Go Back   CDN Business Directory > Main Category > Taxes

 
 
Thread Tools Display Modes
  #2  
Old 06-20-2006, 06:12 AM
Tim
Guest
 
Posts: n/a
Default Re: deducting charitable cell phone bills?

"David Woods" <davidwoods[at]verizon.net> wrote:
- quote -

> "Tim" <Tim5464[at]yahoo.com> wrote:

> > I just got a $175 cell phone bill. It would have been $75
> > if my wife hadn't used it extensively as part of her
> > volunteer work as VP of a charity.
> > > Can the $100 be deducted? How exactly?
> > > I have read her the riot act; there is simply no reason for

> > a 45 minute cell phone when the land line is available.
> > Hopefully there will be no more $175 bills.


> It would be a deductible out of pocket cost. I would
> question though your plan where a 45 minute call costs you
> $100.


No, the 45 minute call only cost $20. It was the other 50 5
minute calls that did it. I can kinda see why she would not
want to tell someone calling her that she will call him back
on a land line for a 5 minute call; but for a 45 minute
call?! That's all.

<< ================================================== ===== > << 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. > << ================================================== ===== >
  #1  
Old 06-19-2006, 03:48 AM
David Woods
Guest
 
Posts: n/a
Default Re: deducting charitable cell phone bills?

"Tim" <Tim5464[at]yahoo.com> wrote:

- quote -

> I just got a $175 cell phone bill. It would have been $75
> if my wife hadn't used it extensively as part of her
> volunteer work as VP of a charity.
> Can the $100 be deducted? How exactly?
> I have read her the riot act; there is simply no reason for
> a 45 minute cell phone when the land line is available.
> Hopefully there will be no more $175 bills.


It would be a deductible out of pocket cost. I would
question though your plan where a 45 minute call costs you
$100.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

<< ================================================== ===== > << 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. > << ================================================== ===== >
 
Old 06-19-2006, 03:29 AM
D. Stussy
Guest
 
Posts: n/a
Default Re: deducting charitable cell phone bills?

Tim wrote:

- quote -

> I just got a $175 cell phone bill. It would have been $75
> if my wife hadn't used it extensively as part of her
> volunteer work as VP of a charity.
> Can the $100 be deducted? How exactly?
> I have read her the riot act; there is simply no reason for
> a 45 minute cell phone when the land line is available.
> Hopefully there will be no more $175 bills.


It goes on Schedule A on the first line for contributions,
just as if you gave cash.

With that amount of expense in a single month, watch out for
the acknowledgement substantiation requirement of IRC
Section 170(f)(8). The Tax Court in 2003 extended this to
"out of pocket" expenditures for the benefit of a charitable
organization and did NOT treat them as separate but
aggregrated the entire year's spread together in determining
the $250.00 threshold that triggers the acknowledgement.

<< ================================================== ===== > << 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. > << ================================================== ===== >
  #-1  
Old 06-18-2006, 01:05 AM
Tim
Guest
 
Posts: n/a
Default deducting charitable cell phone bills?

I just got a $175 cell phone bill. It would have been $75
if my wife hadn't used it extensively as part of her
volunteer work as VP of a charity.

Can the $100 be deducted? How exactly?

I have read her the riot act; there is simply no reason for
a 45 minute cell phone when the land line is available.
Hopefully there will be no more $175 bills.

<< ================================================== ===== > << 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. > << ================================================== ===== >
 

Tags
bills, cell, charitable, deducting, phone
Similar Threads
Thread Forum Replies Last Post
Cell phone / Internet deductible?
google.20.r1424@spamgourmet.com: As a hospital employed physician are your monthly cell phone expenses and/or high-speed internet fees deductible? I briefly checked Pub's 17+529,...
Taxes 1 02-01-2006 12:59 AM
cell phone deduction question
kellye smith: My husband and I share a two-line cell account. He uses the primary line, and I use the secondary. The last few months, since he travels a lot, his...
Taxes 4 01-27-2004 09:33 PM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 03:42 PM.