Tax Question: deductions for site content props

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  • gornyhuy
    Chafed.
    • May 2002
    • 18041
    #1

    Tax Question: deductions for site content props

    Lets say for sake of argument that you build a site thats all about fucking chicks in a particular boat. Every episode is filmed on the boat in different locations.

    Obviously the site is a revenue generating asset that you are building, and one of the main expenses for building that site is the purchase of the boat, trailer, truck, fuel, accessories, etc. as well as marina fees, lodging, insurance, maintenance and the like(as well as the cameras, mics, etc).

    SO, assuming that every time you take the boat out you shoot a scene, is it legit to expense/deduct all those boat and marina type of expenses against all your company revenue for tax purposes?



    icq:159548293
    Tags: None
    • gornyhuy
      Chafed.
      • May 2002
      • 18041
      #2
      I should have put (big titty pics!) in the thread title I guess.

      icq:159548293

        Comment

        • CrkMStanz
          Confirmed User
          • Jan 2008
          • 517
          #3
          Depends on the taxlaws of wherever you file your taxes

          Only a tax accountant for your filing country can answer

          I believe that the answer for me is yes - but i'm sure i'd face an audit
          believe me - without free porn, just as many people will seek porn out on the Internet, and many more will pay if there is no free alternative, its not like sex is a fad - it can be milked much like any renewable resource - long term

          i wasn't born with enough middle fingers - Marilyn Manson

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            • AlienQ - BANNED FOR LIFE
              best designer on GFY
              • Mar 2003
              • 30307
              #4
              You can buy a boat once and use it only once and use it as a tax deduction.

              Hollywood does this all the time.
              So the answer is yes.

                Comment

                • WiredGuy
                  Pounding Googlebot
                  • Aug 2002
                  • 34517
                  #5
                  You'll have to show that you used the boat extremely frequently for your business (ie: 90% of the time its used). Otherwise an auditor will simply say you could have rented it.

                  So be prepared to actually do filming and content production on the boat and not trying to buy a boat for your own use and making it look like its a business write off.
                  WG
                  I play with Google.

                    Comment

                    • The Heron
                      Confirmed User
                      • Apr 2001
                      • 4496
                      #6
                      Install internets and say you work on it and it's your office! haha

                        Comment

                        • gornyhuy
                          Chafed.
                          • May 2002
                          • 18041
                          #7
                          Originally posted by WiredGuy
                          You'll have to show that you used the boat extremely frequently for your business (ie: 90% of the time its used). Otherwise an auditor will simply say you could have rented it.

                          So be prepared to actually do filming and content production on the boat and not trying to buy a boat for your own use and making it look like its a business write off.
                          WG
                          If it weren't a porn site, but was more of a niche content site with appropriate affiliate links, adsense, etc, then you could post a review of the marina, photos of the facilities, details on a map, etc every time you took it out - that would be 100% of the time and should pretty well legitimize the whole operation.

                          But I could still see this as being a big red flag for auditors to dig in.

                          icq:159548293

                            Comment

                            • Machete_
                              WINNING!
                              • Oct 2002
                              • 14579
                              #8
                              you could, but it would mean you could never EVER use it privately, and you need a income that supports the writeoff

                              The reason why I know this, is because we researched it for a PilotForum in Florida 3 years ago
                              Last edited by Machete_; 11-12-2008, 11:51 AM.

                                Comment

                                • beemk
                                  CLICK HERE
                                  • Jan 2002
                                  • 20829
                                  #9
                                  you would have to prove its only for content and not fishing and water skiing. im sure even if its legit its a red flag. dont take my advice though, talk to an accountant.
                                  I host with Vacares

                                    Comment

                                    • gornyhuy
                                      Chafed.
                                      • May 2002
                                      • 18041
                                      #10
                                      Originally posted by beemk
                                      you would have to prove its only for content and not fishing and water skiing. im sure even if its legit its a red flag. dont take my advice though, talk to an accountant.
                                      I have the question into my accountant in advance of a meeting early next month, but to be honest I don't think these stuffed shirt types really understand the internet very much.

                                      I think it is 100% legit, but it may be too much trouble to pursue, and may get me audited for no reason.

                                      icq:159548293

                                        Comment

                                        • tony299
                                          lurker
                                          • Aug 2002
                                          • 57021
                                          #11
                                          Originally posted by gornyhuy
                                          I have the question into my accountant in advance of a meeting early next month, but to be honest I don't think these stuffed shirt types really understand the internet very much.

                                          I think it is 100% legit, but it may be too much trouble to pursue, and may get me audited for no reason.
                                          if your cpa doesnt understand what you do.time to get another one.

                                            Comment

                                            • aniloscash
                                              Confirmed User
                                              • Oct 2008
                                              • 1161
                                              #12
                                              in the us you would have to write that off by depreciating it over a number of years. I believe its 10 years thats why on investment property a lot of times owners sell it so they have another property to depreciate over time.

                                              but best financial advise would be to rent the boat for the few hours you need it and lower your costs. spend that money elsewhere so you dont tie up too much of your cashflow.
                                              Got Milf Traffic Contact Me ICQ 473236446
                                              j (at)anilos (dot)com
                                              http://www.aniloscash.com

                                                Comment

                                                • IllTestYourGirls
                                                  Ah My Balls
                                                  • Feb 2007
                                                  • 14311
                                                  #13
                                                  take a picture of your dick every time out.

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