[pianotech] Tax Question

[David Love]

A better question is whether or not you can deduct the value of donated
work.

David Love
www.davidlovepianos.com


-----Original Message-----
From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf
Of Mike Spalding
Sent: Thursday, January 29, 2009 5:31 AM
To: toddpianoworks at att.net; pianotech at ptg.org
Subject: Re: [pianotech] Tax Question

Matthew,
That would be double dipping.  If your regular charge is $100, and you 
discount to $75, you report and pay income tax on the $75 you actually 
received, not the $100 you would normally have charged, right?  A 
deduction is something you subtract from actual reported income.
Mike

Matthew Todd wrote:
> Are we able to claim any discounts given throughout the year?  Such as 
> a multiple piano discount to schools, churches, or even individuals?
>
> ***_TODD PIANO WORKS_*
> Matthew Todd, Piano Technician
> (979) 248-9578
> http://www.toddpianoworks.com <http://www.toddpianoworks.com/>
>