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  1. #1

    Anyone here have basic knowledge about US tax for businesses?

    Hello, before I contact H&R block and annoy their representatives with my new guy questions, I was curious to know if someone could talk to me via pm regarding a few basic questions regarding business tax in the US. My sites started out non profit and later grew from there and during the past year I have paid a lot of money for servers, domains, and freelance programming so I wonder if all of those business expenses can be tax deductible. Please send me a pm if you would like to help and I will not harass you with questions I only have a couple. Thanks

  2. #2
    Join Date
    Mar 2003
    Location
    California USA
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    13,681
    They are all deductibles. However if you have not paid estimated taxes this year and you consider yourself self employed, you are looking at a penalty added on to your taxes, because you have not paid the irs any withholding. You also have to pay income tax + self employment tax (15.3% of your income)
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  3. #3
    Join Date
    Feb 2002
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    Vestal, NY
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    1,381
    I hate taxes!
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