Website Tax Question

Discussion in 'Accounting and Taxes' started by Joeychgo, Nov 9, 2012.

  1. Joeychgo

    Joeychgo
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    I currently own a number of websites and am profitable...

    I am curious about deducting certaing expenses related to developing content.

    If, for example, I started a travel web site.... And to provide content for the site, I traveled. Would I be able to deduct the costs of that travel?

    Say I took a 7 day cruise. Reviewed the restaurants and food, onboard activites, and ports of call on this travel website I have created.... Could I then deduct the costs of the cruise as a business expense?
     
  2. Fergal

    Fergal
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    Your tax situation will depend on where your business is based and registered, is that something you can tell us?
     
  3. Joeychgo

    Joeychgo
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    Im in the USA -- Chicago area
     
  4. Jerlene

    Jerlene
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    If you actually registered the site as a business and are making more than $600 in revenue then you are allowed(you actually have to) claim it and those trips would indeed be tax deductible.
     
  5. MoneyTrack

    MoneyTrack
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    I would suggest finding a CPA that specializes in dealing with the IRS. In the Chicago area you will easily be able to find one that you can consult with for a small fee, or maybe even free. They will offer limited advice in hopes of developing a relationship with you.
     

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