Tax Return
In the process of working on my taxes for the year and wondered what type of expenses do others on here deduct?? No! This is not an IRS Agent :)
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well, bob apparently deducts the costs for his crack and whores.
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The IRS is pretty explicit about allowable deductions. For me it's uniforms, shoes, equipment, State and local association dues, mileage when not reimbursed, and any camp fees.
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Some of the things that I track are: - mileage to and from assignments (minus anything you are reimbursed for) - cost of uniforms and supplies - cleaning of uniforms - any dues/assignor fees that you pay - any officiating related subscriptions (ie Referee Magazine) - any camp fees - lodging you pay for while attending camps - cost of any officiating related insurance that you purchase - meals eaten to or from assignments (this gets tricky as to what qualifies) - If you do any contests for free (ie Special Olympics), that could be considered a charitable donation |
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Note that not every area reimburses the full rate or even all the miles. Here, we're given an extra $2 per trip within town, and you can be sure I'm not going to skip deducting a 15 mile trip in return for a $2 stipend. |
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I don't personally bother deducting things like meals (unless for an overnight clinic, camp), cell phone, internet or even basic laundry costs. I like to keep things simple. I will deduct: -Local/State Dues -NASO Membership fees (listed as insurance on the Schedule C) -Assigner's fees -Mileage -Uniforms / equipment -Tailoring expenses -Clinic fees and related lodging and meals -Any volunteer assignments such as Special Olympics As a friendly reminder, be sure to claim all officiating income, not just what you receiver a 1099 for. ;) |
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"That's the price my wife charged me to tailor my pants and sew on my patches." |
Don't forget ear plugs.
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When?
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