« previous next »
Pages: [1] 2   Go Down

Author Topic: OMG!....Business Expense?...Are you kidding?  (Read 6033 times)

Offline Robmeister

  • The Duke of SLY
  • Sly Moderator
  • Sly Bureau
  • *****
  • Posts: 4408
  • I'm not this handsome in real life
OMG!....Business Expense?...Are you kidding?
« on: March 05, 2008, 09:05:00 AM »
Ok...now that I got you to click on this...

Any of you SLY guys know if I can deduct as a business expense:

Books purchased to bone up on my field (financial/retirement planning)?

Like...books on retirement products (Long Term Care, Life Insurance...etc..)

How'bout books on sales/marketing my practice?

Thanks, doooooods  O0
Logged


Offline PigPen

  • Single... and lovin it baby!
  • Sly Moderator
  • Sly Nobility
  • *****
  • Posts: 5203
Re: OMG!....Business Expense?...Are you kidding?
« Reply #1 on: March 05, 2008, 09:20:44 AM »
Nice headline
Logged
In a bacon and eggs breakfast, the chicken is involved, but the pig is committed. BE THE PIG!!!



Offline Paul

  • Bald Rider
  • Sly Moderator
  • Sly Nobility
  • *****
  • Posts: 5435
  • Country: 00
Re: OMG!....Business Expense?...Are you kidding?
« Reply #2 on: March 05, 2008, 01:36:13 PM »
I know that as a teacher I have been able to claim deductions for tuition and books IF it is required and used for job promotion, salary jumps, etc.  Am even allowed to claim mileage to and from university if for the job.
Logged
"...and I--I took the road less traveled by, and that has made all the difference."  Robert Frost

Offline schro

  • WORK SUCKS, I'M GOING GOLFING.
  • Sly Moderator
  • Sly Nobility
  • *****
  • Posts: 5848
Re: OMG!....Business Expense?...Are you kidding?
« Reply #3 on: March 05, 2008, 01:40:34 PM »
Yes.
Logged


Agonizing over what cannot be is an insult to what is.

Offline Robmeister

  • The Duke of SLY
  • Sly Moderator
  • Sly Bureau
  • *****
  • Posts: 4408
  • I'm not this handsome in real life
Re: OMG!....Business Expense?...Are you kidding?
« Reply #4 on: March 05, 2008, 03:51:05 PM »
Quote from: schro on March 05, 2008, 01:40:34 PM
Yes.

ahhhh....dude.  Must you be so vague and nebulous?

Ok...how'bout this'n...how'bout materials and/or seminars from gurus like Tony Robbins, Zig Ziglar, etc... as directly applied to firing up my efforts in my business?
Logged

Offline schro

  • WORK SUCKS, I'M GOING GOLFING.
  • Sly Moderator
  • Sly Nobility
  • *****
  • Posts: 5848
Re: OMG!....Business Expense?...Are you kidding?
« Reply #5 on: March 05, 2008, 04:43:36 PM »
http://www.irs.gov/pub/irs-pdf/i2106.pdf

This is the instructions for Line 20 on your Schedule A. The definition of an allowable expense provides for some latitude, depends how friendly the IRS agent is when you get audited.
Logged


Agonizing over what cannot be is an insult to what is.

Offline Tyler

  • The Count of Sly
  • Administrator
  • Sly Nobility
  • *****
  • Posts: 13405
  • Country: us
    • SILIST - Smitty's Information List
Re: OMG!....Business Expense?...Are you kidding?
« Reply #6 on: March 06, 2008, 01:22:27 AM »
I Know that my developer friends write off their books that are guides for their software development.
Logged
People are not limited by the circumstance that they are born in. They are limited by the size of their dreams. Show them that their dreams can have no limits and in turn their accomplishments can be limitless.

BaldRob

  • Guest
Re: OMG!....Business Expense?...Are you kidding?
« Reply #7 on: March 06, 2008, 05:57:58 AM »
Quote from: schro on March 05, 2008, 04:43:36 PM
http://www.irs.gov/pub/irs-pdf/i2106.pdf

This is the instructions for Line 20 on your Schedule A. The definition of an allowable expense provides for some latitude, depends how friendly the IRS agent is when you get audited.

