The 2010 Tax Write Off Checklist Resource.
 

Scripts (strongbox, pennywize, smart thumbs, arrow trader, tradeexpert, cms, nats etc)
Software (dreamweaver, photoshop, thumbsplus, etc)
Hosting, Colocation, Bandwidth
Content Purchases
Models , Clothing, Travel expenses related to her getting to the shoot.
Camera / Photo Equipment
Domains
Hosting
Programmers / Hired Help
Interest On Business Credit Cards
Car Payment
Office Rent or % Of House Payment if work from home.
ISP Service (DSL, Cable,Wifi)
Computer Equip. monitor, Servers, Routers, video, sound, capture cards)
TV, VCR, DVD player, Xbox (research and development or hell Break room decor and equip)
Office Equipment (paper, pens, furniture,print materials, decor)
Advertising (print, banner spots, tgp listings, business cards, sig whores, seo, traffic purchases)
CCBILL , Epoch, etc Service Charges, Check Fee's, Wire Fee's
paypal Fee's
Chargebacks, refunds, Lost merchandise / inventory
Purchase of new web properties (websites, domains, etc)
Office Electricity & Water bill
Legal Expenses
Business attire (pimp suits, hawaiian shirts, pants)
Business Lunches (strip clubs, etc) gotta entertain the business partners
Hotel Stay
Merhant Account Fee's and service charges
Authorize.net / itransact etc monthly service
Postage / Shipping / Packaging
Phone (office, cell, etc)
gas
business / car insurance
car maintence
travel expenses (airfare)
printer ink
designers (design jobs, banners, tgp templates)
employee lunches & outings
client lunches / dinners
VEGAS PERIOD!
Visa Registration
Accountant Fee's Service Charges
Office Housekeeping :-)
Business Liceanse
Corp Reg Fee's & Renewals
Resellers Permit
Dry Cleaning Bills
Safe deposit box rental fee / PO BOX
Investment management or investment planner's fees
Corp Creation costs, and yearly renewals
Groups / Associations you might be afiliated with ie BBB, clubs or associations
ebay listing fee's
ebay tools & services
business related reading materials (newspapers, magazines etc)


If you have a stock that went out, like the company is gone, and you lost everything, then you can deduct the amount of the purchase. If you sold a house, any construction before the sale is also deductable.

Not sure where this falls but....
MIA Designers, Progammers that never complete the job and you have a deposit outstanding.

Also I am sure this could be applied for defunct clients....


Employee Tax
Employee Insurance
Employee Benefits , Bonus, Gifts


Many individuals sell stocks that show a loss at year-end to reap a tax writeoff. Making the wrong move after the sale, however, can prevent these taxpayers from claiming deductions, warns Bob D. Scharin, editor of Warren, Gorham & Lamont/RIA's Practical Tax Strategies, a monthly journal written for tax professionals.

This harsh consequence comes from the "wash-sale" rule. It prevents you from selling shares at a loss and then reacquiring substantially identical ones within 30 days before or after the sale. You may be tempted to sell and repurchase if you think the loser you have been holding is finally on the verge of a rally. "In essence, the rules are designed to prevent you from claiming a loss deduction while your investment position remains substantially unchanged," Scharin explains.

The 30-day period is not impeded by year-ends. Thus, if you sell stock at a
loss on December 30, 2004, and buy it back on January 10, 2005, your 2004
loss will be disallowed.


Remember that some may not apply to you and other have stipulations on how they can be written off... ie depreciated over x amount of time, or % of total amount. So see a tax accountant and he will pick and choose which can be applicable to you.

Off note writeoff's for personal life...

Alimony Paid
Child Care
Gambling Losses


**** Make sure to check with your accountant to double check *****

very nice list, thread subscribed.

Add any other write off's or things that may have changed in tax law that are not able to be written off anymore.

This is very usefull thank you, i have a few questions though that i figure i will clarify them with an accountant but i would like to have an idea about taxes.
I have only been in US for 4 years and this is my first where i wont be getting a refund , on the contrary.
My question is besides the self employed tax of 15.3 % plus the state tax % , any other tax applies for us who have a 1099 and work for ourselves?

If this question sounds dumb, again this is my first year in this situation since i moved to US .

I hit a total company max deduction issue, and of course eat the 15% self employment tax. I'm thinking I need to open multiple companies to run expenses through.. who has the time *sigh*

bump for a nice business thread

Any more writeoff ideas post them

Chargebacks don't know about that one

nice thread man thanks :)

I gotta go through this every month because I have to square up on taxes every month... I guess its better then having to light $40-50k on fire at the end of the year though

good list, but isn't it a little early for that?

have detailed receipts for everything! that state from who, where the person/company is, what it was for, etc. epass transaction statements won't cut it if you are being audited.