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#1
03-15-2006, 07:49 AM
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 Re: A novel piece of "advice" "Nan, EA in LA" <naneklund[at]aol.com> wrote: - quote - > Probably just as handy and the sheets we hand out,
Old shoes? Don't you realize these are collectors' items?> downloaded from the internet, from the Salvation Army on low > and high values for donated goods. Stops some inflated > ideas about old shoes.......... In fact this pair was worn by Wilt Chamberlain's college roommate's girlfriend's cousin's teacher's cleaning lady's son. They should be worth a bundle! Stu << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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03-13-2006, 05:56 PM
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| Re: A novel piece of "advice" Harlan Lunsford wrote: - quote - > Every year one or two clients want to deduct the 100$ ticket
Personally I'd copy that backside, highlight the IRS caveat,> they bought on an expensive new house, given away by the St > Jude's children's hospital in Memphis. And every year I > have to explain that raffle tickets are not deductible. > Today in a client's "stuff" was an actual ticket. Nowhere > on the face of it did it indicate "tax deductible". But on > the back among the 15 or more items, rules, caveats, > administrative pronouncements, was this: "IRS takes the > position that the price of this ticket is not deductible for > income tax purposes." > I'll leave it up to you to determine what they just might be > implying. and frame in on the office wall for "pointing to" purposes. Probably just as handy and the sheets we hand out, downloaded from the internet, from the Salvation Army on low and high values for donated goods. Stops some inflated ideas about old shoes.......... Nan, EA in LA << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
03-12-2006, 07:27 AM
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| A novel piece of "advice" Every year one or two clients want to deduct the 100$ ticket they bought on an expensive new house, given away by the St Jude's children's hospital in Memphis. And every year I have to explain that raffle tickets are not deductible. Today in a client's "stuff" was an actual ticket. Nowhere on the face of it did it indicate "tax deductible". But on the back among the 15 or more items, rules, caveats, administrative pronouncements, was this: "IRS takes the position that the price of this ticket is not deductible for income tax purposes." I'll leave it up to you to determine what they just might be implying. ChEAr$, Harlan Lunsford, EA n LA Fri 10 mar 2006 << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| advice, piece |
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