Business Write-Offs

by Nancy Shea
(Petaluma, CA)

Business Write-Offs

Business Write-Offs

I have a few questions regarding write offs. I have been working as an independent sales rep for about 4 months. It requires driving to a meeting with potential customers. I have not made one sale yet but have invested time and money (in the way of gas, mileage, and meals.)


I also need to get a blackberry so I can organize my appointments and e-mail. Can I write off my phone bill? What can I writeoff? What proof should I keep record of?

Thank you.

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Can I Write Off The Cost of Ice Skating?

by Lou
(California)


My daughter is only 10, but has been training and competitively ice skating for many years. The last few years, the cost of coaches, equipment, ice time, etc. has reached in the range of $10,000 to $12,000 a year. I thought this was always a non-deductible expense. However, when speaking to some of the other parents who were advised by their tax professionals, they write it off as a business expense. They said something to the fact that they are investing in the career of a future paid athlete(hopefully). Does this sound legit? Do they do a schedule C and show no income but all the costs as a loss? Would this trigger an audit?
Thank you,
Lou

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Custody and Access Legal Fee Write Offs

Hello,

I heard that if you are in the middle of divorce and custody and access of the child has been an ongoing issue please tell me if any or all of these fees from my lawyer are tax write off? I was told that any legal fees that had to do with custody and access could be used as a tax break can you confirm this?

Thanks

Donna L


Hello Donna,

Thank you for your question.

What you heard is basically correct. The IRS Publication states that you can usually deduct legal expenses that you incur in attempting to produce or collect taxable income or that you pay in connection with the collection or refund of any tax.

You can also deduct legal expenses that are related to either doing or keeping your job, for tax advice related to a divorce, if the bill specifies how much is for tax advice, or to collect taxable alimony.

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Writing of Membership To Shed Aquarium

How do I write off my membership to the shed aquarium?

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