Tax Day is Today

Tax time is always a stressful time. It takes quite a bit of time and energy getting paperwork prepared for the accountant, and of course there are financial considerations as well. Our tax returns and estimates have been filed, and it feels good to get that out of the way!

I am sure some of you are wondering why I am posting this on April 17th when tax day is typically April 15th. For Massachusetts residents, our tax day is April 17th this year. On April 15th, we celebrated Patriots’ Day and on April 16th, Washington DC celebrated Emancipation Day. These two holidays pushed our tax filing deadline to April 17th this year.

Why am I posting this article (you might be asking)? This should serve as a good reminder for people who ask or give domain industry advice on forums, their own websites, social media, or elsewhere. People invest in domain names around the world. Customs are different everywhere, but perhaps even more importantly, so are the laws. Someone may be giving advice in good faith that will work for them, but it could be different for people in different jurisdictions where the law is different.

I always recommend consulting a good domain name lawyer when the need arises. I also recommend having contracts drafted specifically for your own needs rather than using a template found somewhere. Sure, it might be a bit more expensive to work directly with a lawyer, but their knowledge will ensure you are protected rather than just hoping for the best.

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent Posts

Rookie Mistake: Reading Expiry Lists at Breakfast

0
Every morning, as early as I am awake, I look through domain name expiry lists to see what is coming up for auction. I'll...

GoDaddy Auctions Running NameFind Auctions

0
GoDaddy is running a featured auction via its GoDaddy Auctions platform with domain names from its NameFind portfolio. While I would argue the domain...

Spaceship Hits 1 Million DUM – Only 13% of New Registrations are .com

3
Earlier this morning, Richard Kirkendall shared that Spaceship hit the 1 million Domains Under Management (DUM) mark. Richard is the Founder of Namecheap and...

Converse.CO UDRP Decision Turns on Price Inference

6
In general, I thought UDRP panels have gotten past the issue of pricing as it relates to generic / descriptive one word domain names....

Ebbs and Flows of Domain Investing

3
My domain investment portfolio has grown from around 500 domain names to around 2,000 domain names in the last several years. Even at that...