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Tax Writeoffs - List #176558
04/06/08 09:54 AM
04/06/08 09:54 AM
electure  Offline
OP
Member
Joined: Dec 2000
Posts: 4,274
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:
Re: Tax Writeoffs - List [Re: electure] #176561
04/06/08 10:45 AM
04/06/08 10:45 AM
K
KJay  Offline
Member
Joined: Nov 2007
Posts: 763
MA, USA
I wonder if I could write off my golden retriever as a mascot.grin

Re: Tax Writeoffs - List [Re: KJay] #176563
04/06/08 11:17 AM
04/06/08 11:17 AM
W
WireNuts29  Offline
Member
Joined: Jul 2007
Posts: 85
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.

Re: Tax Writeoffs - List [Re: WireNuts29] #176565
04/06/08 11:34 AM
04/06/08 11:34 AM
G
gfretwell  Offline

Member
Joined: Jul 2004
Posts: 9,298
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
Re: Tax Writeoffs - List [Re: gfretwell] #176567
04/06/08 12:06 PM
04/06/08 12:06 PM
L
LK  Offline
Member
Joined: Jan 2003
Posts: 1,429
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.

Last edited by LK; 04/06/08 12:07 PM.
Re: Tax Writeoffs - List [Re: LK] #176573
04/06/08 02:02 PM
04/06/08 02:02 PM
S
sparkyinak  Offline
Member
Joined: Jul 2007
Posts: 1,335
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". smile

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
Re: Tax Writeoffs - List [Re: sparkyinak] #176575
04/06/08 02:28 PM
04/06/08 02:28 PM
L
LK  Offline
Member
Joined: Jan 2003
Posts: 1,429
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". smile

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.

Re: Tax Writeoffs - List [Re: KJay] #176579
04/06/08 07:25 PM
04/06/08 07:25 PM
J
jdevlin  Offline
Member
Joined: Aug 2002
Posts: 402
welland ontario canada
Originally Posted by KJay
I wonder if I could write off my golden retriever as a mascot.grin

Guard dog.

Re: Tax Writeoffs - List [Re: electure] #176582
04/06/08 10:25 PM
04/06/08 10:25 PM
U
u2slow  Offline
Member
Joined: Sep 2003
Posts: 200
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.


Re: Tax Writeoffs - List [Re: u2slow] #176584
04/06/08 10:48 PM
04/06/08 10:48 PM
M
macmikeman  Offline
Member
Joined: Jul 2002
Posts: 717
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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