what category does "international transaction fee" etc fall in when doing taxes?

[bausch]

If its a cost associated with buying traffic

does it go it under "professional legal fees" or can I just include that under "advertising"

Please answer fast, im in a time crunch!

[Sly]

I included it with the item it corresponded with... in your case, advertising. I'm really not sure if that's the correct placement or not.

[bausch]

ok, I'll do the same then

[Sly]

Now that I think about it... that could be wrong considering that vendor will not be claiming that money as income because they never see it. Who gets that money anyway? One of the banks. I suppose it would go under the "fees" category. Now I have no idea.

[bausch]

Originally Posted by Sly

Now that I think about it... that could be wrong considering that vendor will not be claiming that money as income because they never see it. Who gets that money anyway? One of the banks. I suppose it would go under the "fees" category. Now I have no idea.

This is true. Although the some of the vendors in my case are European based so they wouldn't be declaring anything to the IRS anyways, but you are right, the income is going to the banks so it's probably more accurate to label it under "legal fees" and although it would be more practical and easier to include it under "advertising" although that would be less accurate (even though it is indeed a fee associated with the advertising cost). I will go ahead and change it under fees.

[collegeboobies]

maybe banks fees if its from a bank

[bausch]

Nah, actually it goes into the category "other expenses"

http://www.smallbizresource.com/blog...toclassif.html

The following are very common self-employed expenses that should be placed under the "other expenses" category:

* Bank/ATM fees
* Survey and research costs
* Professional "How To" Books (Web design, programming, etc.)


I am surprised they suggest putting hosting under Advertising or Utilities. I have been putting it under "equipment rental"

[After Shock Media]

Originally Posted by bausch

I am surprised they suggest putting hosting under Advertising or Utilities. I have been putting it under "equipment rental"

If you co-locate a server you own, or paid for certain equipment that is on your server then that would be equipment and could (not all can) be depreciated over a period of time.
Where your bandwidth is a utility and you can and should add in your rented server into this area too if they own it 100%. I guess you could get super anal and put your rented server cost into the equipment rental area and then bandwidth portion into the utility and so on.

[Almost Evil]

I filed mine under "stupid fees bank of america fucked me with"

[pinupglam]

You could probably call it whatever you want to. The bottom line is that it's an expense so it's deductible, regardless of the label attached to it.

[nico-t]

Originally Posted by pinupglam

You could probably call it whatever you want to. The bottom line is that it's an expense so it's deductible, regardless of the label attached to it.

quoted for truth

[woj]

Originally Posted by pinupglam

You could probably call it whatever you want to. The bottom line is that it's an expense so it's deductible, regardless of the label attached to it.

No kidding, it makes zero difference... unless you are talking about purchasing some special goods, like something that depreciates over time, I wouldn't sweat about what category to put it in...