Taxes: Do you write off your paid partner accounts? - GoFuckYourself.com

Bastian · 03-01-2008, 01:19 PM

Do you write off your paid partner accounts or paid toplinks?

And if so, what do you report them as? IE how do you title this particular expense. Also, any audit stories would be appreciated.

cybermike · 03-01-2008, 01:33 PM

everything related to the business is a business expense

03-01-2008, 01:41 PM

expense it as advertising

Paparazzi · 03-01-2008, 01:56 PM

ofcource you should. Like mike said "advertising". You should write off everything you can like; domains, banner spots, submit passes, hosting etc...

selena · 03-01-2008, 02:03 PM

I put those down as advertising, and any ppc type of thing down as a traffic purchase.

candyflip · 03-01-2008, 02:16 PM

Yep, as advertising like mentioned.

ztik · 03-01-2008, 02:32 PM

You would be stupid not to write that off

Diligent · 03-01-2008, 03:35 PM

^-- agreed.

LiveDose · 03-01-2008, 06:03 PM

Of course you should write those things off.

Advertising expenses. Anything and everything related to your business as mentioned above.

Net Money · 03-01-2008, 06:48 PM

Yes it is an advertising expense.

Iron Fist · 03-01-2008, 06:50 PM

Advertising as mentioned before...

VeriSexy · 03-01-2008, 07:08 PM

it's a business expense, so yes

Nurgle · 03-01-2008, 08:29 PM

if ure paying tax on your earnings of course you have to claim them!~

woj · 03-01-2008, 09:18 PM

Quote:

Originally Posted by candyflip

Yep, as advertising like mentioned.

Bojangles · 03-01-2008, 09:22 PM

Can you write off a script purchase for your website? If so, what would be the title for that? Don't want to high-jack this thread, but I guess his question has already been answered anyway.

bausch · 03-01-2008, 09:25 PM

Quote:

Originally Posted by Bojangles

Can you write off a script purchase for your website? If so, what would be the title for that? Don't want to high-jack this thread, but I guess his question has already been answered anyway.

of course u do. Title could be software.

Bojangles · 03-01-2008, 09:31 PM

Quote:

Originally Posted by bausch

of course u do. Title could be software.

Great. Thanks. Anymore suggestions as to what I could write off? I could write off the price I pay for internet service, right?

BOSS1 · 03-02-2008, 12:35 AM

which ones are worth it?

BluMedia · 03-02-2008, 12:50 AM

God damn I am surprised basic things business owners don't know. I would highly suggest learning more because some of you are probably losing a shitload of money if you don't know if you can write off something for your business. I would suggest talking to a cpa or something.

Mark

bausch · 03-02-2008, 01:13 AM

Quote:

Originally Posted by Bojangles

Great. Thanks. Anymore suggestions as to what I could write off? I could write off the price I pay for internet service, right?

You wrote off anything and everything that you use in your business,

hosting
cable
phone
pc
desk
chair
pencil
paper
any scripts
programming work
designer work
printer
partner accounts
if u go to conventions write off hotels/airfare/meals
write off CPA costs/legal fees

just common sense basically

sicone · 03-02-2008, 01:15 AM

If you don't know what you are doing, I would suggest getting a professionals help... not H&R Block

fuzebox · 03-02-2008, 09:23 AM

Quote:

Originally Posted by esnem

expense it as advertising

wait.... people pay taxes?

03-01-2008, 01:19 PM	#1
Bastian Confirmed User Join Date: Jul 2001 Posts: 140	Taxes: Do you write off your paid partner accounts? Do you write off your paid partner accounts or paid toplinks? And if so, what do you report them as? IE how do you title this particular expense. Also, any audit stories would be appreciated. __________________ [

03-01-2008, 01:33 PM	#2
cybermike Confirmed User Join Date: Jan 2002 Location: Ny Posts: 4,113	everything related to the business is a business expense __________________ Hey surfers how about some The Best Porn Sites

