Pajak

13 November 2008

[forum-pajak] Re: Jika perusahaan nya bangkrut, gimana pegawainya melaporkan SPT nya

Sebaiknya diusahakan minta Form 1721 A1 dari perusahaan, karena itu
yang menjadi dasar pelaporan SPT Pribadi anda. Form 1721A1 menjadi
lampiran nya.

Tapi bila tetap sulit, buat aja surat bahwa sudah di PHK dan tidak
menerima penghasilan sejak Januari sd sekarang dan minta NPWP
dicabut. Akan tetapi bila sudah kerja lagi di tempat baru ya pake
form 1721 A1 dari perusahaan baru tempat kerja. Jumlah angkanya
disamakan dengan di tempat baru.

Demikian semoga membantu.

Firdas
http://mainexcel.blogspot.com
http://softyes.blogspot.com

--- In forum-pajak@yahoogroups.com, devry bonte <devryiskandar@...>
wrote:
>
>
> Ada kasus nih, PT tempat karyawan tersebut bekerja bangkrut dan
ditutup.
>
> Persoalnya bagaimana karyawan tersebut melaporkan penghasilannya
dan membuktikan ke KPP bahwa pph 21 atas gajinya telah dipotong oleh
perusahaan tsb dimana Ybs kesulitan mendapatkan Formulir 1721 A1 dari
kantor lamanya.
>
> Salam,
> devry
>
>
>
>
>
>
>
>
> [Non-text portions of this message have been removed]
>

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[forum-pajak] Pajak untuk Proyek Bantuan Luar Negeri LOAN

DH,

Mohon bantuan,

Saya dapat proyek dari dana bantuan luar negeri LOAN
atas proyek tersebut tidak dikenakan PPN dan PPh 23

Bagaimana cara penyampaian pajak tahunan PPh 29 atas proyek tersebut,
dan pada buku petunjuk pengisian SPT Badan pada Huruf C angka 7 disana
dijelaskan PPh tidak bersifat final dengan rumus dana pinjaman LN
dibagi total biaya proyek dikalikan PPh terhutang artinya bagaimana
ya ?

Terimakasih masukannya.
One

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[forum-pajak] Standard Laporan Keuangan untuk Pilkada ( pls help urgent)

Dear All,

Mohon bantuannya apabila ada yang tau standard penyusunan laporan keuangan pilkada sesuai dengan PSAK

Rgds
Tatap

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Bls: [forum-pajak] Char of Account

Bu Herlina,

Ibu harus melakukan re-statement (penyajian kembali) laporan keuangan.
Apabila ada perubahan metode akuntansi yang ada impact terhadap P&L dan BS, harus diungkap.

Regards,
Adm

--- Pada Ming, 2/11/08, Herlinawati Suhendi <delina87@yahoo.com> menulis:

Dari: Herlinawati Suhendi <delina87@yahoo.com>
Topik: [forum-pajak] Char of Account
Kepada: ahlikeuangan-indonesia@yahoogroups.com, forum-pajak@yahoogroups.com
Tanggal: Minggu, 2 November, 2008, 11:18 PM

Dear para ahli keuangan dan Pajak

Mohon pencerahannya di kantor saya mengalami perubahan atas Chart of account di akhir tahun ini berdasarkan permintaan kantor pusat yang ada di LN dalam rangkan untuk system sentralisasi, Saat ini saya sudah lakukan perubahan untuk hal tersebut berdasarkan draft yang diminta kantor pusat . yang menjadi pertanyaan saya adalah apa yang harus saya lakukan baik dari sisi Accounting maupun Pajak untuk kedepannya dalam menghadai Audit keuangan ataupun Audit pajak.

Apabila ada pasal atau aturan untuk hal ini mohon diinformasikan

Mohon maaf apabila hal ini sudah dibahas sebelumnya,

Terima kasih
Herlinawati

[Non-text portions of this message have been removed]

___________________________________________________________________________
Nama baru untuk Anda!
Dapatkan nama yang selalu Anda inginkan di domain baru @ymail dan @rocketmail.
Cepat sebelum diambil orang lain!
http://mail.promotions.yahoo.com/newdomains/id/

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RE: [taxchat] Joint venture

LOL Chuck !!!!!!!!!

