Tax info

[Dakota]

Originally Posted by BktBallRef

Your opinion is incorrect, based on a post by a CPA on the Basketball board.

From the IRS. Who do you believe?

Car Expenses
To take a business deduction for the use of your car, you must determine whether the use was business or personal.

If the answer is personal, no deduction is allowed. Personal use includes commuting – driving from your home to your regular place of work.

A deduction may be allowed if you have multiple jobs or businesses. Driving from your home to “business one” is commuting, but driving from “business one” directly to “business two” is deductible. Also, you are usually allowed to deduct transportation costs for going from your home to temporary workplace regardless of the distance.

Deductible car expenses can include the cost of 1) traveling from one workplace to another, 2) making business trips to visit customers or attend business meetings away from your regular workplace, 3) going to temporary workplaces.

[parepat]

I also disagree with the prior statement that you must use your vehicle 100% for business in order to use the depreciation deduction. My understanding is that the vehicle must be used more than 50% for business in order to depreciate.

[MJT]

Now that is a good diagram Dakota, thanks!

[BktBallRef]

Originally Posted by Dakota

From the IRS. Who do you believe?

I believe a CPA as opposed to some chart posted on an Internet discussion board!

[Dakota]

Originally Posted by BktBallRef

I believe a CPA as opposed to some chart posted on an Internet discussion board!

Some people are determined to be right even when they are wrong. You know this person is a CPA how? Weren't the people advising Enron CPAs?

Source of the information I posted:

IRS - Tracking Business and Travel Expenses

IRS Publication 463 Cat. No. 11081L Travel, Entertainment, Gift, and Car Expenses

[STEVED21]

Originally Posted by Dakota

Some people are determined to be right even when they are wrong. You know this person is a CPA how? Weren't the people advising Enron CPAs?

Source of the information I posted:

IRS - Tracking Business and Travel Expenses

IRS Publication 463 Cat. No. 11081L Travel, Entertainment, Gift, and Car Expenses

As a CPA, I can assure you that Dakota is 100% correct as it pertains to the auto expenses.

[BktBallRef]

Originally Posted by STEVED21

As a CPA, I can assure you that Dakota is 100% correct as it pertains to the auto expenses.

Well good, glad to hear it!!! Somebody else will be on here next week telling us something else.

BTW Dakota, no need to be an @ss. I was just going by what a respect member of another board had posted.

[Dakota]

Originally Posted by BktBallRef

Well good, glad to hear it!!! Somebody else will be on here next week telling us something else.

BTW Dakota, no need to be an @ss. I was just going by what a respect member of another board had posted.

I was responding to your comment about "some chart" being less believable than an (alleged) CPA who merely posted - posted his opinion. I gave the general source of the chart (IRS). I only posted the link for the google-impared.

[CBrockett]

Hey you CPA's out there... Looking for write-offs for the 2006 football season...

If i buy a $500 gold coin that I use in my youth league games for the coin toss, am I allowed to use that a business expense... and if I can.. would i be able to by multiple coins, one for youth, middles school games, high school games and collegiate games?

Just asking?

CBrockett

[BktBallRef]

Originally Posted by Dakota

I was responding to your comment about "some chart" being less believable than an (alleged) CPA who merely posted - posted his opinion. I gave the general source of the chart (IRS). I only posted the link for the google-impared.

I know what you were responding to and as I said, there's no need to be an @ss. Notice there was a after the post that I wrote. I saw no such after yours.

[The Roamin' Umpire]

Originally Posted by Dakota

Some people are determined to be right even when they are wrong. You know this person is a CPA how? Weren't the people advising Enron CPAs?

Source of the information I posted:

IRS - Tracking Business and Travel Expenses

IRS Publication 463 Cat. No. 11081L Travel, Entertainment, Gift, and Car Expenses

Good of you to post your sources, but cut BktBallRef a little slack - as a friend of mine likes to point out, "The Internet knows everything, whether or not it's true."

[Jim D]

Just as an example, last year I was able to claim about $610.00 for expenses. I had $178 in mileage, $170 in dues and subscriptions and $261 in equipment ( I bought a lot of new stuff).

[PADist1Ref]

So the question here is: is the game site a Temporary place of work or a second job?

[Jim D]

Originally Posted by PADist1Ref

So the question here is: is the game site a Temporary place of work or a second job?

I would say it's a second job. A temporary place of work would be where a site where my primary job would take me.

[Forksref]

Originally Posted by Jim D

I would say it's a second job. A temporary place of work would be where a site where my primary job would take me.

Seems to me to be temporary, since it is less than a year. My season lasts about 3 months.

Also, the last 2 summers I attended an officials' camp that was more than 300 miles away. With the mileage and gas and room and meals, it eats up a huge chunk of my revenue for the year.