Hehe... this is giving me an idea: I was going to start a website about cocktails for some time now...
I'm gonna go out and get wasted 5-10 times as "research"... and then write it off.
Now, will THAT work?
holy cocksmoker... had a $4 adsense click this morning... been years since I've seen one that high.
how can you check? :anon.sml:
By the way I got an answer on this... the short of it is, you can write off everything up to the point where you are profitable on the venture. In other words if the website / whatever makes money, you can write off up to as much money as it makes to cover your expenses. If it does not make any money, you can't write anything off, and you can't write off beyond the money brought in by the project.
As for the frequent flier deal, if the IRS audits you and you wrote those off, they will kick your behind. You will likely have to pay penalties, and they will likely flag you for audits in the future. If they don't audit you, c'est la vie.
To sum it i up, if your review site makes $10,000 in profit, you could write off up to $10,000 in expenses against it. Airfaire, hotel, food, transportation, pretty much every thing.
i've had some $8 YPN clicks... but those days are long gone as well.
Doesn't sound right to me.
Your saying if I invest $10,000 on my site (client meeting/research/whatever) and it fails(doesnt turn any profit) I can't write it all off as expenses when in reality it was expenses at an attempt to get my business (or another PART) off the ground.
So do you NOT write-off those domains of failed sites because the sites made you no money? ha
Can anyone verify this?
I've never had my accountant tell me "oh no you can't write that site off or x off because it didn't make as much as this other site".
So basically Engaged,
You don't make enough on your "pimp ass fucking arbi pages" to pay for a simple trip to Hawaii for a week or two?
The last one I took didn't really cost that much, and I never even thought of writing it off because it was so menial.
From what I get from your posts you are much better than 95% of the member base here and money shouldn't really be an issue when I do spend. Why the need to write it off?
Or is it really your money you are playing with? I could swear I saw a few posts where you were allowed to play with "family money" and not your own.