Work Units to Tax Credits?

Author	Message
Corbin Campbell Send message Joined: 2 Dec 05 Posts: 1 Credit: 95,253 RAC: 0	Message 25438 - Posted: 29 Aug 2006, 15:12:20 UTC When will work units from BOINC programs be translated into tax credits, or energy credits, or something of tangible value? ID: 25438 · Rating: 0 · rate: / Reply Quote

J D K Send message Joined: 23 Sep 05 Posts: 168 Credit: 101,266 RAC: 0	Message 25440 - Posted: 29 Aug 2006, 15:26:59 UTC Probably never.... BOINC Wiki ID: 25440 · Rating: 0 · rate: / Reply Quote

netwraith Send message Joined: 3 Sep 06 Posts: 80 Credit: 13,483,227 RAC: 0	Message 26673 - Posted: 13 Sep 2006, 2:21:47 UTC -- It's sound like a project for an interested user... You can start with watts consumed and the cost per KW hour of electricity.. Your tax accountant will have numbers as to how much of your space can be deducted as a business expense, how many of your computer consumables can be used. When you get all this together, send it to one of the STAT groups and see if they can give you some relevent cross tables. Basically... I would start with the accountant.. I am sure some of what you are talking about would be doable... particularly if you have a consulting company or LLC... *Looking for a team ??? Join BoincSynergy!!* ID: 26673 · Rating: 0 · rate: / Reply Quote

Feet1st Send message Joined: 30 Dec 05 Posts: 1755 Credit: 4,690,520 RAC: 0	Message 26795 - Posted: 15 Sep 2006, 1:30:57 UTC Last modified: 15 Sep 2006, 1:32:37 UTC I know nothing of tax law in other countries... but in the U.S. if you have an LLC, then you are already deducting your comsumables, electricity and space. ...and if you don't have an LLC, then it would only be deductable if you were contributing these things to a charity. And I don't believe Rosetta@home meets the criteria for a charity. Although DEFINATELY a good cause! See also this thread. Add this signature to your EMail: Running Microsoft's "System Idle Process" will never help cure cancer, AIDS nor Alzheimer's. But running Rosetta@home just might! https://boinc.bakerlab.org/rosetta/ ID: 26795 · Rating: 0 · rate: / Reply Quote