Sly Bald Guys Forum

Confidence and Success => Business/Work => Topic started by: Robmeister on March 05, 2008, 09:05:00 AM

Title: OMG!....Business Expense?...Are you kidding?
Post by: Robmeister 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
Title: Re: OMG!....Business Expense?...Are you kidding?
Post by: PigPen on March 05, 2008, 09:20:44 AM: Nice headline
Title: Re: OMG!....Business Expense?...Are you kidding?
Post by: Paul 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.
Title: Re: OMG!....Business Expense?...Are you kidding?
Post by: schro on March 05, 2008, 01:40:34 PM: Yes.
Title: Re: OMG!....Business Expense?...Are you kidding?
Post by: Robmeister 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?
Title: Re: OMG!....Business Expense?...Are you kidding?
Post by: 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.
Title: Re: OMG!....Business Expense?...Are you kidding?
Post by: Tyler 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.
Title: Re: OMG!....Business Expense?...Are you kidding?
Post by: 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!
Title: Re: OMG!....Business Expense?...Are you kidding?
Post by: 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!
Title: Re: OMG!....Business Expense?...Are you kidding?
Post by: Mikekoz13 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...)
Title: Re: OMG!....Business Expense?...Are you kidding?
Post by: 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.
Title: Re: OMG!....Business Expense?...Are you kidding?
Post by: 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.

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!! ???
Title: Re: OMG!....Business Expense?...Are you kidding?
Post by: schro 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.
Title: Re: OMG!....Business Expense?...Are you kidding?
Post by: herronm on March 06, 2008, 02:30:40 PM: We order books and training reference just like copy paper and toner.

Max
Title: Re: OMG!....Business Expense?...Are you kidding?
Post by: Alexander215 on March 06, 2008, 07:03:38 PM: Google it?
Title: Re: OMG!....Business Expense?...Are you kidding?
Post by: Robmeister on March 07, 2008, 08:21:51 AM: Quote from: shdwwlk on March 06, 2008, 07:03:38 PM
Google it?

Nope....easier to throw it up on the board....accountants-o-plenty here.

Already got my answer....thanks dudes!