He's not a CPA... but he did stay in a Holiday Inn Express last night!
Logged

Offline schro

  • WORK SUCKS, I'M GOING GOLFING.
  • Sly Moderator
  • Sly Nobility
  • *****
  • Posts: 5848
Re: OMG!....Business Expense?...Are you kidding?
« Reply #8 on: March 06, 2008, 05:59:13 AM »
Quote from: BaldRob on March 06, 2008, 05:57:58 AM
Quote from: schro on March 05, 2008, 04:43:36 PM
http://www.irs.gov/pub/irs-pdf/i2106.pdf

This is the instructions for Line 20 on your Schedule A. The definition of an allowable expense provides for some latitude, depends how friendly the IRS agent is when you get audited.

He's not a CPA... but he did stay in a Holiday Inn Express last night!

And I had a fruited beer!
« Last Edit: March 06, 2008, 07:28:32 AM by Robmeister »
Logged


Agonizing over what cannot be is an insult to what is.

Offline Mikekoz13

  • Sure you can rub it... all the girls want to...
  • Sly Moderator
  • Sly Nobility
  • *****
  • Posts: 8630
  • Country: us
Re: OMG!....Business Expense?...Are you kidding?
« Reply #9 on: March 06, 2008, 10:45:34 AM »
Quote from: schro on March 06, 2008, 05:59:13 AM
Quote from: BaldRob on March 06, 2008, 05:57:58 AM
Quote from: schro on March 05, 2008, 04:43:36 PM
http://www.irs.gov/pub/irs-pdf/i2106.pdf

This is the instructions for Line 20 on your Schedule A. The definition of an allowable expense provides for some latitude, depends how friendly the IRS agent is when you get audited.

He's not a CPA... but he did stay in a Holiday Inn Express last night!

And I had a fruited beer!

                       FRUITED BEER!!!???? That, my friend, is against all good  things that BEER represents!

                                (now back to our regularly scheduled program...)
« Last Edit: March 07, 2008, 08:19:39 AM by Robmeister »
Logged
"What contemptible scoundrel stole the cork from my lunch?" W.C. Fields

Offline schro

  • WORK SUCKS, I'M GOING GOLFING.
  • Sly Moderator
  • Sly Nobility
  • *****
  • Posts: 5848
Re: OMG!....Business Expense?...Are you kidding?
« Reply #10 on: March 06, 2008, 11:20:27 AM »
Mike, I didn't partake in a fruited beer last night (actually had a Bud since pburke steered me away from Coors on account of their gun control position)......please ask BaldRob about fruited beer.
Logged


Agonizing over what cannot be is an insult to what is.

BaldRob

  • Guest
Re: OMG!....Business Expense?...Are you kidding?
« Reply #11 on: March 06, 2008, 12:37:49 PM »
Quote from: schro on March 06, 2008, 11:20:27 AM
Mike, I didn't partake in a fruited beer last night (actually had a Bud since pburke steered me away from Coors on account of their gun control position)......please ask BaldRob about fruited beer.

I know absolutely nothing about fruited beer... However, I will have to say that California is a pretty fruity place so you Californians should definitely know about that!! ???
Logged

Offline schro

  • WORK SUCKS, I'M GOING GOLFING.
  • Sly Moderator
  • Sly Nobility
  • *****
  • Posts: 5848
Re: OMG!....Business Expense?...Are you kidding?
« Reply #12 on: March 06, 2008, 01:19:36 PM »
Quote from: BaldRob on March 06, 2008, 12:37:49 PM
Quote from: schro on March 06, 2008, 11:20:27 AM
Mike, I didn't partake in a fruited beer last night (actually had a Bud since pburke steered me away from Coors on account of their gun control position)......please ask BaldRob about fruited beer.

California is a pretty fruity place ...

That it is...agriculture is very important to CA.
Logged


Agonizing over what cannot be is an insult to what is.

Offline herronm

  • Go Cowboys!!!
  • Team Sly
  • Sly Bureau
  • ******
  • Posts: 1240
  • It is better to be a has-been than a never-was.
Re: OMG!....Business Expense?...Are you kidding?
« Reply #13 on: March 06, 2008, 02:30:40 PM »
We order books and training reference just like copy paper and toner.

Max
Logged
<a href="http://www.imagechef.com/" target="_blank"> [img width= height= alt=ImageChef.com - Custom comment codes for MySpace, Hi5, Friendster and more]http://cdnll.users1.imagechef.com/ic/stored/users_104/522427/sampb33dac96f67b530e.jpg[/img] [/url]<img style="visibility:hidden;width:0px;height:0px;" border=0 w

Offline Alexander215

  • Sly Bureau
  • *****
  • Posts: 1477
Re: OMG!....Business Expense?...Are you kidding?
« Reply #14 on: March 06, 2008, 07:03:38 PM »
Google it?
Logged
Pages: [1] 2   Go Up
« previous next »