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Tax Season: Part II!

Discussion in 'Business & Tax Advice' started by sn0rt, Jan 9, 2013.

  1. sn0rt

    sn0rt Elite Member

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    Occupation:
    "Most obstacles melt away when we make up our mind
    Location:
    "Knowing is not enough; we must apply. Willing is
    So I posted a thread a few days ago on claiming my affiliate earnings for 2012.

    Here's the update:
    I've spoken with an accountant and they've given me a form to fill out for them. This form is NOT an official IRS form, it's simply a worksheet to help them prepare all my deductions.

    With that being said, I need some help coming up with a list of deductions. I'm an affiliate with a membership site (hope this helps). I own a few domains and I have come up with a couple of costs already:
    Domains, written articles and video work (views etc).

    I don't use adwords.

    Thanks in advance.

    +reps
     
  2. pixelgrinder

    pixelgrinder Jr. VIP Jr. VIP

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    Home Page:
    Internet, cellphone, computer/monitor/desk/chair, your office rent (you can deduction a portion of your rent/mortgage for the area your office is if you work from home), advertising (adwords, etc), SEO costs, website costs (hosting, domain)
     
  3. lerenard

    lerenard Newbie

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    + any software / book / method that helps with your work, e.g. SEO software, ebook about webhosting, etc...
     
  4. burnett4congress

    burnett4congress Jr. VIP Jr. VIP Premium Member

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    I'd probably try a different accountant. The good ones will interview you and ask you questions because they have a good idea of the things that can be done.
     
  5. loclhero

    loclhero Supreme Member

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    Fuck all of that. Unless you have made insane money, just buy Turbotax Home and Office. I've made over $100k/year for a long time (not including 2012 which sucked) and have used it. I wouldn't pay one of those cpa dickshits a dime. Get the software and it will walk you through every deduction you can take.
    But for starters, and assuming you kept receipts, every thing you bought or paid for that went to MAKE money, is deductible. The list is too long to even get into including a home office if you own a home.

    <edit> Just saw your other post. Trust me dude, just spend the 80 bucks on TT. Don't waste your fucking time with a cpa who is going to make you grab all your records and receipts anyway and then use basically the same software and then charge you 400 bucks.
     
    Last edited: Jan 9, 2013
  6. Zapdos

    Zapdos Power Member

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    Location:
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    Domain name
    Hosting
    Servers
    SEO software
    Advertising (PPC, Media buys, newsletters, prints, design)
    Subscriptions (WF, private membership sites)
    Internet (partial if used for personal as well)
    Cellphone (partial if used for personal as well)
    Hardware used for business (bought new monitors, computers, laptops, PDAs, tablets etc)
    Space used exclusively for business (ex: home office) and everything in it. Desk, chair, lights, heating/cooling
    Restaurant visits or otherwise meeting with clients


    As said above, just get Turbotax.
     
  7. carlikito

    carlikito Regular Member

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    Don't overcomplicate things, contrary to popular beliefs doing your taxes yourself (most people) is quite easy. If you can install wordpress you can do your taxes.

    I've use HR Block online for years, not one issue at all. They have all the forms needed and the system walks you to every step.
    Save your money and frustrations.
     
  8. TrulyReal

    TrulyReal Registered Member

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    I actually prefer Turbo Tax. You can write off anything business related above so long as you document it keep receipts, online statements, etc About being creative maybe your internet phone bill and cell phone like the other people mentioned above.
     
  9. martha4

    martha4 Newbie

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    dnt make the things more complicated.doing your taxes yourself is quite easy.
     
  10. bjmcmillian

    bjmcmillian Newbie

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    "localhero"

    100k? What do you do?