Listen, my chocolate is actually pretty low carb. I sweeten it with agave nectar and not much, at that (I like semi-sweet). It's pretty dark, too. If any of you who are on The Chocolate List can't handle Really Strong Dark Chocolate, you'd better let me know !!! :D

Cheers,

JoJo
..............................................................................................................................................................
Music: http://www.myspace.com/jojozjojo * http://www.new.facebook.com/pages/JoJo-Zawawi/16883556821
Blog: http://www.mysteriousperson.com/MYSTERIOUSPERSON/thezblog/

-----Original Message-----
From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com]On Behalf Of Chuck Warman
Sent: Thursday, November 13, 2008 2:44 PM
To: taxchat@yahoogroups.com
Subject: RE: [taxchat] Joint venture

I think you're intentionally waiting until I start back on the Atkins plan.

Chuck

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of JoJo Zawawi
Sent: Thursday, November 13, 2008 4:14 PM
To: taxchat@yahoogroups.com
Subject: RE: [taxchat] Joint venture

Ditto -- Thanks Donna AND John for the kind words !!

Cheers,

JoJo

p.s. Supposed to be 90 degrees again tomorrow. I renew my promise to make the chocolate after it cools down !!! :D

..............................................................................................................................................................
Music: http://www.myspace.com/jojozjojo * http://www.new.facebook.com/pages/JoJo-Zawawi/16883556821
Blog: http://www.mysteriousperson.com/MYSTERIOUSPERSON/thezblog/

-----Original Message-----
From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com]On Behalf Of John Stevens, Equi-Tax
Sent: Thursday, November 13, 2008 1:10 PM
To: taxchat@yahoogroups.com
Subject: RE: [taxchat] Joint venture

Thanks for the kind words, Donna.

John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax
1870 - 50th St. E., Suite 8
Inver Grove Heights, MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software.com
www.equitax.net

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Donna L. Loeffler, CPA
Sent: 11/13/2008 2:03 PM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Joint venture

Not to mention the fact that you are an excellent writer, John...and you, too, JoJo.

Donna

Donna L. Loeffler, CPA

936 Church Avenue

St. Charles, MN 55972

(507) 251-8119

dllcpa@hbci.com

The information in this message, and any files transmitted with it, is

confidential, may be legally privileged, and intended only for the use

of the individual(s) named above. Be aware that the use of any

confidential or personal information may be restricted by state and

federal privacy laws. If you are not the intended recipient, do not

further disseminate this message. If this message was received in

error, please notify the sender and delete it.

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.

John Stevens, Equi-Tax wrote:

JoJo,

I've sensed from your posts over time that you are one embodying an adventuresome and eclectic spirit (musician, computer whiz, chocolatier, tax accountant, humorist). I will look at your blog. I did keep a journal during my vagabond days, and maybe some day will have a chance to put it together in something more comprehensive. In the meantime, there are these damn tax returns…

John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax
1870 - 50th St. E., Suite 8
Inver Grove Heights, MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software.com
www.equitax.net

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of JoJo Zawawi
Sent: 11/13/2008 12:34 PM
To: taxchat@yahoogroups.com
Subject: RE: [taxchat] Joint venture

Well, John, I learn something new every day !!!

I spent my teenage years living all over Europe, North Africa and the Caribbean. There's nothing quite like an adventure (or two) !!! I have some of my anecdotes on my blog (address is below). Still have a pile to write up, one of these days when I get to it.

John, you should write up some of yours !

Cheers,

JoJo
..............................................................................................................................................................
Music: http://www.myspace.com/jojozjojo * http://www.new.facebook.com/pages/JoJo-Zawawi/16883556821
Blog: http://www.mysteriousperson.com/MYSTERIOUSPERSON/thezblog/

-----Original Message-----
From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com]On Behalf Of John Stevens, Equi-Tax
Sent: Thursday, November 13, 2008 10:14 AM
To: taxchat@yahoogroups.com
Subject: RE: [taxchat] Joint venture

Arnie,

I'm turning 66 next year, and have already put in my application for SS benefits. In my checkered past, I lived for years in the hills making so little money working on the local farms and orchards I didn't even meet the tax return filing requirement – completely off the grid. I spent the winter of 84-85 in Mexico and Guatemala (3 ½ months) for a total cost of $450, which included gas for my '67 VW camper van, and all food and lodging and other costs. I have many friends who dropped out 30-40 years ago who are still living in the hills, using solar power, water from the springs and streams, burning wood, farming with horses, etc., etc. Ironically, lots of their kids who were born in tents and teepees and cabins can't wait to move to the cities and get their hands on ipods and Blackberry's, etc. If it were just me, I just might go back to the hills, but with 2 teenage daughters at home it's a different story. C'est la vie!

