[Dixielandjazz] 1099's

[dwlit at cpcug.org]

Actually, having her come to me was much more convenient. And I guess it
worked well because it was patently obvious there was no other possible
use for my Augean office. She asked about the costume deduction, I reached
over and waved a red and white striped vest that was hanging up.

BTW, the food deduction was all local fast food and salad bars, except one
out-of-town receipt for $32 that didn't phase her--it was in conjunction
with a gig. At the time anything over 100 miles was considered "away", so
it was OK, but the less than 100 miles was considered food you'd get
anyway.

--Sheik
http://americanmusiccaravan.com

> I've been advised that one should have the audit, if possible, in the
> auditor's office, rather than your own.  That way the auditor can't really
> go on a fishing expedition to see what else you have.  You would be
> advised in advance what records to bring with you.
>     Rae Ann (a degree in Accounting. [ Honest!] Also a Master's in Social
> Work)
>
>  -------------- Original message ----------------------
> From: dwlit at cpcug.org
>> I was audited in 1988. I had been told by a tax lawyer musician not to
>> be
>> afraid of the audit, but to consider it an educational opportunity. They
>> weren't out to get me, but to determine whether I needed to be gotten.
>>
>> The auditor spent 3 whole days *in my office*, even took receipts with
>> her
>> when she left. She examined literally every cent of *all* my finances.
>> She
>> asked questions, gave me a lot of tips. She found only one taxable
>> error--a $250 deduction for food bought on the way to various gigs.
>>
>> She was very pleasant, if businesslike, quite attractive, and sitting as
>> I
>> was at my computer table while she sat at my desk, I had a nice view of
>> her veddy nice figure...
>>
>> So keep all your receipts, bank and credit card statements. and don't be
>> stupid in claiming deductions. As Steve said, deduct aggressively, but I
>> would add: Be able to explain convincingly how every one of them relates
>> to your music business.
>>
>> --Sheik
>> http://americanmusiccaravan.com
>>
>> Steve Barbone wrote:
>> >
>> > As Tom Wiggins says, just have the receipts to back up what you deduct
>> and
>> > declare the income. Be aggressive in you deductions, no harm in that.
>> Then
>> > if they audit you, they'll just take a few bucks if they disallow. And
>> > like
>> > John McLernan says, DO NOT VOLUNTEER INFORMATION JUST ANSWER QUESTIONS
>> > ABOUT
>> > WHAT IS ON YOUR AUDIT NOTICE. Do not bring all records, just those
>> which
>> > they ask for.
>>
>>
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>
>
>