School Contracts

[Ron Nossaman]

>     Are you also able to use any discounts you give for the year and
>     right them off your taxes?
> 
> 
> 
> Yes, at least maybe.  I'd have to check with my accountant.  But I think 
> it might be some sort of business expense.  But the tax deduction never 
> equals the income you'd have received if you'd have charged the normal 
> price.  Not to say there might be other good business reasons for giving 
> a discount.
> 
> -- 
> JF

No. It's like a bad debt. The non-income is the deduction.
Ron N