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#176558 - 04/06/08 06:54 AM Tax Writeoffs - List
electure Offline

Member

Registered: 12/24/00
Posts: 4226
Loc: Fullerton, CA USA
Tax time again.

Thanks to A-line . He is credited with this in depth checklist of writeoffs. He first posted it in 2004(?)

Anything that you can add?

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Business, Office, Estimating, Legal:
#176561 - 04/06/08 07:45 AM Re: Tax Writeoffs - List [Re: electure]
KJay Offline
Member

Registered: 11/27/07
Posts: 763
Loc: MA, USA
I wonder if I could write off my golden retriever as a mascot.

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#176563 - 04/06/08 08:17 AM Re: Tax Writeoffs - List [Re: KJay]
WireNuts29 Offline
Member

Registered: 07/24/07
Posts: 85
Loc: Mass, U.S.A.
That list reminds me of the Seinfeld episode where kramer says to jerry its a write off, and jerry says who writes it off?, kramer says they do.that list leads me to believe that anything a buisness does, which is not a profit is a write off.

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#176565 - 04/06/08 08:34 AM Re: Tax Writeoffs - List [Re: WireNuts29]
gfretwell Offline

Member

Registered: 07/20/04
Posts: 9045
Loc: Estero,Fl,usa
If you painted a picture of the dog on your truck and used it in an ad it is probably deductible as a marketing expense.
_________________________
Greg Fretwell

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#176567 - 04/06/08 09:06 AM Re: Tax Writeoffs - List [Re: gfretwell]
LK Offline

Member

Registered: 01/21/03
Posts: 1721
Loc: New Jersey
 Originally Posted By: gfretwell
If you painted a picture of the dog on your truck and used it in an ad it is probably deductible as a marketing expense.



Or enrolled the dog. in the guide dog program.


Edited by LK (04/06/08 09:07 AM)

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#176573 - 04/06/08 11:02 AM Re: Tax Writeoffs - List [Re: LK]
sparkyinak Offline
Member

Registered: 07/08/07
Posts: 1295
Loc: Alaska
 Originally Posted By: LK
[quote=gfretwell]
Or enrolled the dog. in the guide dog program.
Somehow I see an issue for using a guide dog for a tax write off for an electrician. Not for a tax write off itself since it would be claimed to be a tool. I am talking about showing up at the customer's door with guide dog and saying, "Hey, I'm here to root around in your electrical panel". \:\)

If you put your dog on the side of you truck, on letter letterhead, business cards, ads. I's say it is a writeoff.

I wonder if we can get away with using our kids picture in the same manner and the cost of raising them is cost to maintaining the company image? hmmm.
_________________________
"Live Awesome!" - Kevin Carosa

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#176575 - 04/06/08 11:28 AM Re: Tax Writeoffs - List [Re: sparkyinak]
LK Offline

Member

Registered: 01/21/03
Posts: 1721
Loc: New Jersey
 Originally Posted By: sparkyinak
 Originally Posted By: LK
[quote=gfretwell]
Or enrolled the dog. in the guide dog program.
Somehow I see an issue for using a guide dog for a tax write off for an electrician. Not for a tax write off itself since it would be claimed to be a tool. I am talking about showing up at the customer's door with guide dog and saying, "Hey, I'm here to root around in your electrical panel". \:\)

If you put your dog on the side of you truck, on letter letterhead, business cards, ads. I's say it is a writeoff.

I wonder if we can get away with using our kids picture in the same manner and the cost of raising them is cost to maintaining the company image? hmmm.


If your in business, and enrolled in supporting the raising of a guide dog, it is not only something you can deduct, but an excellant way to help the guide dog foundation continue their great work. And you even get to take care of the dog for a while.

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#176579 - 04/06/08 04:25 PM Re: Tax Writeoffs - List [Re: KJay]
jdevlin Offline
Member

Registered: 08/07/02
Posts: 402
Loc: welland ontario canada
 Originally Posted By: KJay
I wonder if I could write off my golden retriever as a mascot.

Guard dog.

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#176582 - 04/06/08 07:25 PM Re: Tax Writeoffs - List [Re: electure]
u2slow Offline
Member

Registered: 09/18/03
Posts: 198
Loc: Salt Spring, BC, Canada
Expanding on vehicle maintenance... I write off some shop and auto-repair tools.

I do my own repairs. I use the tools only for my work van.

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#176584 - 04/06/08 07:48 PM Re: Tax Writeoffs - List [Re: u2slow]
macmikeman Offline
Member

Registered: 07/16/02
Posts: 718
Loc: Honolulu, Hawaii
For those of us living south of the Canadian border, and are subject to paying the IRS, then there are differences between capital expenses and deductible expenses. Some of the items on the A-line list are not actually accepted as deductable expenses by the IRS. Publication 535 from the Internal Revenue Service details what is a deductable expense and what qualifies as a capital expense. I bet the majority of us have CPA's doing our taxes for us, at least I should hope so. And your CPA should know the differences in the two types of deductables.

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