Hi I'm self employed on the internet and I was wondering where I would put my hosting costs for the year and the domain costs in the tax form. I'm from USA. Your help would be appreciated.
You should hire a tax accountant. At least for this year. There's a lot of creative stuff you can do...and the $150 you spend will pay for itself many times over.
Could you have posted this 2 months ago!! That just hit me that I didnt add that in my taxes. Since I pay $400 a month in hosting it probably would have been a good idea. I cant answer your question though, just had to make a comment.
Lol yea.. I just thought of it right now and I would hire a tax accountant but I'm looking for the free way out
Internet connection = deduction Cars = deductions Printer ink = deduction Gas = deduction Computers = deductions Cell phone bill = deduction The list goes on...and on.
Hosting, domain, PPC spending can be used as expense. however, you are going to spend sometime explaining to your accountant what those are
They are considered business expenses.....I wrote off all mine as well...be careful though..I wrote off my computer, but it is 5 years old, so I had to factor in how much it is actually worth (I think I claimed 500$ total for computer, printer, and software)...get yourself a tax person to make sure.