After a wild year, it's going to be a wild tax season. The end of the year is quickly approaching, and this means it is time for domain investors to make last-minute maneuvers before their numbers are locked in for tax purposes. Income taxes ... Continue Reading1 Comment
Three tax changes U.S. domain investors should be aware of
· UncategorizedA change to 1099s, charitable deductions, and how PPP loans are taxed. 2020 has been a strange year, and there are some tax law changes to be aware of. First up is a change to 1099-MISC forms. In previous years, companies would issue Form ... Continue ReadingLeave a Comment
Your December Domainer Checklist
· UncategorizedHere are 8 things to do before the end of the year. I have my annual end-of-year meeting with my accountant today and it has me thinking about what I need to complete before the end of the year. Here are 8 things domain investors should do this ... Continue Reading2 Comments
Are you sending 1099 Tax Forms? Here’s how to make it easy.
· UncategorizedOnline 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 ... Continue ReadingLeave a Comment
7 things Domainers should do before the end of the year
· UncategorizedA 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 ... Continue Reading4 Comments
1099 Tax Form Mistakes Make Tax Time a Mess
· UncategorizedGoogle, 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 ... Continue Reading3 Comments
12 Domainer Expenses to Remember on Your Taxes
· Policy & LawHere 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 ... Continue Reading16 Comments