Domainers: Get Prepared for Tax Time

Discussion in 'Domain Names' started by domainvale.com, Nov 12, 2013.

  1. #1
    Flipping domains can be interesting when you are doing it right. Filing tax can be confusing for the newbies, dealing with inventory expense and revenue generated from parking or redirection. Domain Names are considered as property because of its economy value.

    Writing off expenses can be determine by the category you are. The three main category are

    1. Domain Name Developer
    2. Domain Name Dealer
    3. Domain Name Monitizer

    For the experienced domainers, world you recommend using any CPA in this situation?
     
    domainvale.com, Nov 12, 2013 IP