Taxes

[brownhatter]

I hate the IRS they are illegal but they still come after you.

All credit card transactions and paypal will be report to the irs then

 

[WayneDog]

Buying a car and deducting it as a business expense doesn't work

Not necessarily true. There are a few ways you can buy a car and write just about all of it off if you stay withing the IRS guidelines.

 

[DirSP]

Rule of thumb, don't fuck with the taxman.

 

[johu]

Not necessarily true. There are a few ways you can buy a car and write just about all of it off if you stay withing the IRS guidelines.

I was referring to the fact that you can't just write it off outright - You need to depreciate it/account for it based on certain IRS rules, and that you'll definitely need to keep proper documentation to back everything up in case of an audit.

 

[DanBo]

I'm going to find out more monday, but from what I have been told if you have an LLC, you can elect to file as an s-corp or c-corp instead of doing on your personal return and this will give many more options for deductions.