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I really really like this idea. For those of us who don't understand taxes at all, can you elaborate how it would be tax deductible? Would the open-source proje
by MalcolmDiggs 12y ago
I really really like this idea. For those of us who don't understand taxes at all, can you elaborate how it would be tax deductible? Would the open-source project need to be a formally structured non-profit organization? Or would any open github repo qualify?
- zaroth 12y agoAlmost any business expense which is "ordinary, necessary, and reasonable" counts as a deduction against business income. Hiring expenses are part of that, and paying for completion of a pre-hiring assessment would be considered ordinary, necessary, and reasonable. Depending on how far you go with this 'assessment' you may cross into 1099 territory where it's taxable income to the candidate (versus expense reimbursement or per diem). It would still be a tax deduction for the business, but more hassle for the candidate at tax time. I think if you took it past the point of a hiring evaluation, and for example, tried to make it into long term open source coding project, then they would probably be at least 1099 contractors and need be paying income tax on those dollars.