[dobry4u]

Originally Posted by GMAN

Life would be so much simpler if we went to a flat tax with no deductions. Perhaps a 5% tax would be good.:thumbsup:

:hellno: :hellno: :hellno: :hellno: :hellno: :hellno: :hellno: :hellno: :hellno: :hellno:

one size fits all... bullock

[jd112488]

lets make this easy...ANYTHING that you purchase that is used for work and not reimbursed by the company is deductible. so anything that you buy and think you can get away with claiming for work usage flies...but remember that you can be audited 7 years back. it just depends how far into the gray areas of the tax laws you are willing to go.

[dobry4u]

Originally Posted by jd112488

lets make this easy...ANYTHING that you purchase that is used for work and not reimbursed by the company is deductible. so anything that you buy and think you can get away with claiming for work usage flies...but remember that you can be audited 7 years back. it just depends how far into the gray areas of the tax laws you are willing to go.

:thumbsdown::thumbsdown::thumbsdown::thumbsdown:

You can be reviewed further back than that.

And your board statement of anything you use for work is deductible is quite naive.

[jd112488]

ok...point still stands..except for the 7 year thing. better??

[dobry4u]

Originally Posted by jd112488

ok...point still stands..except for the 7 year thing. better??

Not really... the IRS will not allow "everything you bought" for work as a deduction and rules relate if you file a schedule a or schedule c.

[dobry4u]

Other job-related expenses (other than meals, lodging and incidentals) are ordinary and necessary expenses related to your occupation.

As Rev said, use Publication 463 and also you may find Publication 529 helpful.

[Jumbo]

Originally Posted by dobry4u

Other job-related expenses (other than meals, lodging and incidentals) are ordinary and necessary expenses related to your occupation.

As Rev said, use Publication 463 and also you may find Publication 529 helpful.

I knew the number nerd would be able to straighten us out when it comes to taxes. She is sharp.

[Syncrosonix]

so then $200 worth of trojan condoms aren't going to be deductible? DAMMIT!

[Double R]

Originally Posted by Syncrosonix

so then $200 worth of trojan condoms aren't going to be deductible? DAMMIT!

Neither is the cost for lot lizards!:rofl:

[Syncrosonix]

Originally Posted by Double R

Neither is the cost for lot lizards!:rofl:

shhhhhhhhhhhhhhh!