Are proxies tax deductible?

J

jmcg2

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do you like say 'i invested in proxies', or perhaps pass and pay taxes on the profits lost to such investment seeing it'd make u look a tad wee bit suspicious?
 
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If you form a corporation, then you can write them off as a cost of doing business. Same thing with hosting, domain purchases, etc.
 
hitman247 said:
If you form a corporation, then you can write them off as a cost of doing business. Same thing with hosting, domain purchases, etc.
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yea but surely it looks awful to our tremendously litigious society to say u bought proxies. imagine ur inspected by the IRS... then you'd have to define each and every cost, or am i wrong? i love it, but it would raise a red flag and further investigation maybe?
 
s0ap_ said:
If you are audited by the IRS, that will be the least of your problems. There are legitimate uses for proxies in any number of business environments - there isn't any need to lie about it unless you are using them to spam whitehouse.gov or pop firewalls at the DoD or something.

Why are you worried about this, it isn't even tax season?
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what legitimate uses are there to a huge bunch of proxies?
so you'd say u bought a bunch of them to make 20 twitter, youtube and craiglist accounts? wouldnt you be sued by some kind of ToS holier than thou association like the MPAA with movies?
 
I'm not a tax professional (however I AM married to one, lol!). Wouldn't the cost of proxies be just like any other business expense? I don't pay for them personally, but if I did, I'm pretty sure I would deduct their cost from my income.
 
Christie01 said:
I'm not a tax professional (however I AM married to one, lol!). Wouldn't the cost of proxies be just like any other business expense? I don't pay for them personally, but if I did, I'm pretty sure I would deduct their cost from my income.
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You'd be a fool if you didn't.
OP is stressing way too much about this.
 
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