Posts by Benementat

1) Questions and Answers : Wish list : 'Cause I'm the taxman, yeh yeh, I'm the Taxman...... (Message 431554)
Posted 5 Oct 2006 by Profile Benementat
Post:
OzzFan is correct. I checked with my accountant and the volunteering of your hardware to science applications is non-tax deductible in the US. So your last several years taxes are wrong, and if you are ever audited be aware that you will pay some hefty fines.

(I hope someone from the IRS is not reading this thread, and deciding to flag your account.)




How about the cost of the electricity spent running the computer? That's a concrete cost that can be determined by the average crunch time per cobblestone compared to the wattage on the power supply, and then compare that to your electric bill. It's even easier if you run the system nearly 24/7, as I do. I haven't put it to the test, but I'm having my taxes done next year, and I'll be talking to my preparer about it after getting my documentation in order. It doesn't speak to the depreciation of the machine, but that doesn't really scan anyway.





 
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