Tax Return

[Welpe]

Originally Posted by bob jenkins

Fixed it for you.

Always listen to bob.

[ref2coach]

Originally Posted by Mark T. DeNucci, Sr.

Basketball has been a loss for years and baseball/softball umpiring has been a profit for years, but the total for the two Schedule C's has been a loss for years.

MTD, Sr.

I must be missing some deductions. I work Basketball and Soccer and have never been able to show a loss in either sport. Would you mind listing your deduction categories to help me see if I am missing something?

[Mark T. DeNucci, Sr.]

Originally Posted by ref2coach

I must be missing some deductions. I work Basketball and Soccer and have never been able to show a loss in either sport. Would you mind listing your deduction categories to help me see if I am missing something?

Ref2Coach:

First: You need to use the Tax Division of the law firm that Click and Clack use: Dewy, Cheatem, and Howe.


Second: You need to read my post on the third page: Post #32, Feb. 23/Wed.(04:30pmEST), 2011.

MTD, Sr.


P.S. If one were to use a laundrymat to wash one's officiating clothes and bought his laundry supplies (soap, softner, bleach, etc.). he would find that he would pay approximately $5.00 per load.

[Rich]

Originally Posted by Mark T. DeNucci, Sr.

Ref2Coach:

First: You need to use the Tax Division of the law firm that Click and Clack use: Dewy, Cheatem, and Howe.


Second: You need to read my post on the third page: Post #32, Feb. 23/Wed.(04:30pmEST), 2011.

MTD, Sr.


P.S. If one were to use a laundrymat to wash one's officiating clothes and bought his laundry supplies (soap, softner, bleach, etc.). he would find that he would pay approximately $5.00 per load.

My officiating clothes are always washed as separate loads -- I never once thought about deducting those costs, but it seems (to me) to be a pretty customary business expense.

[just another ref]

Originally Posted by Mark T. DeNucci, Sr.

P.S. If one were to use a laundrymat to wash one's officiating clothes and bought his laundry supplies (soap, softner, bleach, etc.). he would find that he would pay approximately $5.00 per load.

Assuming this is true, (I'm taking your word for it. I haven't visited a laundromat lately.) it is irrelevant unless one does in fact use the laundromat.

[Mark T. DeNucci, Sr.]

Originally Posted by just another ref

Assuming this is true, (I'm taking your word for it. I haven't visited a laundromat lately.) it is irrelevant unless one does in fact use the laundromat.

It sure is relevant. I am going to assume that the vast majority of officials have to buy the water they use for their home, i.e., washing the dishes, drinking, washing clothes, showering, toilet, etc.; we home owners call it the monthly sewer and water bill. If you did not officiate your sewr and water bill would be less and you would use less laundry soap, bleach, and softner.

MTD, Sr.

[Rich]

Originally Posted by Mark T. DeNucci, Sr.

It sure is relevant. I am going to assume that the vast majority of officials have to buy the water they use for their home, i.e., washing the dishes, drinking, washing clothes, showering, toilet, etc.; we home owners call it the monthly sewer and water bill. If you did not officiate your sewr and water bill would be less and you would use less laundry soap, bleach, and softner.

MTD, Sr.

Yes, but I always try to file my taxes in a way that would easily pass the smell test in an audit. I guess if I bought separate detergent, etc. and had a meter on my washer to show how much water was used in those loads, I'd be OK, but I'm thinking the IRS wouldn't care much for receipt-less guessing.

[just another ref]

Originally Posted by Mark T. DeNucci, Sr.

If you did not officiate your sewr and water bill would be less and you would use less laundry soap, bleach, and softner.

MTD, Sr.

These bills would be less, but would they be significantly less? Probably not.
Is there enough difference to assign an arbitrary amount ($5 per load mentioned above) for this expense? NO

[BillyMac]

My accountant allows me $5.00 per week during the season for laundry. I don't think $60.00 will trigger any alarms at the IRS.

[Mark T. DeNucci, Sr.]

Originally Posted by RichMSN

Yes, but I always try to file my taxes in a way that would easily pass the smell test in an audit. I guess if I bought separate detergent, etc. and had a meter on my washer to show how much water was used in those loads, I'd be OK, but I'm thinking the IRS wouldn't care much for receipt-less guessing.

I have been using $5 per load for at least the last seven or eight years and my returns must smell like Roses (which is where the Buckeyes will be playing if not playing for the National Championship, ) to the IRS.