03-01-2008, 01:56 PM	#4
Paparazzi Confirmed User Join Date: Mar 2002 Posts: 3,488	ofcource you should. Like mike said "advertising". You should write off everything you can like; domains, banner spots, submit passes, hosting etc... __________________ Pure Level(3) Premium Bandwidth When Quality Counts

03-01-2008, 02:03 PM	#5
selena Confirmed User Join Date: Aug 2004 Location: On The Edge Posts: 7,994	I put those down as advertising, and any ppc type of thing down as a traffic purchase. __________________ ~ Doer of Things at MetArtMoney Where Flawless Beauty Meets Art ~The MetArt Network ~ selena.delgado9

03-01-2008, 02:16 PM	#6
candyflip Carpe Visio Industry Role: Join Date: Jul 2002 Location: New York Posts: 43,064	Yep, as advertising like mentioned. __________________ Spend you some brain. Email Me

03-01-2008, 01:41 PM	#3
esnem Guest Posts: n/a	expense it as advertising

03-01-2008, 02:32 PM	#7
ztik Confirmed User Industry Role: Join Date: Aug 2001 Location: Nomad Posts: 5,196	You would be stupid not to write that off __________________ .

03-01-2008, 03:35 PM	#8
Diligent Confirmed User Join Date: Aug 2003 Location: Hoy Suecia, mañana Nirvana Posts: 1,594	^-- agreed. __________________ ~¤~ MORE MONEY ~¤~ VOD? XoD! ~¤~ ~¤~ ICQ# 9828 2461 ~¤~

03-01-2008, 06:03 PM	#9
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	Of course you should write those things off. Advertising expenses. Anything and everything related to your business as mentioned above. __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

03-01-2008, 06:48 PM	#10
Net Money Confirmed User Join Date: Dec 2007 Posts: 539	Yes it is an advertising expense.

03-01-2008, 06:50 PM	#11
Iron Fist Too lazy to set a custom title Join Date: Dec 2006 Posts: 23,400	Advertising as mentioned before... __________________ i like waffles

03-01-2008, 07:08 PM	#12
VeriSexy Join The Royal Family Join Date: Apr 2002 Posts: 25,463	it's a business expense, so yes __________________ Looking for a KICK ASS TEEN SPONSOR? Check out ROYAL CASH - THE KING OF TEEN! Incredible webmaster tools FHGs, Morphing Blog and RSS Feeds, Embedded FLV & WMV Videos. With TOP RATIO Sites like TeenStarsOnly.com - Earn $$ with our New Site & Bonus Payouts!! ATMovs.com \| iTeenVideo.com \| TeenSexMovs.com \| TeenSexMania.com

03-01-2008, 08:29 PM	#13
Nurgle Confirmed User Join Date: Feb 2001 Location: Land of OZ Posts: 2,337	if ure paying tax on your earnings of course you have to claim them!~ __________________ I am not a megalomaniac.. I just rule the world Need Quality Hardlinks? We have several packages and custom deals available. High Quality Hard Links For Sale ICQ: 394016570

03-01-2008, 09:22 PM	#15
Bojangles Confirmed User Join Date: Apr 2007 Posts: 5,419	Can you write off a script purchase for your website? If so, what would be the title for that? Don't want to high-jack this thread, but I guess his question has already been answered anyway.

03-02-2008, 12:35 AM	#18
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03-02-2008, 12:50 AM	#19
BluMedia Confirmed User Industry Role: Join Date: Dec 2002 Location: Colorado Posts: 3,973	God damn I am surprised basic things business owners don't know. I would highly suggest learning more because some of you are probably losing a shitload of money if you don't know if you can write off something for your business. I would suggest talking to a cpa or something. Mark __________________ IntenseCash - If you can't convert us then you might want to look for a new job . BrokeStraightBoys.com converting 1:124 stats counted by Nats

03-02-2008, 01:15 AM	#21
sicone Retired Industry Role: Join Date: Jan 2004 Location: Sac Posts: 18,453	If you don't know what you are doing, I would suggest getting a professionals help... not H&R Block __________________