[Dixielandjazz] Tax Tip - Charity Gigs

[Larry Walton Entertainment - St. Louis]

Excellent advice to the guys who are "donating" their services for anything.
Larry
----- Original Message ----- 
From: "Stephen G Barbone" <barbonestreet at earthlink.net>
To: "Larry Walton" <larrys.bands at charter.net>
Cc: "Dixieland Jazz Mailing List" <dixielandjazz at ml.islandnet.com>
Sent: Friday, February 22, 2008 3:50 PM
Subject: [Dixielandjazz] Tax Tip - Charity Gigs


> There is a way to get the 48.5 cents a mile deduction for charity gigs.
>
> 1) Get paid for the gig, say $100.
>
> 2) Immediately donate $100 back to the charity via your check.
>
> Eureka, it was a paid gig which qualifies for the full 48.5 cents a  mile 
> and the payment vs. donation is a wash.
>
> Many performers donate their performance fees in this manner and  that's 
> why they do it.
>
> If you buy a new car every 3 years, your actual costs of the car are  more 
> than 48 cents a mile in most cases. If Uncle Sam wants to cheat  you out 
> of more money by only allowing you 14 cents a mile, why not  fight back?
>
> Cheers,
> Steve Barbone
>
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