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Questions on claiming expenses on Taxes
I've read some of the posts on here on what you can claim. Can you advise on:
I don't want to stretch things too far, but want to know what most officials are doing. Things I have definitely claimed:
What do you think of these? I know many of these are used for other things that basketball officiating, so that's why I'm asking
Oh..and good news...got my first sectional games for state playoffs, and doing a regional semi-final for Junior College. Waiting to hear about the NCAA's for Division III.:D -KG |
Congratulations on your games. I'd recommend seeking tax advice from a tax professional.
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Thanks MB. I will call up my brother in law who is a CPA. I just wanted to get a perspective from what fellow officials have done. I know the more you claim that is not black/white, the IRS may come a knockin'. I've heard other people claim grooming such as haircuts, GPS purchases, etc.
Good luck to you all in the playoff season! -KG |
I Assume That You Report All Your Referee Income ???
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After work I always go home to pick up my bag and then I travel to the game site. I never go from my day job straight to the game. (Are my pants on fire?) I give my accountant round trip mileage. What he does with it, I don't know, and I don't care. My accountant also suggests that I claim $5.00 per week, during the season, for laundry. I'll double check with my accountant on Sunday. It's visiting day at the prison. That reminds me, I need to buy a file, and bake a cake. http://www.titzenbeer.com/TB_dch.gif Certifiable Public Accountants The Full Service Creative Accounting Firm Loopholes Located Books Juggled Taxes Evaded Funds Diverted Money Laundered Shortages Hidden Pensions Plundered Credit Denied Parking Validated Bankruptcies our Specialty! |
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Disclaimer: Not a tax attorney |
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The items that I have highlighted in RED you can NOT (except if you claim actual auto expenses, you can NOT claim mileage). I claim all drycleaning and $5 per load of laundry. Food has to be job related, i.e., having a meal after the game with your partner to discuss rules. If you are making loan payments on the car you use for officiating, then you can claim the pro-rated amount of interest on the loan. MTD, Sr. |
What's The Real Story On Mileage ???
I've heard a lot of different things about mileage. Can anybody straighten me out, please?
Home to game? (one way) Home to game, and back home? (round trip) Primary "day" job to game? (one way) Primary "day" job to game, and back home? (kind of a round trip) Inquiring minds want to know how to stay out of prison. |
Billy-
My tax person has me claim mileage from my location to the game site and directly to home. Usually this is from work to the site and then to home. This will be pretty much a moot point this year though since they reimburse us for mileage here. Don't forget to claim any tolls. We have quite a few toll roads here that are the most direct route to games and they add up. I personally don't bother with things such as cell phone usage because the amount I could claim would be very small and it's not worth the hassle of tracking. |
My Mechanic Gave Me Some Great Stock Tips ...
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Yeah, Real Lucky ???
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No tolls here in Connecticut. Not even one. But we've got an income tax, a sales tax, a gasoline tax, house taxes, car taxes, etc. Aren't we lucky not to have to pay tolls? |
We have all of those except for income tax. We have (relatively) cheap gas, too!
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Salt, Meet Wound ...
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$2.89 per gallon for regular, self serve, credit card. |
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You can claim mileage to games, to meetings, to camps, etc. |
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I'm not a CPA -- I just work for one :D I do have one suggestion, though: I might want to check with a professional about the fines you mentioned. I know that tax fines and penalties aren't deductible, so I'm not sure if that would extrapolate to fines assessed against your game fees by your assignor or officials' association. |
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