Business Plan Question

Bill · 2006-03-02, 07:56 PM

What caused them concerns as a sole prop that disappeared as a corp?

My experience has been the opposite, in general.

walrus · 2006-03-02, 08:52 PM

Maybe it was that I just got on the wrong side of an auditor or two but I don't get the questions about depreciating equipment, cars, etc. I used to as a sole. Also, since I travel a lot, I haven't been asked about those expenses as much. It seemed like as a sole, every 7 day business trip..or 14 or multiple there of got questioned as to amount of personal time.

Before I incorporated I was audited every year. Since, I have not suffered through a single audit.

Bill · 2006-03-02, 09:12 PM

That could explain it, even in my offline businesses I didn't do a lot of travel and entertainment expenseing. And since I don't go to the conventions I haven't had such expenses for my online business. Travel and entertainment are audit bait - so I tend not to expense the few things that I legally could.

So far I've not been audited - I guess that means I'm not being agressive enough in my expenseing. ;-}

walrus · 2006-03-02, 10:56 PM

I would compare an IRS audit to being analy raped by a cactus.

2006-03-02, 08:52 PM	#2
walrus Oh no, I'm sweating like Roger Ebert Join Date: May 2005 Location: Los Angeles Posts: 1,773	Maybe it was that I just got on the wrong side of an auditor or two but I don't get the questions about depreciating equipment, cars, etc. I used to as a sole. Also, since I travel a lot, I haven't been asked about those expenses as much. It seemed like as a sole, every 7 day business trip..or 14 or multiple there of got questioned as to amount of personal time. Before I incorporated I was audited every year. Since, I have not suffered through a single audit. __________________ Naked Girlfriend Porn TGP free partner account

2006-03-02, 10:56 PM	#4
walrus Oh no, I'm sweating like Roger Ebert Join Date: May 2005 Location: Los Angeles Posts: 1,773	I would compare an IRS audit to being analy raped by a cactus. __________________ Naked Girlfriend Porn TGP free partner account

2006-03-02, 07:56 PM	#1
Bill Selling porn allows me to stay in a constant state of Bliss - ain't that a trip! Join Date: Apr 2003 Posts: 3,914	What caused them concerns as a sole prop that disappeared as a corp? My experience has been the opposite, in general.

2006-03-02, 09:12 PM	#3
Bill Selling porn allows me to stay in a constant state of Bliss - ain't that a trip! Join Date: Apr 2003 Posts: 3,914	That could explain it, even in my offline businesses I didn't do a lot of travel and entertainment expenseing. And since I don't go to the conventions I haven't had such expenses for my online business. Travel and entertainment are audit bait - so I tend not to expense the few things that I legally could. So far I've not been audited - I guess that means I'm not being agressive enough in my expenseing. ;-}