How Do You Pay For Your Interenet Service? | Help Desk

How Do You Pay For Your Interenet Service?

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3:37 am
December 10, 2012

Club Thrifty

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Here is another tax question for you U.S. peeps: do you pay for your internet service out of your business or personal checking account? Currently, we are paying for our domain name and hosting from business, but our internet service through personal. I plan to take a personal dedction on that cost. Is that the best way to do it, tax wise?

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9:05 am
December 10, 2012

Edward Antrobus

Fort Collins, CO

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I don't have a business account, I do all of my business transactions from a personal checking account. I'm not going to bother trying deduct internet as a business expense because 1)it's too difficult to separate out the time I'm blogging from liking funny pictures on Facebook and 2)my internet usage is negligible compared to that of my wife and our roommate with their MMO's.

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10:49 am
December 15, 2012

FamilyMoneyValues

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Our internet is on our personal account – like Edward, I think it would be too hard to separate it out. I do use a business account for hosting, domain names and etc… though.

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3:17 pm
December 15, 2012

BeforeYouInvest

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I pay for it out of my personal account, but on my taxes I take a % based on the amount of square footage my office takes up of my house's total footage.

My accountant then applies that % to my heat, utilities, phone and internet bills.

3:25 pm
December 15, 2012

Edward Antrobus

Fort Collins, CO

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BeforeYouInvest said:

I pay for it out of my personal account, but on my taxes I take a % based on the amount of square footage my office takes up of my house's total footage.

My accountant then applies that % to my heat, utilities, phone and internet bills.

I wold consider something like that, but my office isn't dedicated to "business" purposes. I use my computer as much for entertainment as I do for an income-generating efforts, and my wife's computer is about 3 feet from mine and is used exclusively for leisure activities such as Facebook and video games.

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4:36 pm
December 15, 2012

BeforeYouInvest

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Edward Antrobus said:

BeforeYouInvest said:

I pay for it out of my personal account, but on my taxes I take a % based on the amount of square footage my office takes up of my house's total footage.

My accountant then applies that % to my heat, utilities, phone and internet bills.

I wold consider something like that, but my office isn't dedicated to "business" purposes. I use my computer as much for entertainment as I do for an income-generating efforts, and my wife's computer is about 3 feet from mine and is used exclusively for leisure activities such as Facebook and video games.

Yea mine is really a corner of the living room that I also use for entertainment, but it's legit because I do this full time and I couldn't do my job without internet, heat, power, etc. I use my macbook for everything personal and business but again without it I wouldnt be able to do any of my work.

It certainly never hurts NOT to claim something, but if you can justify it with a reasonable argument I don't see anything wrong with it. It's not like you're writing off football tickets and going out to dinner with the wife Wink