Creative Tax Write Off's

[bonustreak]

I can sure use some creative tax write off's any ideas

 

[Guard Dog]

If you own a corporation (i.e., C-Corp, S-Corp, LLC), you should be able to do the following:

* write off utilities which represent the spatial area of your office (i.e., if your office is 100 square feet and your house is 1000 square feet, write off 10% of your utilities)
* pay rent on that office space, eliminating some of the income's double-taxation
* write off ALL office needs: printer, printer ink, paper, pens, hard drives, monitors, computers... whatever you are using for your business, make them business-owned property
* write off contractor costs (of course)

Those are just a few of the things I do off the top of my head, anyway

 

[LandofOz]

If you work from home and you are using a back to base alarm monitoring service for your house, then you can write that off.

 

[Online18Casino]

All bank fees of course, they really add up with the incoming wire fees.. this is more obvious then creative...

 

[Guard Dog]

All bank fees of course, they really add up with the incoming wire fees.. this is more obvious then creative...

I love when people say obvious and then I realize I'm the stupid one for not doing this Thanks for the tip!! Can't believe I ever missed that one.

 

[Online18Casino]

haha welcome. I almost didn't post that one, glad I did.

 

[bonustreak]

I love when people say obvious and then I realize I'm the stupid one for not doing this Thanks for the tip!! Can't believe I ever missed that one.

Well damn I never did that either!!!