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  1. #1
    Join Date
    January 18th, 2005
    Wondering if/what anybody on here uses for deductions to offest cj income as reported to IRS.
    ie...internet access, marketing fees,

    Guitar mall

  2. #2
    Super Sh!t Stirrer SSanf's Avatar
    Join Date
    January 18th, 2005
    Of course. If you have to pay taxes on the money you earn it is only fair to deduct the costs of earning that money.
    depreciation on the computer, cost of second phone line or DSL service, ISP, hosting, any long distant calls about your service and so forth, office space and furnishings if relevant - all deductable. [img]/infopop/emoticons/icon_smile.gif[/img]

    [ 01-02-2002: Message edited by: SSanf ]

  3. #3
    Resident Genius and Staunch Capitalist Leader's Avatar
    Join Date
    January 18th, 2005

    Advertising (PPC etc.), hosting, non-game software, Wordtracker, printer paper, software instruction books, etc. all get taken off.

  4. #4
    Join Date
    January 18th, 2005
    Health Insurance, related auto & travel expenes {Trip to CJU}, postage, subscriptions, etc.

    Get a good accountant.

    The Tax Man still taketh a bunch. [img]/infopop/emoticons/icon_biggrin.gif[/img]

    [ 01-04-2002: Message edited by: $$$$$ ]

  5. #5
    Full Member
    Join Date
    January 18th, 2005
    I think to deduct health insurance you have to have a business structure set-up and pay for the health insurance through the business. I think.

  6. #6
    Join Date
    January 18th, 2005
    That's correct Hershey.
    I incorporated my home based web businesses and found 10 other guys/gals that work at home. We formed a insurance group and purchase health and dental with the same buying power as the big guys.

    Anyways since each of our incorporations pays our own salary and benifits the incorporation is allowed the deduction.

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