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Post by dubber on May 11, 2010 18:51:08 GMT -6
What about all the miles driving to and from the field house during the summer? If it in fact can be counted as a second job. Here's how I understand this in relation to my FIRST job. I cannot write miles off to and from my office, just to and from business related functions (going to a clients office, etc.) So, my morning commute doesn't count, but my miles to go see somebody does. I don't know how that relates to a second job, but I work 40 miles away from our field house, so you can bet I'm asking my CPA if I can write that mileage off......... And that phrase "so you can bet I'm asking my CPA" is all you need to know. I have W-2 income from coaching, and multiple sources of 1099 income......my wife had W-2 income from two different sources, I have business expenses, I count a home office, the whole 9 yards....... Costs me $135 to get my taxes done........ No brainer.......
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Post by dubber on May 11, 2010 19:00:33 GMT -6
Airman, what's your point? my point is simple this, If everyone had to write out a check each month to government we would then have a flat tax which is much fairer and equitable. say 7% of your income goes to taxes you keep the other 93% to do as you wish. a consumption tax would be even more fair then a flat tax. according to the tax policy center only 47% wage earners pay taxes into the federal government. so 53% live off the other 47%. I personally believe we should tax the poor more. it would be a strong force to move them out of poverty. ben franklin warned about making the poor to comfortable in their poverty. Your numbers are off, but I agree with the concept. Give me more of my money, and I'm hiring someone to make my business bigger.............or spending it to boost other businesses. But, dude, look at your numbers........ONLY 47% pay federal?! That is definitely wrong. Also, I disagree with the poor people comments......it ain't that simple. And, like phantom said, in the end, this belongs on a libertarian website, not a football one.
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Post by 44dlcoach on May 11, 2010 19:07:58 GMT -6
PM me if you need the name of a good CPA
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Post by dubber on May 11, 2010 19:18:44 GMT -6
PM me if you need the name of a good CPA Sounds like somebody's in BNI.......... ;D
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Post by k on May 12, 2010 6:16:23 GMT -6
I personally believe we should tax the poor more. it would be a strong force to move them out of poverty. ben franklin warned about making the poor to comfortable in their poverty. I believe we should use the death penalty on tax frauds for a first offense and go back to the pre-80s tax brackets. =) To quote George HW Bush: Voodoo Economics.
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Post by dubber on May 12, 2010 7:46:48 GMT -6
I personally believe we should tax the poor more. it would be a strong force to move them out of poverty. ben franklin warned about making the poor to comfortable in their poverty. I believe we should use the death penalty on tax frauds for a first offense and go back to the pre-80s tax brackets. =) To quote George HW Bush: Voodoo Economics. Sounds like you run like a Kenya........uh, make that Keynesian That's cool........I would say something about how that model worked out for Greece, but I won't............. I'm kidding..........I mean, I really believe that, but I'm not that serious about it. Man, I'd really hate to get an informative thread like this one shut down, so I'm going to bow out........anyone want to talk economics, PM me. Other than that, be smart, get a CPA.
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Post by casec11 on May 12, 2010 11:31:26 GMT -6
Does this go for volunteer coaches (youth)? Hmmm... Yes, You can deduct mileage for driving and supplies used as long as it is volunteer for a "not for profit"
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Post by casec11 on May 12, 2010 11:40:24 GMT -6
I personally believe we should tax the poor more. it would be a strong force to move them out of poverty. ben franklin warned about making the poor to comfortable in their poverty. I believe we should use the death penalty on tax frauds for a first offense and go back to the pre-80s tax brackets. =) To quote George HW Bush: Voodoo Economics. If our company did not have to pay as much in taxes the money saved would go directly to growing the business. Example: New CNC machine (operator) or Invest in producing our own product to replace buying from overseas (Injection molds made and produced... New product brings more money in to company, more to sell, larger sales force, service, manufacturing all equals more jobs) nothing voodoo about it.
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Post by phantom on May 12, 2010 12:04:36 GMT -6
Last chance, guys.
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Post by Coach Bennett on May 12, 2010 12:10:16 GMT -6
What if you were traveling to Florida for an "interview"? With a letter saying so, could you deduct the trip?
