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Posted by removeps-groups@yahoo.com on April 12, 2008, 1:05 am
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Can entertainment expenses be deductible in these cases: rock concerts
if you're a manager of a rock band and have to go to concerts to
evaluate the market (studying sounds, acoustics, clientele). Anything
else?
Can meals be deductible in full for these cases: dog food if you're a
dog walker, food for children if you're a daycare worker. Anything
else?
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Posted by Bill Brown on April 12, 2008, 6:21 am
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On Apr 12, 1:05 am, "removeps-gro...@yahoo.com" <removeps-
gro...@yahoo.com> wrote:
> Can entertainment expenses be deductible in these cases: rock concerts
> if you're a manager of a rock band and have to go to concerts to
> evaluate the market (studying sounds, acoustics, clientele). Anything
> else?
>
50%
> Can meals be deductible in full for these cases: dog food if you're a
> dog walker, food for children if you're a daycare worker. Anything
> else?
100% of these costs.
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<< 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 >>
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<< Copyright (2007) - All rights reserved. >>
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Posted by Dick Adams on April 12, 2008, 7:54 am
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>> Can entertainment expenses be deductible in
>> these cases: rock concerts if you're a manager
>> of a rock band and have to go to concerts to
>> evaluate the market (studying sounds, acoustics,
>> clientele). Anything else?
> 50%
I agree it's 50% if you take a date with you.
Otherwise these are "Scouting Costs" at 100%,
not entertainment expenses.
>> Can meals be deductible in full for these cases:
>> dog food if you're a dog walker, food for
>> children if you're a daycare worker. Anything
>> else?
> 100% of these costs.
The dog walker gets a Schedule C deduction.
If the daycare worker is an employee of a daycarw
operator, I don't see the deduction. But it is
100% for the daycare operator.
Dick
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<< ------------------------------------------------------- >>
<< 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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Posted by Seth on April 12, 2008, 1:00 pm
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>>> Can entertainment expenses be deductible in
>>> these cases: rock concerts if you're a manager
>>> of a rock band and have to go to concerts to
>>> evaluate the market (studying sounds, acoustics,
>>> clientele). Anything else?
>
>> 50%
>
>I agree it's 50% if you take a date with you.
>Otherwise these are "Scouting Costs" at 100%,
>not entertainment expenses.
What if the "date" is an acoustic engineer?
Seth
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<< ------------------------------------------------------- >>
<< 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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Posted by Paul Thomas, CPA on April 12, 2008, 2:17 pm
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> What if the "date" is an acoustic engineer?
Dates are not business related.
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<< ------------------------------------------------------- >>
<< 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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