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#9
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| 123go wrote: - quote - > "Harlan Lunsford" <hlunsford[at]bellsouth.net> wrote in message
not interpreting tax law.> news:48CF1E75.7030409[at]bellsouth.net... > > Mark Bole wrote: > > > removeps-groups[at]yahoo.com wrote: > > > > > > Examples I can think of are bus fare and toilet fees (they > > > > have this in France). > > > They also have bus fare in the U.S. Are toilet fees deductible in > > > France? I don't think they are in U.S., unless you are in the business > > > of providing toilets or toilet-related services. > > > > Right; most definitely a personal expense. > If I don't travel for business, I can pee for free. thus, the toilet > expense must be a business expense. "If....then" statements work well in computer programming, but ChEAr$, Harlan Lunsford, EA n LA -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#8
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| On Sep 15, 7:25 pm, "removeps-gro...[at]yahoo.com" <removeps- gro...[at]yahoo.com> wrote: - quote - > What is the ratio of expenses without receipts to total expenses?
I keep 95% of my receipts above $35 and maybe 80% below $35 . Is thisgood enough to convince an auditor I am 'honest'? -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#7
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| "Harlan Lunsford" <hlunsford[at]bellsouth.net> wrote in message news:48CF1E75.7030409[at]bellsouth.net... - quote - > Mark Bole wrote:
If I don't travel for business, I can pee for free. thus, the toilet> > removeps-groups[at]yahoo.com wrote: > > > > Examples I can think of are bus fare and toilet fees (they > > > have this in France). > > > They also have bus fare in the U.S. Are toilet fees deductible in > > France? I don't think they are in U.S., unless you are in the business > > of providing toilets or toilet-related services. > > Right; most definitely a personal expense. expense must be a business expense. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#6
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| Seth wrote: - quote - > In article <48CF1E75.7030409[at]bellsouth.net> ,
be a personal expense, similar to the personal massages she gives me.> Harlan Lunsford <hlunsford[at]bellsouth.net> wrote: > > Mark Bole wrote: > > > removeps-groups[at]yahoo.com wrote: > > > > > > Examples I can think of are bus fare and toilet fees (they > > > > have this in France). > > > They also have bus fare in the U.S. Are toilet fees deductible in > > > France? I don't think they are in U.S., unless you are in the business > > > of providing toilets or toilet-related services. > > > > Right; most definitely a personal expense. > On a business trip, stuff I could do for free at home (if I were home) > but that costs money because I'm travelling is deductible. > (E.g. laundry.) > > Like haircuts. (but my hair GROWS on company time!) > Suppose normally your wife cuts your hair (free), but on a months-long > business trip you go to a barber. Would that be deductible? She does but even if I had to pay for it out of town, that would still Could I thus deduct those personal "massages"? away from home? ChEAr$, Harlan -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#5
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| Seth wrote: - quote - > On a business trip, stuff I could do for free at home (if I were home)
That is not a general rule. Laundry is specifically defined as a travel> but that costs money because I'm travelling is deductible. > (E.g. laundry.) expense (see Pub 463, table 1-1), so that is not a relevant example. Laundry is specifically excluded as an incidental expense, same page. - quote - > > Like haircuts. (but my hair GROWS on company time!)
No. Even people required as a condition of employment to get frequent> Suppose normally your wife cuts your hair (free), but on a months-long > business trip you go to a barber. Would that be deductible? haircuts (e.g. military members) do not have a deductible employee or business-related expense for that. Besides, when you start talking about "months long" business trip, you raise questions about tax home. Pub 463 mentions an optional method for deducting incidental expenses at a flat daily rate. Beyond that, it's facts and circumstances. See Pub 463. Here's one, how about hotel in-call massages you pay for to relieve the stress of traveling on business? -Mark Bole -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#4
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| In article <48CF1E75.7030409[at]bellsouth.net> , Harlan Lunsford <hlunsford[at]bellsouth.net> wrote: - quote - > Mark Bole wrote:
On a business trip, stuff I could do for free at home (if I were home)> > removeps-groups[at]yahoo.com wrote: > > > > Examples I can think of are bus fare and toilet fees (they > > > have this in France). > > > They also have bus fare in the U.S. Are toilet fees deductible in > > France? I don't think they are in U.S., unless you are in the business > > of providing toilets or toilet-related services. > > Right; most definitely a personal expense. but that costs money because I'm travelling is deductible. (E.g. laundry.) - quote - > Like haircuts. (but my hair GROWS on company time!)
