[pianotech] Tax Question

[Dean May]

But if you don't deduct it on schedule C then it is subject to self
employment tax. 

Dean

Dean May             cell 812.239.3359 

PianoRebuilders.com   812.235.5272 

Terre Haute IN  47802

-----Original Message-----
From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf
Of Conrad Hoffsommer
Sent: Thursday, January 29, 2009 11:32 AM
To: fixthatpiano at yahoo.com; pianotech at ptg.org
Subject: Re: [pianotech] Tax Question

Robert Scott wrote:
> Conrad Hoffsommer wrote:
>> I think that, if you bill the charitable entity, >>GET PAID!<< and 
>> THEN write them a check for the "discount" you will have a charitable
>> deduction available to the amount of YOUR check. BUT, you HAVE to show
>> the paper trail of your payments.
> 
> There is no tax advantage to getting paid and then donating that payment
back to the charity.  It comes out the same as just doing the work for
nothing.  If you want to do some charity work, just do it and don't bill for
it.  There is no legal way to get the ISR to pay you back for your sweat.
> 
> Robert Scott
> Ypsilanti, Michigan


Right. Not in your schedule C, no.  The only possible deduction for that 
payment to the charity would show up in your regular 1040 under itemized 
deductions and lower your overall taxable income (if you're not like me 
and have to file the standardized deduction).


-- 
Conrad Hoffsommer, RPT - Keyboard Technician
Luther College, 700 College Dr., Decorah, Iowa 52101-1045
1-(563)-387-1204 // Fax 1-(563)-387-1076