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can i expense outsourced work

Discussion in 'General Business' started by adisolutions, Apr 9, 2010.

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  1. #1
    hello guys,

    i am about to do my taxes and was wondering if i can expense the outsourced work. i had a guy who did some design work for me and was wondering if i can put it on my tax return.

    thanks
     
    adisolutions, Apr 9, 2010 IP
  2. dreadman

    dreadman Peon

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    #2
    i see no reason not to
     
    dreadman, Apr 9, 2010 IP
  3. micheallatour

    micheallatour Peon

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    #3
    In all honesty I do not see why not. It is a business expense.
     
    micheallatour, Apr 9, 2010 IP
  4. adisolutions

    adisolutions Well-Known Member

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    #4
    thanks guys - i have never done it before and just wanted to check. i have the paypal invoice and i'll use that as a proof.

    thanks again!
     
    adisolutions, Apr 9, 2010 IP
  5. Rahskull

    Rahskull Greenhorn

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    #5
    Yes you can deduct all your 'business' expenses from your income to figure your adjusted gross income. My advice is to get a file where you keep the printed receipts from paypal and make an excel file to keep up with these if you have a lot of online transactions or there are other software programs that will help you, but mainly make sure you print it out for your records in case of an audit. If you work from home you can use form 8829 to help reduce your tax liability, also. :) Good luck with your taxes!
     
    Rahskull, Apr 9, 2010 IP
  6. Barefootsies

    Barefootsies Well-Known Member

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    #6
    As long as you have your receipts, yes.
     
    Barefootsies, Apr 9, 2010 IP
  7. adisolutions

    adisolutions Well-Known Member

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    #7
    thanks guys!
     
    adisolutions, Apr 12, 2010 IP
  8. joebert

    joebert Well-Known Member

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    #8
    joebert, Apr 14, 2010 IP
  9. lukeg32

    lukeg32 Peon

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    #9
    Asking your accountant, not people on a forum.
     
    lukeg32, Apr 14, 2010 IP
  10. dr2000

    dr2000 Peon

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    #10
    Yes you can.
     
    dr2000, Apr 14, 2010 IP
  11. macrobiz1

    macrobiz1 Peon

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    #11
    Absolutely! Just did mine (and a huge amount goes towards outsourcing).

    Just make sure you 1099 if they are domestic.
     
    macrobiz1, Apr 14, 2010 IP