[Dixielandjazz] 1099's

[tcashwigg at aol.com]

 This too is an arguable point to defend the deductions Dave:

  Most professional touring acts and bands that are required to travel 
to play a gig that takes them away from home over the dinner or lunch 
hour ask for such meals to be provided by the promoter or venue since 
they are not able to be at home to prepare them for themselves, it is 
considered part of the bands compensation and a normal deductible 
expense for the promoter or venue, so if the band or band leader 
provides such meals for himself and his sidemen it is certainly 
deductible and defensible, especially now when they will only allow you 
to claim 50% of it anyway. I have justified deductions for meals as in 
Bar B Ques for band members during rehearsals. Explaining that while I 
did not have to pay them to come rehearse I did have legitimate 
expenses incurred to attract them to come and do so. Like I said you 
have to have a reasonable explanation and stand your ground.

 Cheers,

 Tom

 -----Original Message-----
 From: dwlit at cpcug.org
 To: dixielandjazz at ml.islandnet.com
 Cc: dwlit at cpcug.org
 Sent: Wed, 22 Feb 2006 12:18:02 -0600 (CST)
 Subject: Re: [Dixielandjazz] 1099's

  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.
 >>
 >>
 >> _______________________________________________
 >> Dixielandjazz mailing list
 >> Dixielandjazz at ml.islandnet.com
 >> http://ml.islandnet.com/mailman/listinfo/dixielandjazz
 >
 >
 >


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