taxes

Your recommendation regarding VAT options on DAN.com is highly appreciated(y)

Your recommendation regarding VAT options on DAN.com is highly appreciated(y)

I saw this on a group I belonged to on Facebook.The dude said he received this letter from IRS. I am asking because I wouldn't want to fall fowl of the law when I am in this position

I saw this on a group I belonged to on Facebook.The dude said he received this letter from IRS. I am asking because I wouldn't want to fall fowl of the law when I am in this position

Have any of you gotten a 1099 (of any kind, 1099-K, 1099-MISC, etc) from a marketplace/auction site like Afternic, Sedo, etc. or other similar venue (like undeveloped) for your domain sales? What about Escrow.com? If so, can you state which marketplaces have sent you a 1099? I just realized...

Have any of you gotten a 1099 (of any kind, 1099-K, 1099-MISC, etc) from a marketplace/auction site like Afternic, Sedo, etc. or other similar venue (like undeveloped) for your domain sales? What about Escrow.com? If so, can you state which marketplaces have sent you a 1099? I just realized...

Let's say I paid $3,000 for all the domains I purchased in 2018. And say I sold $4,000 worth of domain names. Do I need to set up an LLC, or can I just add the $1,000 to miscellaneous income on my tax form ? It would be easy to produce receipts for the $3,000 in purchases if asked but do you...

Let's say I paid $3,000 for all the domains I purchased in 2018. And say I sold $4,000 worth of domain names. Do I need to set up an LLC, or can I just add the $1,000 to miscellaneous income on my tax form ? It would be easy to produce receipts for the $3,000 in purchases if asked but do you...

Ok so I recently came to an agreement with a buyer and decided the easiest way to complete the sale would be through GoDaddy. The buyer was not very experienced in domain buying and the transfer process so my thinking was that if he creates an account and I drop the BIN price on the premium...

Ok so I recently came to an agreement with a buyer and decided the easiest way to complete the sale would be through GoDaddy. The buyer was not very experienced in domain buying and the transfer process so my thinking was that if he creates an account and I drop the BIN price on the premium...

In case you missed it, we covered the news of View's acquisition of the one-word domain View.com earlier this week. Whilst the sales price has not been revealed to us by either party, one investor shed some light on the possible sales price in the comments section after speaking with the seller...

In case you missed it, we covered the news of View's acquisition of the one-word domain View.com earlier this week. Whilst the sales price has not been revealed to us by either party, one investor shed some light on the possible sales price in the comments section after speaking with the seller...

The US Congress is on the verge of passing a major tax bill that looks like it is going to have an impact on just about everyone who lives and/or pays US taxes. I am not an accountant nor do I have any tax expertise, but based on what I have been reading, watching, and observing, it seems like...

The US Congress is on the verge of passing a major tax bill that looks like it is going to have an impact on just about everyone who lives and/or pays US taxes. I am not an accountant nor do I have any tax expertise, but based on what I have been reading, watching, and observing, it seems like...

Sold a domain a few months ago, and now the buyer is asking me to "send a W9 for our tax records". Never had this before has anyone requested this from you?

Sold a domain a few months ago, and now the buyer is asking me to "send a W9 for our tax records". Never had this before has anyone requested this from you?

When I sell a domain name, my first inclination is to reinvest the funds in another domain name or several domain names. I always like to keep great domain names in my portfolio, and reinvesting helps to ensure that my portfolio continues to improve. Even with this inclination, I need to be...

When I sell a domain name, my first inclination is to reinvest the funds in another domain name or several domain names. I always like to keep great domain names in my portfolio, and reinvesting helps to ensure that my portfolio continues to improve. Even with this inclination, I need to be...

I have a portfolio of (just) 500 names and to compensate for my renewal fees and taxes, I will have to sell for about 850 dollars a month, on average, to break even. Note that I am not including any salaries, rental costs, internet and hardware expenses etc. in this "equation". How about you?

I have a portfolio of (just) 500 names and to compensate for my renewal fees and taxes, I will have to sell for about 850 dollars a month, on average, to break even. Note that I am not including any salaries, rental costs, internet and hardware expenses etc. in this "equation". How about you?