John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax
1870 - 50th St. E., Suite 8
Inver Grove Heights, MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software.com
www.equitax.net

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Arnold M. Socol
Sent: 11/13/2008 11:47 AM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Joint venture

I already subscribe to International Living and looking for places to go that are affordable, friendly and in the sun. At age 63, the early social security in this current economic environment is making retirement more and more interesting.

Arnie

----- Original Message -----

From: John Stevens, Equi-Tax

To: taxchat@yahoogroups.com

Sent: 11/13/2008 12:41 PM

Subject: RE: [taxchat] Joint venture

Arnie,

Who knows what they might do in this environment with IRS returning to its aggressive (some might say underhanded) tactics in a revenue-starved economy? They tend to emphasize form over substance. As Chuck says, if things keep going the way the IRS (or, should we say Congress?) wants, we'll all be wearing badges. At that point, I'm with Chuck – lemme outta here!! I don't want no stinkin' badges!!

John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax
1870 - 50th St. E., Suite 8
Inver Grove Heights, MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software.com
www.equitax.net

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Arnold M. Socol
Sent: 11/13/2008 10:34 AM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Joint venture

John,

Do you believe there would be a problem on an audit, if not reported and the details came out? Would any of our former IRS auditors report a deficiency of unreported income. Come on, at some point, we have to go beyond the text book and deal with reality and ethics. How can you before God justify having a client pay SE tax and maybe entitled to a Charitable deduction if they can itemize? Not me. What is the risk of choosing the right way over the law?

Arnie.

----- Original Message -----

From: John Stevens, Equi-Tax

To: taxchat@yahoogroups.com

Sent: 11/13/2008 11:24 AM

Subject: RE: [taxchat] Joint venture

Arnie,

I suppose if they had assigned all rights to the proceeds to the Church, there wouldn't be a reporting problem, and the charitable contribution would be built in (no income to report, and consequently no charitable deduction to report), whereas if they are receiving the sales proceeds themselves, then they are still in control of the money, which means they have to account for it first. Even if they didn't assign the rights to the income to the church, but merely directed that the sales proceeds go directly to the church, they still have control over it (constructive receipt), and it seems to me they would still have an obligation to report – just my view.

John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax
1870 - 50th St. E., Suite 8
Inver Grove Heights, MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software.com
www.equitax.net

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Arnold M. Socol
Sent: 11/13/2008 10:10 AM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Joint venture

How about running all expenses and receipts thru the books of the Church since nothing is retained by the individuals anyway. I still would not bother to report any of this since the individuals are in effect volunteers and acting on behalf of the Church.

Arnie

----- Original Message -----

From: John Stevens, Equi-Tax

To: taxchat@yahoogroups.com

Sent: 11/13/2008 11:02 AM

Subject: RE: [taxchat] Joint venture

Robert,

It seems that since the income from the sales went to the 3 individuals, it would first need to be reported either on a partnership return (but they could elect out of partnership treatment by just reporting their respective shares on Schedule C), or if they consider it a not-for-profit activity, reported on line 21, with expenses on Schedule A subject to 2% of AGI limit, and then report the charitable contributions on Schedule A as well, as Donna suggests. I don't think it would be correct to not report the income – my opinion.

John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax
1870 - 50th St. E., Suite 8
Inver Grove Heights, MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software.com
www.equitax.net

size=2 width="100%" align=center tabIndex=-1>

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Robert Lukey
Sent: 11/13/2008 9:38 AM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Joint venture

I would think that this all should be charitable contributions and that no business should be reported. The receipts for sales should be paid directly to the Church and all the out of pocket expenses should be considered non cash contributions at cost. Then put mileage in for the trips to the studio and radio stations when promoting.

On Thu, Nov 13, 2008 at 7:54 AM, Donna J. Perrone <donnaperrone@sbcglobal.net> wrote:

The music director/organist of our church is my client. She joined forces with our 2 cantors, a husband and wife, to produce a CD with religious selections and other comforting music. They are donating all the profits to our parish.

This is basically a one time event. I am thinking about how this will be reported on my client's return this year. My first thought is that the income would be on line 21, the expenses on Sch A, subject to 2%, and the profits donated reported on Sch A as a charitable contribution. Since the organist and her husband have a high AGI, they can very well lose the deduction for the expenses.

Any thoughts on this?

Donna Perrone

Donna J. Perrone, EA

East Haven, CT

203-469-4939

203-468-2038 fax

IRS 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.