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Post by dubber on May 12, 2010 12:11:29 GMT -6
What if you were traveling to Florida for an "interview"? With a letter saying so, could you deduct the trip? I would think so
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Post by dubber on May 12, 2010 12:12:15 GMT -6
This thread really is doing a service, I would hate to see it go. If I go back and edit my posts, can we keep it up?
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Post by phantom on May 12, 2010 12:15:30 GMT -6
This thread really is doing a service, I would hate to see it go. If I go back and edit my posts, can we keep it up? It's still up, isn't it? Just trying to nudge you guys to find someplace else to debate tax politics.
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Post by dubber on May 12, 2010 12:18:02 GMT -6
This thread really is doing a service, I would hate to see it go. If I go back and edit my posts, can we keep it up? It's still up, isn't it? Just trying to nudge you guys to find someplace else to debate tax politics. I mean, what I wrote is a little incendiary, so by editing the posts (and eschewing that material), we could avoid someone responding to those comments........ .........which would close the thread.
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Post by casec11 on May 13, 2010 6:58:23 GMT -6
What if you were traveling to Florida for an "interview"? With a letter saying so, could you deduct the trip? Yes, I believe you can deduct job search expenses.
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Post by airraider on May 13, 2010 12:28:24 GMT -6
What if you were traveling to Florida for an "interview"? With a letter saying so, could you deduct the trip? Yes, I believe you can deduct job search expenses. I want to say a coach on this board always sets up an interview in Florida during the summer so he can write off his vacation.. not sure who it was that said it though..
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Post by airman on May 13, 2010 12:46:13 GMT -6
can you deduct time? by this I mean if you go to a clinic can you charge an hourly rate for your time and then deduct it from your taxes?
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Post by casec11 on May 13, 2010 13:39:31 GMT -6
can you deduct time? by this I mean if you go to a clinic can you charge an hourly rate for your time and then deduct it from your taxes? I do not think so. I know its a fickle thing.. my CPA goes through a bunch of stuff with me and I remember some of it.. I would recommend seeing one but you want a good one. I have heard stories of many cpa's missing quite a bit, the good news is they can go back and find mistakes from previous years and fix them. But on the other hand if they are good they are probably expensive. If they are younger maybe not as expensive but find one that loves it like you love football. My CPA gets all pumped and excited when he finds deductions or loopholes. I googled tax deductions these came up: www.kiplinger.com/features/archives/the-mostoverlooked-tax-deductions.htmlwww.msnbc.msn.com/id/34961179/ns/business-personal_finance/one says job-hunting not tax deductible, but I swear I remember something this year for my wife... (there could have been a special tax cedit/deduction because of the economy.) Maybe find a Forum like hueys for taxes and ask some questions... I used to do them myself but it got to be too much of a hastle
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Post by 44dlcoach on May 13, 2010 21:07:03 GMT -6
You can't deduct time, and if you want to deduct job searching there are some rules involved, basically you have to be searching for a job in the same line of work, and you will only get a deduction if your expenses exceed 2% of your AGI, and you itemize deductions rather than taking the standard deduction.
If you want to see a list of expenses that are and aren't deductible, check out IRS Publication 529. Again, and I don't mean it to pimp my line of work, but if it is very complex these kinds of things are generally better handled by a CPA
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Post by alicia on Jun 16, 2010 4:31:41 GMT -6
For Shoes i have only one choice Coach shoes which was taken by a good and authentic Coach Outlet....
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Post by k on Jun 16, 2010 6:36:03 GMT -6
For Shoes i have only one choice Coach shoes which was taken by a good and authentic Coach Outlet.... Ni Hao Spammer.
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Post by coachzola on Jun 16, 2010 9:00:47 GMT -6
Hey guys, never thought I would see this thread. I am an accountant and can offer some insight if you have any questions, PM me. I'll work on a spread sheet for everyone if you are intersted, in terms of expenses (Income W2 v. 1099). Its our slow season between now and December, so I will have some time.
When I am finished I'll let you know. Not really good with posting information on forums, so might need some technical advice how to link a excel doc to you all.
Coach T
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