MTD, Sr.

[Camron Rust]

Originally Posted by Mark T. DeNucci, Sr.

I have been using $5 per load for at least the last seven or eight years and my returns must smell like Roses (which is where the Buckeyes will be playing if not playing for the National Championship, ) to the IRS.

MTD, Sr.

Unless you've been audited, I wouldn't be too certain about that. It only means it hasn't raised a flag. In the event you get audited, all of those miscellaneous receiptless deductions may get tossed.

[just another ref]

Originally Posted by Mark T. DeNucci, Sr.

I have been using $5 per load for at least the last seven or eight years and my returns must smell like Roses (which is where the Buckeyes will be playing if not playing for the National Championship, ) to the IRS.

MTD, Sr.

You can deduct your big screen HD television and your satellite bill. (research/continuing education for the job) It will definitely qualify as a deduction.

Until the audit.

[grunewar]

Originally Posted by Camron Rust

In the event you get audited, all of those miscellaneous receiptless deductions may get tossed.

Originally Posted by just another ref

Until the audit.

I thought my tax returns were fine too......until I moved some investments and forgot to declare something back in 2007. In 2009 I got a nice note from the Fed.......ahem!

PS - In 2010, I got a note from the state of VA which basically said, "Hey, our friends at the Fed told us you owed them some money because you forgot something in 2007. HELLO! What about us?......so, I paid them too.

Like most I do a good job with receipts and all. But, this was an oopsy!

[Mark T. DeNucci, Sr.]

I don't see the big deal about declaring laundry costs for our officiating clothes, after all they are uniforms that we would not wear anyother place except on the playing court or field. In fact I never declared laundry until my tax returns for 1996 and I did that on the advise of an IRS agent who was a women's college basketball offical from the Washington, DC, area.

MTD, Sr.


P.S. This agent also told me that while IRS rules are that a business must show a taxable profit Schedule C profit two out of every five years, there is other critera that the IRS looks at before ruling for to allow or not allow the taxable loss for more that three years out of every five years. The IRS looks at the type of business, the gross income for the year (is it typical for that type of business), is the amount of mileage being declared reasonable, etc. I have had a taxable loss for my officiating for at least the last six years; and I have taxable losses in my courier business every year that I have had it active, I make a profit based on real expenses but the mileage deduction alone wipes out my gross income every year. What the IRS looks for under this rule is the person who, say a stamp collector (his example not mine, I collected US and US First Day Editions as a kid) who goes to stamp collector shows almost every weekend, delcares only $500 in gross income every year, yet has travel expenses such that he as a taxable loss of over $10,000 every year; and he does this for years and years and years.

I know of only one sports official who has every been audited and that was because a fan didn't like how he officiated a game and turned him into the IRS, he had never filed a Schedule C and was hit with about $1,000 in back taxes, interest, and fines. It was me. And there is a good story about how he got into officiating, but it for another day.

[26 Year Gap]

Originally Posted by Mark T. DeNucci, Sr.

I don't see the big deal about declaring laundry costs for our officiating clothes, after all they are uniforms that we would not wear anyother place except on the playing court or field. In fact I never declared laundry until my tax returns for 1996 and I did that on the advise of an IRS agent who was a women's college basketball offical from the Washington, DC, area.

MTD, Sr.


P.S. This agent also told me that while IRS rules are that a business must show a taxable profit Schedule C profit two out of every five years, there is other critera that the IRS looks at before ruling for to allow or not allow the taxable loss for more that three years out of every five years. The IRS looks at the type of business, the gross income for the year (is it typical for that type of business), is the amount of mileage being declared reasonable, etc. I have had a taxable loss for my officiating for at least the last six years; and I have taxable losses in my courier business every year that I have had it active, I make a profit based on real expenses but the mileage deduction alone wipes out my gross income every year. What the IRS looks for under this rule is the person who, say a stamp collector (his example not mine, I collected US and US First Day Editions as a kid) who goes to stamp collector shows almost every weekend, delcares only $500 in gross income every year, yet has travel expenses such that he as a taxable loss of over $10,000 every year; and he does this for years and years and years.

I know of only one sports official who has every been audited and that was because a fan didn't like how he officiated a game and turned him into the IRS, he had never filed a Schedule C and was hit with about $1,000 in back taxes, interest, and fines. It was me. And there is a good story about how he got into officiating, but it for another day.

We'll be waiting.