Tax Help

Xstr8guy · 04-15-2004, 07:36 PM

Help! I need to get my taxes done and I need some questions answered.

What category do I list content purchases on Schedule C?
What about hosting expenses... where do I put that on Schedule C?

**Chilihost** · 04-15-2004, 07:56 PM

One word: accountant!

seriously, taxes are different for every country and probably for every state if you are in the US, hire an accountant to get this done for you and you will not only save yourself a huge headache but prolly some cash too since they would know how to write off the max amount possible. Plus tax returns filed by accountants generally get audited less often than personally filed ones!

cheers,
Luke

Xstr8guy · 04-15-2004, 07:59 PM

Thanks for the advice... I'll definately do that next year... but I need help now

Do you have any advice for me today?

**Lee** · 04-15-2004, 08:06 PM

Chris should hopefully know more about this so ive left a msg on his answerphone for when he gets back however in the meantime hopefully this will be of help to you..

http://www.irs.gov/faqs/faq12-8.html

Other than that im truely at a loss as i dont do the returns myself

Regards,

Lee

**Gary-Alan** · 04-15-2004, 08:06 PM

X... I'm looking up the forms now, give me a sec.

GA

Xstr8guy · 04-15-2004, 08:07 PM

THANKS GUYS!

**Gary-Alan** · 04-15-2004, 08:13 PM

Ok Sorry for the delay I wanted to see what my accountant and I did the last time I did a Schedule C and the new Schedule C for this year.

Hosting went under Equipment Leasing on Line 20

Content was listed as Stock photo imagery and was listed under 'Other Expenses' (That would be part of what makes up the total in Line 48)

Hope this helps!

GA