Post your "creative" tax write off ideas.
 

I was having lunch with a business associate today and somehow we got on the discussion of taxes. During the discussion, he told me that he writes his dog off as "Office Equipment" to the tune of about $1,500 per year.

I'm still laughing my ass off over that one.

So...What's are some of your creative write offs?

product and research for that 1 website ive got. to the tune of 1k a month on the adv.

yup have a website for anything you own and you can write it off as research

get yourself a nice multimedia projector and use it for mostly movies

Since I am single and by proxy masterbate when I am too tired or lazy to call up a girl, so I claim my palms. Palmela (left) is a depedant and Palmera (right) is my spousal equivalent. I have considered get a SSN/SIN for Pamelra and adding her to my employeers benifits program and insuring the hell out of her. Being right handed I rely on Pamlera more than Palmela...

If you travel anywhere to meet a fellow webmaster (whether it's a show or just going to visit a single webmaster) , you can write mileage, airfare, hotel expenses, 'entertainment', and a bunch of other expenses off as business related expenses.

:winkwink:

1. anything
2. anything
3. anything

What do you need to do in each case? Just save the receipts?

donate to a tsunami relief fund because "you feel bad or want to help"

write it off

Go to strip clubs for "dinner meetings" and "lunch meetings."

:thumbsup

just turn your business in to a church

creative tax write offs are good for getting you a audit. ask choker.

:1orglaugh :1orglaugh

Strip clubs with business associates!

my dog ate my money

like benny hinn ? haahhah

thats the risk you take, he is now paying like $500 a month ,so no real harm done there

I pay all my taxes. But I know of people in the biz who have set up offshore corps, obtained visa cards on those accounts, and never paid taxes.

Stupid.

you aint kiddin.

guys like that will be doin time or will lose all their money paying uncle sam off. the irs is hip to all that shit.

its really complex to run an offshore co., not pay taxes and live in the U.S.

The Church of Pornography! :thumbsup
Maybe you can even get some high profile celebs to join.. call them Pornographists (as to not be confused with pornographer.)

Instead of a 1031 exchange.. Charitable Remainder Annuity Trust !!

if you are an entertainment compnay you may write off all your Movies, travel to other places as long as you go see or rent a movie while you are away :)
The travel is 100% deductible and meals are 50%

Fund a SEP IRA as late as dec 31st

Write of your dog food .. Your dog is used for security for your home :-) You might get in trouble with this one though.

if you need any more let me know :thumbsup

Canadian Prime Minister does it.. it's not illegal in Canada

$1248.75 for dinner for Aaron M in Vegas.

I don't discuss it with a forum full of sigwhores. I ask my accountant.


Word.

ya ok, thats what YOU think... it would suck to pay 500k when you make 1mill..

IRS is after you now, foo.



Myself? I want to write off my energy drinks and flights.

flip your accountant a extra few g's and stop asking dipshits on gfy.

$500 off for getting bruises on your knees for fucking doggystyle on work time :pimp

I can write off every movie rental, CD, DVD, magazine, toy, game, amusement park, and ANYTHING entertaining under the heading, "Research"

Gotta love the entertainment industry :)

Well the main thing they got me for was me trying to take more of a deduction for my home office, power, water etc than was allowable. We came to a agreement real fast...I pay them what they tell me I owe them. LOL

did you see WG's thread?

call me Reverend DEA :thumbsup

Creative tax write off's dont get you audited if you dont go overboard.

If you dont actually have an office built in your house, but use the kitchen, you can still take a write off. Just make sure that you follow the guide lines that the IRS gives.
If you buy something in mass quantity, like steaks or something, have a few friends over, and talk some business. Then you can write some of it off. Dont forget your phone, cell phone, pager, computers, upgrades, programs, cameras etc. they will all get you a write off.

JUST FOLLOW the DAMN rules.

my balls are insured........lloyds of london :winkwink:

I lease my cars through my company to myself for around $200 a month, that way they're a 100% business writeoff without any questions.

I've got no problem putting a couple hun a month back into my company :)

exactly
there are more than enough legal write-offs that are out there for the taking without having to get too creative...I live in Las Vegas, the most audited city in the nation, I have to be extra careful ;-)