Re: another tax question

Posted by Allen Goodman on February 20, 2011 at 10:46:46 from (174.22.173.233):

In Reply to: another tax question posted by Dave from MN on February 20, 2011 at 09:18:41:

You can deduct any repairs/materials/shop supplies/services that apply towards your equipment/property. If you have a in home office, deduct the sqaure footage, pro-rate your utilities for that space, percentage of your computer/printer that's used business, trash pickup, telephone/cell phone usage. Basically, you can deduct anything that you can justify supporting the business. I deduct my tractor pulling expenses under Advertising (lodging, fuel)for each pull. Since I'm the coordinator for our 4th of July activies, I make a invoice for the my man hours/equipment and attach a receipt from the town with their non-profit tax ID#. No problems to date. Been aduitted 3 times the last 10 years with no faults noted. Matter of a fact, the last audit, the auditor told me to deduct my tractor pulling expenses.

Replies:

• Re: another tax question James22 11:20:45 02/20/11 (0)

Add a Reply Name: E-Mail: Subject: Comments: Optional Link URL: Link Title: Optional Image URL: Optional Video Title: Optional Video URL: Advanced Posting Options Email Notification: If you check this box, email will be sent to you whenever someone replies to this message. Your email address must be entered above to receive notification. This notification will be cancelled automatically after 2 weeks.   Advanced Posting Tools   Upload Photo  Select Gallery Photo  Attach Serial # List  Return to Post

TRACTOR PARTS	TRACTOR MANUALS

We sell tractor parts!  We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]