On Jan 7, 2008, at 9:04 PM, itunepiano at aol.com wrote: > I would think most full time Cauts would tune at least a few pianos > on the side, which would then qualify for deductions on a scheduled > C. They could even take a business loss (deducting more expense > than income) if they wanted for two consecutive years (the third > year loss causes the IRS to call it a "hobby", not a business. I > once took a business loss on a band I played in - Deducted > equipment purchases against a pitiful income! Bob. > That really isn't the point. The point is, that this is yet one more deduction that the self-employed tech gets with no restrictions that the employee does not. On Jan 7, 2008, at 9:35 PM, Elwood Doss wrote: > Change accountants. > Joy! > Elwood > > I like my accountant. He gets me more money back than I know how to do and he is quite reasonable. He does taxes and I do pianos. I used to do my own taxes back when I was just getting a W-2, but after it got complicated I turned it over to somebody who spends their time with taxes. I took him copies of the three articles Randy Potter wrote for the PTJ a couple years back and he read them and told me you just can't do some of that stuff. Jeff Tanner, RPT University of South Carolina -------------- next part -------------- An HTML attachment was scrubbed... URL: https://www.moypiano.com/ptg/caut.php/attachments/20080111/043fe536/attachment.html
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