Tag Archives: taxes

Thu 31st December 2015
Written by DomainNameWire in EN and tagged
Are we promulgation 1099 Tax Forms? Here's how to make it easy. - Online services make it easier to remain compliant with 1099s. If you’re a U.S. domainer that pays freelancers, contractors or a law firm, then you’re likely required to send out 1099s each year. Fortunately, there’s an easy and cheap way to do it online. First, here are examples of whom you need to send a 1099 to: Your web guy you paid to fix up or work on a website The landlord you pay rent to for your office The law firm you paid during the year to respond to a UDRP or handle a cease desist A ... read more ...
Tue 1st December 2015
Written by DomainNameWire in EN and tagged
7 things Domainers should do before a finish of a year - A December checklist for domain name investors. It’s December 1, which means the end of the year is rapidly approaching. With that in mind, here’s a checklist of things for domain name investors to complete before the end of the year. 1. Run a preliminary income statement. Knowing where you stand so far this year will help you optimize for taxes…and estimate your bill. 2. Renew, renew, renew. Depending on the tax regime where you live and your accounting method (e.g. cash accounting), now ... read more ...
Tue 3rd March 2009
Written by DomainNameWire in EN and tagged
1099 Tax Form Mistakes Make Tax Time a Mess - Google, Commission Junction among this year’s screw ups. If you’re an unincorporated domainer — that includes sole proprietors and limited liability companies — in the United States, January and February are the months of 1099s. Any company that paid you non-employee income of $600 or more is required to send a 1099 form with your total compensation paid during the tax year. 1099s are sent to the Internal Revenue Service and to you, and you’re expected ... read more ...
Thu 22nd January 2009
Written by DomainNameWire in EN and tagged
12 Domainer Expenses to Remember on Your Taxes - Here are a dozen expenses domainers should consider when filing taxes. It’s 1099 season, when domain parking companies send a flurry of 1099s to U.S. unincorporated taxpayers informing them how much they paid them in 2008. Although it’s not fun paying the associated federal income taxes (and self-employment tax), here are some expenses you can likely deduct from your revenue this year if you have proper documentation. Don’t leave any stone unturned. 1. Domain ... read more ...
Tue 26th February 2008
Written by DomainNameWire in EN and tagged
The IRS Cares What Type of Domainer You Are - Guest author Sandy K. Brooks, CPA writes about tax implications for domainers. [Editors note: Don’t look at the calendar…tax day in the U.S. is less than two months away. If you’re puzzled about how to treat domains on your tax return, this article by Sandy Brooks, CPA, will help you. Brooks is the author of Domain Tax Guide, which has been updated for 2008.] When discussing the tax implications of domaining, the first question that is often asked is, “Are ... read more ...