporated you couldn't 1099 them anyway if I am not mistaken.

I agree with the other posts. Hire an accountant to handle this.

spunkmaster · 03-16-2006, 07:39 PM

You don't need to file a 1099 if you paid a company on shore or offshore!

pornguy · 03-16-2006, 07:55 PM

I think that you actually get a major tax break for outsoutsourcing. You may want to talk to someone about that.

pood · 03-16-2006, 08:51 PM

hmm, alright thanks.

I'll go ask my irs proff...use to be a ex irs agent, but not sure if she is allowed to give tax advice.

I don't think I'm at the point to need an accountant, my income isn't high enough right now to warrant one.

Kevin - The PNN · 03-16-2006, 09:43 PM

I can answer this, I have am MBA in Finance and qualify to sit for the CPA exam - I like porn bettere than tax accounting

Yes - you can write this off. Almost everything you do can be expensed. ICQ me if you have any other tax questions

pood · 03-17-2006, 10:56 AM

Quote:

Originally Posted by Kevin hahaha8211; The PNN

I can answer this, I have am MBA in Finance and qualify to sit for the CPA exam - I like porn bettere than tax accounting

Yes - you can write this off. Almost everything you do can be expensed. ICQ me if you have any other tax questions

hehe, nice man. Will do! I'm a finance major myself, last quarter! I wouldn't ever go as far as a MBA though, way too much schoolin for me.

03-16-2006, 05:04 PM	#1
pood Confirmed User Join Date: Feb 2004 Location: Seattle Posts: 1,609	how should I write off outsourcing on my taxes? Got some outsourcing done last year from Gene. what title show I use for my business deduction? it's just a normal business deduction, correct?

03-16-2006, 05:19 PM	#2
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	Contracted labor if I recall. I do not fill out my own tax stuff anymore my accountant does all of that. __________________ [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

03-16-2006, 07:34 PM	#5
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	hire an accountant, if you hire a good one, it will pay for itself... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

03-16-2006, 07:39 PM	#7
Furious_Male Doing the grind since 99 Industry Role: Join Date: Oct 2003 Location: Buffalo NY Posts: 16,881	I couldn't even tell you how my accountant does it but I do know I never issued a 1099 for outsourcing. If the outsourcing company is Incorporated you couldn't 1099 them anyway if I am not mistaken. I agree with the other posts. Hire an accountant to handle this. __________________ Living in Virtual Reality Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws

03-16-2006, 07:39 PM	#8
spunkmaster Confirmed User Join Date: Jan 2004 Posts: 2,052	You don't need to file a 1099 if you paid a company on shore or offshore! __________________

03-16-2006, 05:47 PM	#3
minusonebit So Fucking Banned Join Date: Feb 2006 Location: [email protected] Posts: 7,391	If it was more than $599, you were supposed to file a 1099. What type of work was done? If you can put it in any of the normal columns I would so, esp. if you didnt file the 1099 as required.

03-16-2006, 07:36 PM	#6
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	hire accountant gfy is not the place for tax info

03-16-2006, 07:55 PM	#9
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	I think that you actually get a major tax break for outsoutsourcing. You may want to talk to someone about that. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

03-16-2006, 08:51 PM	#10
pood Confirmed User Join Date: Feb 2004 Location: Seattle Posts: 1,609	hmm, alright thanks. I'll go ask my irs proff...use to be a ex irs agent, but not sure if she is allowed to give tax advice. I don't think I'm at the point to need an accountant, my income isn't high enough right now to warrant one.

03-16-2006, 09:43 PM	#11
Kevin - The PNN Confirmed User Join Date: Jun 2005 Location: ICQ: 306431492 Posts: 1,364	I can answer this, I have am MBA in Finance and qualify to sit for the CPA exam - I like porn bettere than tax accounting Yes - you can write this off. Almost everything you do can be expensed. ICQ me if you have any other tax questions __________________ www.ThePNN.com The Porn Niche Network