[pianotech] Tax Question

[Phil Frankenberg]

As a CPA once told me, "You can't deduct money you never received".

Phil Frankenberg
CSUChico
Chico, Ca.
  ----- Original Message ----- 
  From: phil at emvkeys.ca 
  To: pianotech at ptg.org 
  Sent: Thursday, January 29, 2009 11:46 AM
  Subject: Re: [pianotech] Tax Question


  Accurate records of what actually transpired?

  A true valuation of services rendered?

  A record of charitable givings?

  Professional reputation (Is your work warrantied if given for free or discounted?)

  My point is, IMHO it's always a good idea to separate your bread and butter (business) from your charitable contributions (personal) and to keep accurate records of same. DAMHIK.

  As to declared income and deductions, I suppose the difference would be roughly $0.00. Tthat's why I prefaced "If you really want to donate..." as in, if you really believe in a given charity, certainly donate. But don't devalue your skill set and profession in so doing.

  Phil







  David Love wrote: 
    As someone mentioned, what's the point then.



    David Love

    www.davidlovepianos.com



    From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf Of phil at emvkeys.ca
    Sent: Thursday, January 29, 2009 9:49 AM
    To: pianotech at ptg.org
    Subject: Re: [pianotech] Tax Question



    If you really want to donate all or part of your work,  why not just agree ahead of time to charge the full amount and then make a donation? 

    Phil



    John Formsma wrote: 

    You can't. I asked my accountant that some years ago.  Donated items, yes. Donated service work, no. 



    If this is different, let me know.



    --

    JF

    On Thu, Jan 29, 2009 at 7:44 AM, David Love <davidlovepianos at comcast.net> wrote:

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

    David Love
    www.davidlovepianos.com

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