Suppose normally your wife cuts your hair (free), but on a months-longbusiness trip you go to a barber. Would that be deductible? Seth -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#3
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| Mark Bole wrote: - quote - > removeps-groups[at]yahoo.com wrote:
Like haircuts. (but my hair GROWS on company time!)> > Examples I can think of are bus fare and toilet fees (they > > have this in France). > They also have bus fare in the U.S. Are toilet fees deductible in > France? I don't think they are in U.S., unless you are in the business > of providing toilets or toilet-related services. Right; most definitely a personal expense. ChEAr$, Harlan Lunsford, EA n LA -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#2
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| On Sep 15, 6:40 pm, Mark Bole <ma...[at]pacbell.net> wrote: - quote - > removeps-gro...[at]yahoo.com wrote:
In either case you need receipts. Except in the case of 5%, maybe> > What is the ratio of expenses without receipts to total expenses? > Let's try two answers, just hypothetically. 5%, and 50%. there's a chance you can get away with it? Is this true? - quote - > > Often you can get receipts by contacting the company.
Yeah, it's possible if they have good records in a computer, like at> "even for small amounts of money" ? companies with a web storefront. Stores like Circuit City which have a web and physical store presence, may even be able to help you if you bought everything at the physical store, but I'd need to test that out. - quote - > > Examples I can think of are bus fare and toilet fees (they
If you were on a business trip in the US or France, and had toilet> > have this in France). > They also have bus fare in the U.S. Are toilet fees deductible in > France? I don't think they are in U.S., unless you are in the business > of providing toilets or toilet-related services. fees, they would be deductible. I don't know anywhere in the US that has these fees though. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#1
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| removeps-groups[at]yahoo.com wrote: - quote - > On Sep 15, 12:24 pm, nonse...[at]mynonsense.net wrote:
Do you have contemporaneous notes or logs to show the business purpose> > I am quite dilligent about keeping all business expense receipts even > > for small amounts of money. My question is should I still report an > > expense if I have lost the receipt but do have credit card statements > > to proove it? of the expense? - quote - > What is the ratio of expenses without receipts to total expenses?
Let's try two answers, just hypothetically. 5%, and 50%.- quote - > Often you can get receipts by contacting the company.
"even for small amounts of money" ?- quote - > Examples I can think of are bus fare and toilet fees (they
They also have bus fare in the U.S. Are toilet fees deductible in> have this in France). France? I don't think they are in U.S., unless you are in the business of providing toilets or toilet-related services. -Mark Bole -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| On Sep 15, 12:24 pm, nonse...[at]mynonsense.net wrote: - quote - > I am quite dilligent about keeping all business expense receipts even
What is the ratio of expenses without receipts to total expenses?> for small amounts of money. My question is should I still report an > expense if I have lost the receipt but do have credit card statements > to proove it? Often you can get receipts by contacting the company. - quote - > Also is there any minimum amount for which no receipt is required,
There's no limit. But if a receipt is not readily available, then> like $25 and under expenses? it's OK. Examples I can think of are bus fare and toilet fees (they have this in France). -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
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| I am quite dilligent about keeping all business expense receipts even for small amounts of money. My question is should I still report an expense if I have lost the receipt but do have credit card statements to proove it? I would think an auditor would appreciate my diligence with record keeping and be convinced my expenses for which I do not have actual receipts are legitimate? Also is there any minimum amount for which no receipt is required, like $25 and under expenses? -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| missing, receipts |
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