Taxs and online business

Discussion in 'General Business' started by DonKon, Apr 30, 2009.

  1. #1
    If you register a business which is purely online, can you claim things like adwords/ msn, yahoo and other advertising, domains, hosting and other things online and offline for tax deductions? Thanks
     
    DonKon, Apr 30, 2009 IP
  2. mjewel

    mjewel Prominent Member

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    #2
    You can deduct those expenses if they are related to your business income. You don't need to register a business to claim the deductions, however, local or state authorities may have requirements to do business at your location.
     
    mjewel, Apr 30, 2009 IP
    mentos likes this.
  3. DonKon

    DonKon Well-Known Member

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    #3
    hmm btw im from canada. Can you give me more info why i don't need to register the biz. Someone wants to hire me for marketing, and wants my ssn for tax purposes, how can i claim things like adwords, hosting which i will use to market this persons business?
     
    DonKon, Apr 30, 2009 IP
  4. mentos

    mentos Prominent Member

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    #4
    You need register the biz in order to get the tax deduction as your biz expense.
    However if you don't have registered biz,you'll not be able to claim tax deduction coz the hosting/domain expenses is for biz purposes
     
    mentos, Apr 30, 2009 IP