Deductibility of referral fees, etc.

Phil Bondi phil@philbondi.com
Sat, 31 Jan 2004 07:11:01 -0500


Arlin,

some good advice there..I have a question:

Let's say that on an invoice for dealership work, you show $75 for a
regular tuning, and a "Dealer Discount" of $10 for a net of $65.

Do you HAVE to write a check to that dealership in oder to show on your
tax return this rate reduction?

I'm thinking that in order for a tax break to occur, you would need to
have a paper trail showing where the money was going. If that's the
case, then you would need to charge the dealership your full price and
then write them a check for the agreed upon discount.

Also, how would this work for floor tunings, since most dealerships
distain from having to spend money on pianos on the floor.

Thanks for the input.

-Phil Bondi(FL)



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