I'm cheating to try to make money so, does that mean I'm not cheating? Seriously, I've done the sole-proprietor thing for a few years now. And if you do consulting work on the side there are a ton of things you can write off and it's perfectly legal and ethical. You would be surprised once you start writing stuff off how hard it is to turn a "profit" when filing your taxes.
BTW.. I'm not a accountant nor do I play one on television. KLT "Routers are what tiggers do best you know!" "Hire, Ejay" wrote in message [EMAIL PROTECTED]">news:[EMAIL PROTECTED]... > The best way to do that is to call youself a sole-proprietor of a business. > Then you can also deduct travel costs, supplis, etc. This will also allow > you to report any profits you may have made from independent consulting. If > you are like me, you could have made several thousand dollars on consulting > and still reported a loss. > > The rule is: If you do it only to save on taxes it's tax evasion. If you > are trying to make money, It's tax planning! > > -----Original Message----- > From: Chuck Larrieu [mailto:[EMAIL PROTECTED]] > Sent: Sunday, February 03, 2002 1:02 PM > To: [EMAIL PROTECTED] > Subject: Off Topic - tax deductions for studies [7:34270] > > > As I gather together my 2001 tax year materials, I thought I'd just offer to > the group that the cost of books, classes, home lab routers, etc. MAY be tax > deductible. > > there are provisions in the tax code for deducting the cost of those > training materials and classes which contribute to your ongoing ability to > perform your job. > > As always, you should check with a qualified accountant to assure that you > are eligible and in compliance with the zillions of tax laws out there. > > Chuck Message Posted at: http://www.groupstudy.com/form/read.php?f=7&i=34343&t=34270 -------------------------------------------------- FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
