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The_Rookie Tue Feb 22, 2011 02:33pm

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 :)

Adam Tue Feb 22, 2011 02:36pm

well, bob apparently deducts the costs for his crack and whores.

The_Rookie Tue Feb 22, 2011 02:40pm

Quote:

Originally Posted by Snaqwells (Post 733044)
well, bob apparently deducts the costs for his crack and whores.

I meant BASKETBALL REFEREE Related..Ha ha

dsqrddgd909 Tue Feb 22, 2011 02:48pm

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.

Andy Tue Feb 22, 2011 02:51pm

Quote:

Originally Posted by The_Rookie (Post 733042)
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 :)

First of all, I would highly recommend contacting a tax professional for the absolute best information on this subject.

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

Adam Tue Feb 22, 2011 02:56pm

Quote:

Originally Posted by dsqrddgd909 (Post 733048)
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.

You can deduct mileage even when reimbursed, just be sure to include the reimbursement in your income.
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.

dsqrddgd909 Tue Feb 22, 2011 03:08pm

Quote:

Originally Posted by Snaqwells (Post 733052)
You can deduct mileage even when reimbursed, just be sure to include the reimbursement in your income.
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.

Thanks Snaq!

Welpe Tue Feb 22, 2011 03:42pm

Quote:

Originally Posted by Snaqwells (Post 733052)
You can deduct mileage even when reimbursed, just be sure to include the reimbursement in your income.
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.

This is how my tax pro does it as well. She adds any mileage reimbursement as part of my officiating income and I then deduct all mileage.

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. ;)

26 Year Gap Tue Feb 22, 2011 04:50pm

Quote:

Originally Posted by Welpe (Post 733076)
This is how my tax pro does it as well. She adds any mileage reimbursement as part of my officiating income and I then deduct all mileage.

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. ;)

Are "honey do" items in exchange for sewing on patches [tailoring] somehow deductible?

Adam Tue Feb 22, 2011 04:54pm

Quote:

Originally Posted by 26 Year Gap (Post 733103)
Are "honey do" items in exchange for sewing on patches [tailoring] somehow deductible?

"Mr. Gap, I see you've deducted potting soil, lawn fertilizer, and granite countertops from your officiating income. Why?"

"That's the price my wife charged me to tailor my pants and sew on my patches."

Mark Padgett Tue Feb 22, 2011 05:32pm

Don't forget ear plugs.

bainsey Tue Feb 22, 2011 05:49pm

Quote:

Originally Posted by Snaqwells (Post 733044)
well, bob apparently deducts the costs for his crack and whores.

It was a pleasure debating with you, Snaqs.

Adam Tue Feb 22, 2011 05:57pm

When?

Welpe Tue Feb 22, 2011 06:02pm

Quote:

Originally Posted by 26 Year Gap (Post 733103)
Are "honey do" items in exchange for sewing on patches [tailoring] somehow deductible?

Probably does not apply if your tailor lives under the same roof. :cool:

26 Year Gap Tue Feb 22, 2011 06:25pm

Quote:

Originally Posted by Welpe (Post 733143)
Probably does not apply if your tailor lives under the same roof. :cool:

http://image.minyanville.com/assets/...1282141471.jpg


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