tax question
 

My accountant made me expense all my domains over 15 years or some shit like that. I think I explained things to her poorly. Is this normal ? I never really cared before but I bought a few pricier ones and wanted to write that shit off right away.

What country do you live in?

Does she specialize in businesses?

I've heard from some people really strange stories that their accountants have told them... makes me think one should really seek out accountants that have extensive knowledge and experience in dealing with businesses.

Hardware over X years, domains are instant. Atleast, that's why MY accountant did.

Stop asking on GFY and speak to a professional like Wesley Snipes, he will let you know how to file correctly :thumbsup

In the US my understanding is if you are in the business of reselling domains it is treated as inventory and its cost is expensed when it is resold. Otherwise if it is being used to make money it is considered a 1231 asset that can be amortized over 15 years. The yearly registration or renewal fees can probably be deducted when they are paid. If an asset and it is ever sold for more than you bought it for, I suspect one will have to pay captial gains tax.

hahaha lol

This is exactly what she said. Thanks.