From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com]On Behalf Of Arnold M. Socol
Sent: Thursday, September 11, 2008 10:19 AM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Charitable Contribution
__._,_.___----- Original Message -----From: Donna J. PerroneSent: 09/11/2008 1:15 PMSubject: RE: [taxchat] Charitable Contribution
Arnie,I agree with your Entertainment deductions and it's nice to know you have the expertise for future reference, but would you allow it for the realtor?? As Robert pointed out, the realtor was concerned about her looks and I totally agree. I have salespeople who want to deduct their suits because they have to look nice for their clients. You wouldn't allow that, would you? lolDonna J. Perrone, EAEast Haven, CT203-469-4939203-468-2038 faxIRS Circular 230 Disclosure: Unless expressly stated otherwise, any tax advice contained herein, including attachments and enclosures, is not intended or written to be used, and may not be used, for the purpose of (1) avoiding tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax-related matters addressed herein.
From: taxchat@yahoogroups.com [mailto:taxchat@ yahoogroups. com] On Behalf Of Arnold M. Socol
Sent: Thursday, September 11, 2008 1:05 PM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Charitable ContributionI have substantial Entertainment Tax experience at a prior job of mine, and you can deduct just about anything associated with the work. Some of clients were real stars, producers, directors and writers. Always be aggressive about business expenses if they are in fact used for business. As far as hair goes and cosmetics, wardrobe, and wigs - the hairstyle on stage or before the camera may very well be different from the way the person actually is in real life. Deduct at let the IRS challenge if they dare. I have handled a number of audits and teach the auditor since most have zero experience in this type of taxpayer and walk away with a No Change.Its not up to us to decide what is not deductible and the code and regs - law is be "interpreted" for the benefit of our clients. Worst case taxpayer pays it back with interest with no penalties.Arnie----- Original Message -----From: Donna J. PerroneSent: 09/11/2008 12:31 PMSubject: RE: [taxchat] Charitable Contribution
Arnie,I am not so sure having her hair done is a deductible expense. I had a realtor who wanted to deduct her hair expense when she made a brief appearance on a news spot. I said no. Is that an ordinary and necessary expense of doing business? Many women have their hair done weekly....I say no.Donna J. Perrone, EAEast Haven, CT203-469-4939203-468-2038 faxIRS Circular 230 Disclosure: Unless expressly stated otherwise, any tax advice contained herein, including attachments and enclosures, is not intended or written to be used, and may not be used, for the purpose of (1) avoiding tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax-related matters addressed herein.
From: taxchat@yahoogroups.com [mailto:taxchat@ yahoogroups. com] On Behalf Of Arnold M. Socol
Sent: Thursday, September 11, 2008 12:03 PM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Charitable ContributionNo deduction for her time - but she can deduct her out of pocket expenses, mileage, hair for event, dry cleaning of wardrobe, etc. These items she would have anyway. Question whether to take as contribution expenses or business expense.Arnie----- Original Message -----From: Donna L Loeffler CPASent: 09/11/2008 11:50 AMSubject: [taxchat] Charitable ContributionI have a client who is a professional opera singer. The theater she
performs at held a benefit. Her services were auctioned off so that she
was obligated to perform at a subsequent event hosted by the winning
bidder. Because she received a receipt (actually a "thank you") from
the theater, she gave it to me, hoping she could take a charitable
contribution on her 2007 income tax return. I told her there was no
deduction for her services. Now, I am second-guessing myself.
Any help would be appreciated.
--
Donna
Donna L. Loeffler, CPA
936 Church Avenue
St. Charles, MN 55972
(507) 251-8119
dllcpa@hbci.com
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IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.
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