From: Rastafari [mailto:rastaf...@gmail.com]
Sent: Monday, January 19, 2009 7:06 PM
To: cf-community
Subject: Re: taxes and work for non-profits?
all virtual :)
hahahahaa
s'all good, we took a trip to las vegas to talk to a client, that whole
thing
will be taken care of... just working
Just make sure you get a letter.. sometimes they want to specify the amount
in the letter which I try to stay away from.
-Original Message-
From: Dana [mailto:dana.tier...@gmail.com]
Sent: Monday, January 19, 2009 6:47 PM
To: cf-community
Subject: Re: taxes and work for non-profits?
I
On Mon, Jan 19, 2009 at 4:06 PM, Rastafari wrote:
> ... just working on as many deductions as possible.
>
weeglets :D
--
I have failed as much as I have succeeded. But I love my life. I love my
wife. And I wish you my kind of success.
~
all virtual :)
hahahahaa
s'all good, we took a trip to las vegas to talk to a client, that whole thing
will be taken care of... just working on as many deductions as possible.
thanks!
Better than a thousand hollow words, is one word that brings peace.
-- siddhartha gautama
On Mon, Jan 19, 20
was your deliverable a design or a product? Real goods = something
that occupies space and has dimensions. A banner would qualify. A
design for a banner would not.
On Mon, Jan 19, 2009 at 2:40 PM, Rastafari wrote:
> real goods = graphics, banners etc that i did for a lower hourly rate for
> the
I once researched this and came to the same conclusion. You cannot
take a tax deduction for time. However, any mileage, hosting, or
supplies might be eligible...
On Mon, Jan 19, 2009 at 2:27 PM, William Bowen wrote:
>> if my REAL price for work is $x/hour and i only charged $y/hr
>> can i claim t
thanks scott, and everyone else, let me know tho, if you find out
anything to the contrary :)
thanks
Better than a thousand hollow words, is one word that brings peace.
-- siddhartha gautama
On Mon, Jan 19, 2009 at 5:29 PM, Scott Raley wrote:
> My accountant has told me that you can not write
My accountant has told me that you can not write off labor. I usually use
hardware/materials as the piece that I write off. I'm currently registered
as an LLC and even switching to an S corp didn't change anything. I'll check
tomorrow to see if anything has changed but I did not get to write off
an
My accountant has told me that you can not write off labor. I usually use
hardware/materials as the piece that I write off. I'm currently registered
as an LLC and even switching to an S corp didn't change anything. I'll check
tomorrow to see if anything has changed but I did not get to write off
an
Scott Raley has the low down on this since the majority of his clients are
charities.
~|
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n-thing the "talk to a cpa" advice. One thing I've heard done is to
have the charity pay you full rate and then donate money to the
charity. They end up with a lower outlay for the work you did and you
have a charitable donation. Of course in that situation you have to
count the full billed rate as
i'm guessing that'd be considered a service. but as willbo says... check
with a CPA-type person.
On Mon, Jan 19, 2009 at 1:40 PM, Rastafari wrote:
> real goods = graphics, banners etc that i did for a lower hourly rate for
> them?
>
> Better than a thousand hollow words, is one word that brings
real goods = graphics, banners etc that i did for a lower hourly rate for them?
Better than a thousand hollow words, is one word that brings peace.
-- siddhartha gautama
On Mon, Jan 19, 2009 at 4:27 PM, William Bowen wrote:
>> if my REAL price for work is $x/hour and i only charged $y/hr
>> ca
> if my REAL price for work is $x/hour and i only charged $y/hr
> can i claim the difference as a donation?
No. Only real goods can be deducted.
Check with an accountant to be doubly sure.
--
will
"If my life weren't funny, it would just be true;
and that would just be unacceptable."
- Carrie
I'd imagine you can only deduct the value of the services you
provided/charged. If you did it pro-bono, then you probably could deduct
your full rate per hour, since you agreed to a value of your services there
is a record of that charge.
On Mon, Jan 19, 2009 at 4:11 PM, Tony wrote:
> hi kids
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