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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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04-01-2006, 08:38 PM
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#1 |
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Confirmed User
Join Date: Feb 2005
Posts: 238
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Question about Taxes
Since I'm self employed. Can I claim wages as a business expense? For example, I have a business with no other employess but myself. So can I claim wages in my federal taxes?
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04-01-2006, 08:40 PM
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#2 |
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The one and only!
Industry Role:
Join Date: Nov 2002
Location: Atlanta, GA
Posts: 17,761
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go see an accountant.
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Mandy's Playhouse Her First Fat Girl If you're interested in promoting my sites, ICQ me! 178411921 |
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04-01-2006, 08:43 PM
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#3 | |
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Confirmed User
Join Date: Feb 2005
Posts: 238
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I already owe $12k. Dont wanna spend anymore money than I have too. :P
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04-01-2006, 08:43 PM
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#4 |
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I need a beer
 
Industry Role:
Join Date: Jun 2002
Location: ♠ Toiletville ♠
Posts: 133,976
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An accountant would be able to tell you so much more write offs..worth the investment
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04-01-2006, 08:45 PM
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#5 |
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perverted justice decoy
Join Date: Aug 2005
Location: unborn still in the womb connected via blackberry
Posts: 19,291
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defect to cuba and save the cash
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my sig caught gonoherpasyphilaids and died 
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04-01-2006, 08:48 PM
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#6 |
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vip member
Join Date: Jan 2003
Posts: 17,798
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Lol yes see an accountant maybe they can save you more than the $100-500 its going to cost to do most peoples taxes. I owe more than $12k and pay less than $500 for an accountant to do my personal and corp. taxes each year.
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04-01-2006, 08:54 PM
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#7 |
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Confirmed User
Join Date: Feb 2005
Posts: 238
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LOL! Thanks for the advice. Anyone need Cuban cigars while I'm there?
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04-01-2006, 08:56 PM
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#8 | |
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perverted justice decoy
Join Date: Aug 2005
Location: unborn still in the womb connected via blackberry
Posts: 19,291
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Quote:
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my sig caught gonoherpasyphilaids and died
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04-01-2006, 08:59 PM
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#9 |
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Confirmed User
Join Date: May 2005
Posts: 2,737
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I did my taxes today. She read over my list, "BangBros, MayorsMoney, NastyDollars?" -- Haha, good stuff. Anywho, She helped me get a nice lump sum back from hosting, domains, hardware, etc.
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 PHP-MySQL-Rails | ICQ: 342500546 |
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04-01-2006, 11:05 PM
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#10 |
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Confirmed User
Join Date: Oct 2005
Posts: 137
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Do you guys' cpa know you sell porn? Do you tell them or just say it's "intenet marketing"?
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04-02-2006, 01:22 AM
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#11 |
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Confirmed User
Join Date: Jan 2004
Posts: 2,052
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Fill out a tax work sheet and bring it to your local CPA.
Here's a quick one I found on google http://www.martinwallcpa.com/taxorg.pdf Just as an FYI there are some wages and employee expenses you can claim if you pay family or independant contractors. Ask the CPA what the limits are before you have to "prove" the expenses !
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