[pianotech] Tax question

[Norman Cantrell]

Duaine
You have received some very sound advice so far.  Keep in mind that if you receive payment for the services rendered and then donate the funds to the church you will still be liable for the self employment tax (basically 15%) on the income.  In that scenario you end up in the hole 15% for every dollar in the exchange plus the time on both your and the church's part to do the bookkeeping.  Best advice is to donate your time and let God bless you for the effort.  I believe there is something about a cheerful giver in there somewhere.
Norman Cantrell

--- On Tue, 2/12/13, Duaine Hechler <dahechler at att.net> wrote:

From: Duaine Hechler <dahechler at att.net>
Subject: [pianotech] Tax question
To: "pianotech" <pianotech at ptg.org>
Date: Tuesday, February 12, 2013, 3:59 AM

I have not seen a Tax guy yet, hoping this has come up by someone on this list...........

Because of my churches financial struggles, I'm donating my time (tuning, etc) to the church.

Is there a way to take this off on the taxes as (1) business expense or (2) donation to charity ? Schedule C (business) ? Schedule A (personal) ?

Any ideas ?

Thank you, Duaine

-- Duaine Hechler
Piano, Player Piano, Pump Organ - Tuning, Servicing & Rebuilding
(314) 838-5587 / dahechler at att.net / www.hechlerpianoandorgan.com
Home & Business user of Linux - 13 years

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