Comments on: The IRS Paid Me $500 to Create This Blog http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/ Martial arts for personal development Fri, 19 Mar 2010 05:16:42 -0700 http://wordpress.org/?v=2.9.1 hourly 1 By: joe http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/comment-page-1/#comment-5197 joe Sat, 26 Jan 2008 23:06:14 +0000 http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/#comment-5197 blogging is a great way to make money these days i hear. high speed internet you need of course. http://t1buyersguide.com blogging is a great way to make money these days i hear. high speed internet you need of course. http://t1buyersguide.com

]]> By: poundwise http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/comment-page-1/#comment-5148 poundwise Sun, 13 Jan 2008 23:59:10 +0000 http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/#comment-5148 Note: I just saw, in an earlier post, that you may perform your deductions on a percentage basis. However, this still poses many problems. If you do not keep records of personal use v. business use, etc. then it will be disallowed. Note: I just saw, in an earlier post, that you may perform your deductions on a percentage basis. However, this still poses many problems. If you do not keep records of personal use v. business use, etc. then it will be disallowed.

]]> By: poundwise http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/comment-page-1/#comment-5147 poundwise Sun, 13 Jan 2008 23:57:06 +0000 http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/#comment-5147 You cannot deduct your computer, DSL, office supplies, etc. in full unless you use them exclusively for your Blogging enterprise. If you continue to do so, you will be in for a shock in the event of an audit. You cannot deduct your computer, DSL, office supplies, etc. in full unless you use them exclusively for your Blogging enterprise. If you continue to do so, you will be in for a shock in the event of an audit.

]]> By: Chris http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/comment-page-1/#comment-4973 Chris Sun, 02 Dec 2007 18:53:16 +0000 http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/#comment-4973 I would undertake the simplest possible setup unless you have reason to do otherwise. If you never expect to be profitable, that may impact the IRS assessment of whether your activity constitutes a business or a hobby. See the links above. I would undertake the simplest possible setup unless you have reason to do otherwise.

If you never expect to be profitable, that may impact the IRS assessment of whether your activity constitutes a business or a hobby. See the links above.

]]> By: J http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/comment-page-1/#comment-4972 J Sun, 02 Dec 2007 17:05:28 +0000 http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/#comment-4972 Hi, I'm thinking of setting up a similar blog to help write-off some of my expenses that are more yoga-related vs. martial arts related. Since I'm not expecting to be profitable in the near term (if ever) do you have any suggestions/experienses on sole proprietorships vs. LLC or being a corporation? Also do you suggest opening a business account immediately? It seems a little like overkill for something that probably won't generate much money. thanks, j Hi, I’m thinking of setting up a similar blog to help write-off some of my expenses that are more yoga-related vs. martial arts related.

Since I’m not expecting to be profitable in the near term (if ever) do you have any suggestions/experienses on sole proprietorships vs. LLC or being a corporation?

Also do you suggest opening a business account immediately? It seems a little like overkill for something that probably won’t generate much money.

thanks,
j

]]> By: FIRE Finance http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/comment-page-1/#comment-2029 FIRE Finance Wed, 11 Apr 2007 05:58:38 +0000 http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/#comment-2029 <strong>Carnival Round Up - April - Week #1!...</strong> Sunday has come to take us on a trip of the carnivals and festivals hosted this week. It has been a great week for us. We won the March Madness competition. Thanks to all who voted us to victory. Without much ado here are some great stories from the ca... Carnival Round Up – April – Week #1!…

Sunday has come to take us on a trip of the carnivals and festivals hosted this week. It has been a great week for us. We won the March Madness competition. Thanks to all who voted us to victory. Without much ado here are some great stories from the ca…

]]> By: Chris http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/comment-page-1/#comment-1803 Chris Tue, 03 Apr 2007 03:22:22 +0000 http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/#comment-1803 If you had filed a business tax return before, you would know that many expenses (including computers and home offices) are deducted on a percentage basis; it isn't all or nothing. Perhaps you should consult a tax advisor before making any more hyperbolic accusations. If you had filed a business tax return before, you would know that many expenses (including computers and home offices) are deducted on a percentage basis; it isn’t all or nothing. Perhaps you should consult a tax advisor before making any more hyperbolic accusations.

]]> By: Jeremy Stein http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/comment-page-1/#comment-1790 Jeremy Stein Mon, 02 Apr 2007 17:54:05 +0000 http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/#comment-1790 You use your computer and internet connection only for blogging? If not, you're lying on your tax forms and stealing from the government. You use your computer and internet connection only for blogging? If not, you’re lying on your tax forms and stealing from the government.

]]> By: wujimon » Blog Archive » Monetizing Blogs http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/comment-page-1/#comment-1044 wujimon » Blog Archive » Monetizing Blogs Wed, 28 Feb 2007 15:36:02 +0000 http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/#comment-1044 [...] There’s been a little buzz around the taijiquan blogosphere about monetization of blogs. Martial Development outlines how the IRS paid him $500 to create the blog and Formosa Neijia outlines some changes to his blog that include advertisement.   [...] [...] There’s been a little buzz around the taijiquan blogosphere about monetization of blogs. Martial Development outlines how the IRS paid him $500 to create the blog and Formosa Neijia outlines some changes to his blog that include advertisement.   [...]

]]> By: Chris http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/comment-page-1/#comment-1038 Chris Wed, 28 Feb 2007 03:50:26 +0000 http://www.martialdevelopment.com/blog/the-irs-paid-me-to-create-this-blog/#comment-1038 I enjoy operating this website, but if it is still losing money after 3 years, then I will shut it down. I enjoy operating this website, but if it is still losing money after 3 years, then I will shut it down.

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