tax write off's - GoFuckYourself.com

Chris · 03-21-2008, 04:53 PM

when you write off your internet bill what % do you write off?
same question for cellphone

also can i write off epassporte/paypal fee's (not the atm fee's but withdraw fee's )

GrouchyAdmin · 03-21-2008, 05:01 PM

Enjoy the audit.

slapass · 03-21-2008, 05:03 PM

Not sure why the audit thing as yes to all of those.

GrouchyAdmin · 03-21-2008, 05:05 PM

Quote:

Originally Posted by slapass

Not sure why the audit thing as yes to all of those.

"Don't ask a bunch of webmasters that commonly use various online payment systems to hide money about writing things off."

dennisthemenace · 03-21-2008, 05:13 PM

100% net connection 100% cellphones 50% house phones

Sosa · 03-21-2008, 05:44 PM

Quote:

Originally Posted by GrouchyAdmin

Enjoy the audit.

please.... not if you do things right

DigitalPimp · 03-21-2008, 05:49 PM

Like any expense you write of that portion of which you used for business purposes

Penny24Seven · 03-21-2008, 07:30 PM

get a house phone and write off the cell all as business, That way you do not have to do a %, house goes by what % is used by your business I think. My office is 550 square feet, two bedrooms for storage or like 40% I think. A good tax man will kn ow all this. It is worth it to have someone do it that knows. Some simple stuff will pay for the fees 10 times over

After Shock Media · 03-21-2008, 11:18 PM

Quote:

Originally Posted by Chris

when you write off your internet bill what % do you write off?
same question for cellphone

also can i write off epassporte/paypal fee's (not the atm fee's but withdraw fee's )

Your 03 join date combined with these questions startles me.

The percentage of your internet service fee would be the percentage used for business usage. I personally can legally say its 100% and survive a strict audit. I have two internet lines coming into the house, with two different wireless connections. One if for personal use and one for business. Same goes for our phones. We each have a business line and then there is one personal line to share. Our cell phones are for business and are paid directly from our business account.

Of course since we use business accounts and they are what is tied to the e-payment methods I have no issue writting off those fee's. I also make damn fucking sure the accountant notes down every penny from e-payments, specially epassporte as it is offshore. We also do not intermingle funds.

Now some may write off 100% of their internet and only have say 1 internet account. Yet for some silly reason their bank records show them paying for a WoW account etc. That alone could be bad. Same with some dual usage on your house or apartment if not done very correctly. We personally have one room devoted purely to office stuff and that to can withstand scrutiny. I also do not try to stretch my write offs or get creative. My dog is not a security system, my vehicle only gets the actual documented and tracked milage, and so forth.

03-21-2008, 04:53 PM	#1
Chris Too lazy to set a custom title Industry Role: Join Date: May 2003 Location: icq: 71462500 Skype: Jupzchris Posts: 27,880	tax write off's when you write off your internet bill what % do you write off? same question for cellphone also can i write off epassporte/paypal fee's (not the atm fee's but withdraw fee's ) __________________ [email protected]

03-21-2008, 05:01 PM	#2
GrouchyAdmin Now choke yourself! Industry Role: Join Date: Apr 2006 Posts: 12,085	Enjoy the audit. __________________ AIM: GrouchyGfy

03-21-2008, 05:13 PM	#5
dennisthemenace Confirmed User Join Date: Feb 2003 Location: In the present moment Posts: 2,668	100% net connection 100% cellphones 50% house phones __________________ All the best to you

03-21-2008, 07:30 PM	#8
Penny24Seven So Fucking What Industry Role: Join Date: Jun 2007 Location: USA Posts: 6,287	get a house phone and write off the cell all as business, That way you do not have to do a %, house goes by what % is used by your business I think. My office is 550 square feet, two bedrooms for storage or like 40% I think. A good tax man will kn ow all this. It is worth it to have someone do it that knows. Some simple stuff will pay for the fees 10 times over __________________ Our site is coming soon. It will be one of the best ever! I know so. Brian and Penny

03-21-2008, 05:03 PM	#3
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	Not sure why the audit thing as yes to all of those.

03-21-2008, 05:49 PM	#7
DigitalPimp Confirmed User Industry Role: Join Date: Jun 2003 Location: Los Angeles, CA Posts: 512	Like any expense you write of that portion of which you used for business purposes