Tax Return

[Mark T. DeNucci, Sr.]

Originally Posted by letemplay

So, assuming all your deductions are legal...do you show a profit or loss?

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.

[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.

[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.

[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.