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The Truth About who knows what.
"Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "P Fritz" wrote in message ... "NOYB" wrote in message nk.net... "Sir Rodney Smithers" Ask me about my knighthood. wrote in message ... NOYB, You are just upset because you would have to fill some cavities to write off your trip, but it still might be a good deal. There are all sorts of "grey area" methods to save taxes. Writing off non-business related trips as a business expense is not my way to save taxes. As a corporation, I could make my wife an officer, and then write-off *any* trip that I take by simply keeping a journal of daily "business meetings". But I consider that unethical...and would never do it. But there are always those educational seminars held in luxury vacations spots. The medical doctors seem to really be hooked on those. The only one I take advantage of is the annual Florida Dental Association meeting in Orlando. But I must get an advertisement for a new one in some exotic locale almost every day in the mail. I *will* be attending the ADA meeting in Hawaii in 2009 though. ;-) I get clients to pay for many of my trips. They usually want some sort of presentation from me at their meetings. Since I am on a retainer fee, they don't have to pay more for me to be there, so they're glad to pick up my airfare, hotel, meals, et cetera. I was invited to a meeting next month in Seattle, but I talked the client into putting me off until Spring. I do hope the sun shines a little in Seattle in the Spring. Do you claim the trip as income? I should be embarrassed to say this, but I don't know. My books are handled by an accountant, and he prepares my taxes, too. I follow his advice. When I say "pick up" my travel expenses, I pay for them up front, submit a voucher and receipts, and get reimbursed. I don't mark up these purchases, so I suspect they are a wash, tax-wise. I hope he is a union accountant! |
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