Idk how it is with the IRS but in my country you could easily do it unless they can show you’re trying to avoid taxes on non-business expenses. Putting in your post-tax income is already a sign you’re likely not trying to game the system. Setting up some potential income stream would be even better. Doesn’t have to turn a profit but you might be able to show you’re TRYING to be profitable. Then you could use company income on it.
If your lemmy instance is actually community outreach for some other part of your business, you could run it from pretax income and get reimbursed VAT without having to show it as an attempt at making money.
You can set up an LLC in Estonia without ever visiting the country for under 300 euros. It’s pretty nifty. But if you try to do any hardcore tax optimization, they will catch you. You can optimize away small things, but overall if you’re making a bunch of money and only have lots of business expenses and pay no salary, they’ll start investigating you.
Idk how it is with the IRS but in my country you could easily do it unless they can show you’re trying to avoid taxes on non-business expenses. Putting in your post-tax income is already a sign you’re likely not trying to game the system. Setting up some potential income stream would be even better. Doesn’t have to turn a profit but you might be able to show you’re TRYING to be profitable. Then you could use company income on it.
If your lemmy instance is actually community outreach for some other part of your business, you could run it from pretax income and get reimbursed VAT without having to show it as an attempt at making money.
You can set up an LLC in Estonia without ever visiting the country for under 300 euros. It’s pretty nifty. But if you try to do any hardcore tax optimization, they will catch you. You can optimize away small things, but overall if you’re making a bunch of money and only have lots of business expenses and pay no salary, they’ll start investigating you.