Iaabo charter membership

[jeremy341a]

I pay $65 to the state and $75 to our association. $10 of that goes to our scholarship fund. We do not have an assigners fee. Each individual school has to pay him.
I get 40-55 nights per year with almost all being double headers.
$60 per varsity game
$50 per sub varsity game
$0.50 per mile round trip paid to one driver
We do not have a banquet.

[BillyMac]

Originally Posted by jeremy341a

I pay $65 to the state and $75 to our association. We do not have an assigners fee. $60 per varsity game, $50 per sub varsity game, $0.50 per mile round trip paid to one driver, We do not have a banquet.

My round trip mileage last year was 739 miles, or a cost to me (based on your half ride reimbursement) of about $180. Of course I can deduct my mileage, from my taxes, you can't, so let's call it $150.00.

Let's subtract the $30 banquet portion of my dues.

That brings my total financial obligation to $370.00.

For comparison purposes, take away my $35 IAABO dues, so $335 total, or about five subvarsity fees, or about 3.5 varsity fees.

Your total financial obligation of $140.00 or about three subvarsity fees, or about 2.5 varsity fees.

Not as much of a bargain as LRZ, but still a tip of the hat to your treasurer and finance committee.

Ain't math fun?

[jeremy341a]

Originally Posted by BillyMac

My round trip mileage last year was 739 miles, or a cost to me (based on your half ride reimbursement) of about $180. Of course I can deduct my mileage, from my taxes, you can't, so let's call it $150.00.

Let's subtract the $30 banquet portion of my dues.

That brings my total financial obligation to $370.00.

For comparison purposes, take away my $35 IAABO dues, so $335 total, or about five subvarsity fees, or about 3.5 varsity fees.

Your total financial obligation of $140.00 or about three subvarsity fees, or about 2.5 varsity fees.

Not as much of a bargain as LRZ, but still a tip of the hat to your treasurer and finance committee.

Ain't math fun?

My round trip mileage was 6521 for 2017.

Why can't I deduct my mileage? Honest question I don't know I have my tax guy handle everything.

[BillyMac]

Originally Posted by jeremy341a

Why can't I deduct my mileage? Honest question I don't know I have my tax guy handle everything.

My error, you can probably deduct some of your mileage.

I'm not an accountant, nor do I play one television, but since you're financially reimbursed for half of your mileage, you can probably only deduct half of your mileage, the rest really isn't a business "expense".

My accounting firm, Dewey, Cheatem & Howe does an excellent job.

Originally Posted by Mark T. DeNucci, Sr.

At the very worst, membership dues and mileage to meetings are a tax deduction on one's Schedule C (and I hope that every one is obeying the law and filing Schedule C's every year).

Right now I'm actually being audited for my 2015 taxes. Good thing that I declared every single penny of my officiating income, especially with about one third of my income coming through Arbiter Pay.

[jeremy341a]

Why do you say i'm only reimbursed for half of my mileage? I am paid 50 cents per mile for all miles I drive. I claim all this money as income bc we are paid one check by the schools.

[BillyMac]

Originally Posted by jeremy341a

Why do you say I'm only reimbursed for half of my mileage? I am paid 50 cents per mile for all miles I drive. I claim all this money as income bc we are paid one check by the schools.

Because you said "$0.50 per mile round trip paid to one driver".

Figured only you, or your partner, got reimbursed, not both.

If your claiming the mileage reimbursement as income, then you may be able to deduct all of your mileage as a business expense. Some would not claim it as earned income, and then not take a mileage business expense deduction.

Don't listen to me, I'm sure your tax guy does an excellent job.

[jeremy341a]

Originally Posted by BillyMac

Because you said "$0.50 per mile round trip paid to one driver".

Figured only you, or your partner, got reimbursed, not both.

If your claiming the mileage reimbursement as income, then you may be able to deduct all of your mileage as a business expense. Some would not claim it as earned income, and then not take a mileage business expense deduction.

Don't listen to me, I'm sure your tax guy does an excellent job.

Gotcha, only one of us is paid for driving most nights bc the farther driver will pick up the closer ones. If that isn't possible usually the school will pay two drivers if they don't the someone eats their miles or gets a kickback from the other driver. I am only claim for the miles that I'm paid for.

[Camron Rust]

Originally Posted by BillyMac

Because you said "$0.50 per mile round trip paid to one driver".

Figured only you, or your partner, got reimbursed, not both.

If your claiming the mileage reimbursement as income, then you may be able to deduct all of your mileage as a business expense. Some would not claim it as earned income, and then not take a mileage business expense deduction.

Don't listen to me, I'm sure your tax guy does an excellent job.

Whether one or both drivers are paid is not relevant. If he drives, he can and should deduct the mileage he actually drove. Likewise, whether you drive or not, all money received is income (even if it is designated as reimbursement for travel) and should be included in that income. The deduction for miles driven will take care of the balance.