About Darn Time – A Domain Name Tax Guide You Can Trust Has Arrived

So I’d venture a guess that 99.9% of you know Michael Cyger or as he’s more commonly called, the Domain Sherpa. Michael has built one of the most valuable educational resource in the domain world and attracted some of the top Domainers in the world to contribute on a regular basis.

One of the questions I hear almost every week and I know Michael does too is, “How do I do my taxes if I’m a Domain Investor?” Ask your accountant that question and expect a confused look. Yes, domains and taxes are two things that have never really made much sense to anyone. There was a tax guide written years ago but the author stopped updating it and no longer responds to emails and given how frequently tax laws change it’s actually dangerous to use an out-of-date guide.

Enter Michael. Partnering-up with Shawn Stack, a CPA with oodles of experience, Michael has released what is without a doubt the most comprehensive guide on domain names and taxes. Not surprisingly, it’s called the Domain Name Tax Guide.

Domain Name Tax Guide

I had a chance to read through the guide and can tell you that it really is more than a guide, it’s the Domain Name Tax Bible. So I of course reached-out to Michael and said that I love the guide and want to offer a special to you, my readers, who I think will also love it. So Michael created a coupon code that’s easy to remember – morgan – that will give you $10-off the guide.

So if you haven’t done your taxes yet, or if there’s a chance you did them wrong, now is the time to pick up the guide and either read it yourself, or pass it onto your accountant. Either way this is a book that every single Domain Investor who makes over $1,000 a year should have on their virtual bookshelf.

To buy the guide and save $10 simply go to www.dntaxguide.com and enter coupon code morgan at checkout. Enjoy and huge thanks to Michael for putting together a resource we’ve all been waiting for!

{ 9 comments… add one }

  • Cate Colgan March 26, 2014, 5:37 pm

    FYI – link not working – shows
    Error 500
    The server encountered a syntax error, and could not complete your request.
    Website owner? check your code, and your debug log, you may find a ‘parse’ error in there.
    Visitor? Try and reload it in a few minutes.

    Reply
    • Morgan March 26, 2014, 11:15 pm

      @Cate – just checked and it looks like the site is loading fine now, not sure if there were issues before but make sure to check-back now and all should be fine!

      Reply
  • KD March 26, 2014, 10:14 pm

    Great book. In my opinion there are a too many pages of IRS forms which are not the meat of the book by any means. But who likes IRS forms? It is a good read and worth the price. Good job Michael.

    Reply
  • Michael Cyger March 27, 2014, 8:38 am

    @Cate: we did have a temporary glitch as a result of someone who was programming that shouldn’t have been…me! 🙂 It was fixed pretty quickly; sorry for the inconvenience.

    @KD: fair comment. We could have gone one of two ways with the forms, include them and have a comprehensive, one-location solution to tax issues, or link off to the IRS site. Government sites are notoriously hard to navigate, move files without redirects, etc. So we decided to include the necessary tax forms in our guide. In my opinion, the shorter the actual “guide” the better. Our mission is to make tax law and guidance understandable and usable, and that’s what we’re committing to long-term. Thanks for buying it. I look forward to your comments and feedback at any time at michael /a/t/ domainsherpa.

    @Morgan: thanks for the write-up. Much appreciated!

    Reply
  • Adam March 28, 2014, 10:43 am

    My domain business has been audited by the IRS. I can tell you that Sandra’s book was invaluable in those discussions. BUT each domainer is going to have a different model. One bit of advice, stop calling yourselves investors. Unless of course you are ok with not being able to deduct aftermarket purchases

    Reply
  • Sandy Brooks March 31, 2014, 3:27 pm

    Thanks for your kind words, Adam. I just wanted to point out that I update the Domain Tax Guide every year. This includes general business tax law changes, updated forms, limits, dates, etc. When I first wrote the guide in 2007, I expected that there would also be some changes to tax law as it directly relates to the domain industry. So far, this has not happened. I read this new tax guide; it follows my exact same format and gives you most of the same information that is in my guide with the exception of actually helping domainers reduce their taxes. As you mention, my analysis and conclusions have been used to successfully defend domainers like you in IRS audits. There is no way to guarantee that you will avoid an audit, so it is best to have a strong defense and support in case you are ever audited.

    Reply
  • Morgan April 1, 2014, 9:59 am

    @Sandy – I appreciate you chiming in here but why is it that you don’t respond to emails from your readers? I’ve heard from countless domain owners that they try to contact you and never hear back…that makes it hard to know that a guide would be up-to-date or trustworthy.

    Do you plan to improve this side of the business?

    Reply
  • Sandy Brooks April 1, 2014, 1:59 pm

    @morgan – I’m not sure where this is coming from and “countless” has to be an exaggeration. I always respond to emails, and usually give more time and care in responding to them than most. The email at DomainTaxGuide.com was down for a brief period last year, and I apologize if that caused you any reason to doubt me. There are many people who can vouch for my integrity. As for my tax guide, it says right on the site that it is the updated 2014 version.

    Reply
  • Consultant Entrepreneur October 16, 2015, 10:22 pm

    IRS tax code has become my #1 interest. Don’t know what took me this long to realize.
    But it is the biggest expense in our life time. I think everyone ought to spend time, effort, and money to be educated in tax rules. Don’t forget to hire a qualify CPA who is also a successful entrepreneur with excellent systems in place to advise and serve you!

    Reply

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