1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Are proxies tax deductible?

Discussion in 'Black Hat SEO' started by jmcg2, Sep 5, 2010.

  1. jmcg2

    jmcg2 Newbie

    Joined:
    Aug 30, 2010
    Messages:
    14
    Likes Received:
    0
    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?
     
  2. hitman247

    hitman247 Executive VIP Premium Member

    Joined:
    Oct 12, 2008
    Messages:
    740
    Likes Received:
    1,851
    Occupation:
    Full Time IM
    Location:
    Your Six O'clock
    Home Page:
    If you form a corporation, then you can write them off as a cost of doing business. Same thing with hosting, domain purchases, etc.
     
  3. xiphre

    xiphre Regular Member

    Joined:
    Jun 9, 2007
    Messages:
    290
    Likes Received:
    84
    Location:
    EU
    Just write "IP Rental" or whatever ;)
     
  4. jmcg2

    jmcg2 Newbie

    Joined:
    Aug 30, 2010
    Messages:
    14
    Likes Received:
    0
    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?
     
  5. jmcg2

    jmcg2 Newbie

    Joined:
    Aug 30, 2010
    Messages:
    14
    Likes Received:
    0
    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?
     
  6. Christie01

    Christie01 Newbie

    Joined:
    Dec 21, 2009
    Messages:
    13
    Likes Received:
    1
    Home Page:
    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.
     
  7. loclhero

    loclhero Supreme Member

    Joined:
    Jun 11, 2007
    Messages:
    1,453
    Likes Received:
    2,413
    Gender:
    Male
    Location:
    Copperhead Road
    You'd be a fool if you didn't.
    OP is stressing way too much about this.