Quote:
Originally posted by Dakota
Not counting the first year (where everything from ball bag to uniform needs to be bought), how much to you spend each year in fees, schools, replacing equipment, new hats, upgrading equipment, etc.?
I checked my records for the last three years, and I am averaging about $350 - $400 per year. Some of that, of course, is just because I want to (e.g. this year I am buying a new chest protector - not because the old one needs replacing, but just because I want to try a new one). Some is routine (ASA registration fee, case book updates, NFHS registration fee, association dues, etc.) And, some is necessary replacement (e.g. I bought 2 new hats last year; I'm going to try to get by with what I have this year).
But, I was wondering - what do the rest of you spend on average per year?
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Judging from your post, you must be filling out your Schedule C for 2003.
To give you an example of what my Schedule C looks like here are my figures from 2002 and 2003. I submit two Schedule C's one for basketball officiating only (because I have been officiating basketball for 32 years) and a second one for baseball/softball, soccer, and volleyball because I have been officiaing those sports for only eleven years.
My totals for 2002: $9,639.00 in gross receipts and $9,613.76 in expenses. One should remember that if you use the mileage deduction you get to deduct an amount of money far in excess of what your actual automobile expenses really are.
My totals for 2003 (I officiated only six months because of a knee injury): $5,454.00 in gross receipts and $7,064.47 in expenses.
I use Micorsoft Outlook's Calendar as my officiating diary: It includes the sport, schools involved, partners, odemeter reading from my car, telephone calls, and any other type of expense that I have relating to officiating. I have have two Excel spreadsheets: one for my basketball Schedule C and one for my other sports officiating Schedule C. My columns across the spreadsheet correspond to the appropriate lines of the Schedue C. The rows represent calendar dates. Within the columns I also keep track of my actual gasolene expenses even though I use the mileage deduction because I like to see how much I acutally pay out in gas for officiating. At the end of the year, I just push a button and it adds up all of the columns and I just put the numbers on the appropriate line on the Schedule C.
It took me less that fifteen minutes to have my Schedule C's ready to file our income taxes. My wife and I filed our state and federal income taxes online during half time of the Super Bowl (yes, I missed the wardrobe malfunction, even our two sons, ages a 10 and 13 missed it because they went to their room to play a football video game during half time). We received our state refund on Feb. 06th, and our federal refund on Feb. 13th, both deposited electronically to our checking account. It was the easiest return we ever had.