"Writing it off on my taxes" at DVinfo.net

Go Back   DV Info Net > And Now, For Something Completely Different... > Taking Care of Business

Taking Care of Business
The pen and paper aspects of DV -- put it in writing!

Thread Tools Search this Thread
Old March 20th, 2006, 01:52 PM   #1
Major Player
Join Date: Nov 2004
Location: St Louis, MO
Posts: 227
"Writing it off on my taxes"

On a movie I worked on the producer was sure to get reciepts for everything. Reason being it is somehow possible to create a one-man production company and write things off for taxes.

I'm an HR-Block kind of guy and was never good at doing taxes, can someone explain what this producer was doing?
(insert long list of expensive stuff)

Last edited by Jeff Miller; March 20th, 2006 at 03:55 PM.
Jeff Miller is offline   Reply With Quote
Old March 20th, 2006, 02:08 PM   #2
Major Player
Join Date: Nov 2005
Location: Jupiter, FL
Posts: 565
If you work as an independent contractor you can write off things such as meals, gas, mileage and so on. Talk to your accountant about it and they will tell you in more detail what you can and can't write off. I worked as an independent contractor last year and was able to write off many things related to my work. I also formed an L.L.C. this year. Not too bad in Florida. It cost me about $500.00 to form the company. This way you can write off everything related to your business/work. I am the only person working for my company at this time, so to answer your question yes you can do this.
Also check out www.mycorporation.com. It's fairly cheap to incorporate and there are tax advantages to doing so. Hope that helps.

Mark Bournes
Shark Video Productions
Mark Bournes is offline   Reply

DV Info Net refers all where-to-buy and where-to-rent questions exclusively to these trusted full line dealers and rental houses...

Professional Video
(800) 833-4801
Portland, OR

Omega Broadcast
(512) 251-7778
Austin, TX

(973) 335-4460
Mountain Lakes, NJ

Abel Cine Tech
(888) 700-4416
N.Y. NY & L.A. CA

(800) 238-8480
Glendale, CA

Precision Camera
(800) 677-1023
Austin, TX

DV Info Net also encourages you to support local businesses and buy from an authorized dealer in your neighborhood.
  You are here: DV Info Net > And Now, For Something Completely Different... > Taking Care of Business

Thread Tools Search this Thread
Search this Thread:

Advanced Search



All times are GMT -6. The time now is 10:52 PM.

DV Info Net -- Real Names, Real People, Real Info!
1998-2015 The Digital Video Information Network