--
Robert Lukey EA CPA

Unless expressly stated otherwise in this communication, this advice is not
intended to be used, and cannot be used, for the purpose of avoiding federal tax penalties.

This electronic communication (including any attachments) may contain proprietary, confidential or privileged information. This communication is intended only for the use of indicated e-mail addresses. If you are not an intended recipient of this communication, please be advised that any disclosure, dissemination, distribution, copying, or other use of this communication or any attached document is strictly prohibited. If you have received this communication in error, please notify the sender immediately by reply e-mail and promptly destroy all electronic and printed copies of this communication and any attached documents

Arnie Socol
President
Ways & Means, Inc.
845-562-6070

Arnie Socol
President
Ways & Means, Inc.
845-562-6070

Arnie Socol
President
Ways & Means, Inc.
845-562-6070

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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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RE: [taxchat] Joint venture

I think you’re intentionally waiting until I start back on the Atkins plan.

Chuck

Ditto -- Thanks Donna AND John for the kind words !!

Cheers,

JoJo

p.s. Supposed to be 90 degrees again tomorrow. I renew my promise to make the chocolate after it cools down !!! :D

Thanks for the kind words, Donna.

John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax
1870 - 50th St. E., Suite 8
Inver Grove Heights, MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software.com
www.equitax.net

Not to mention the fact that you are an excellent writer, John...and you, too, JoJo.

Donna

Donna L. Loeffler, CPA

936 Church Avenue

St. Charles, MN 55972

(507) 251-8119

dllcpa@hbci.com

The information in this message, and any files transmitted with it, is

confidential, may be legally privileged, and intended only for the use

of the individual(s) named above. Be aware that the use of any

confidential or personal information may be restricted by state and

federal privacy laws. If you are not the intended recipient, do not

further disseminate this message. If this message was received in

error, please notify the sender and delete it.

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.

John Stevens, Equi-Tax wrote:

JoJo,

I’ve sensed from your posts over time that you are one embodying an adventuresome and eclectic spirit (musician, computer whiz, chocolatier, tax accountant, humorist). I will look at your blog. I did keep a journal during my vagabond days, and maybe some day will have a chance to put it together in something more comprehensive. In the meantime, there are these damn tax returns…

John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax
1870 - 50th St. E., Suite 8
Inver Grove Heights, MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software.com
www.equitax.net

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of JoJo Zawawi
Sent: 11/13/2008 12:34 PM
To: taxchat@yahoogroups.com
Subject: RE: [taxchat] Joint venture

Well, John, I learn something new every day !!!

John, you should write up some of yours !

Cheers,

-----Original Message-----
From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com]On Behalf Of John Stevens, Equi-Tax
Sent: Thursday, November 13, 2008 10:14 AM
To: taxchat@yahoogroups.com
Subject: RE: [taxchat] Joint venture

Arnie,

I’m turning 66 next year, and have already put in my application for SS benefits. In my checkered past, I lived for years in the hills making so little money working on the local farms and orchards I didn’t even meet the tax return filing requirement – completely off the grid. I spent the winter of 84-85 in Mexico and Guatemala (3 ½ months) for a total cost of $450, which included gas for my ’67 VW camper van, and all food and lodging and other costs. I have many friends who dropped out 30-40 years ago who are still living in the hills, using solar power, water from the springs and streams, burning wood, farming with horses, etc., etc. Ironically, lots of their kids who were born in tents and teepees and cabins can’t wait to move to the cities and get their hands on ipods and Blackberry’s, etc. If it were just me, I just might go back to the hills, but with 2 teenage daughters at home it’s a different story. C’est la vie!

John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax
1870 - 50th St. E., Suite 8
Inver Grove Heights, MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software.com
www.equitax.net

Arnie

----- Original Message -----

From: John Stevens, Equi-Tax

To: taxchat@yahoogroups.com

Sent: 11/13/2008 12:41 PM

Subject: RE: [taxchat] Joint venture

Arnie,

Who knows what they might do in this environment with IRS returning to its aggressive (some might say underhanded) tactics in a revenue-starved economy? They tend to emphasize form over substance. As Chuck says, if things keep going the way the IRS (or, should we say Congress?) wants, we’ll all be wearing badges. At that point, I’m with Chuck – lemme outta here!! I don’t want no stinkin’ badges!!

John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax
1870 - 50th St. E., Suite 8
Inver Grove Heights, MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software.com
www.equitax.net

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Arnold M. Socol
Sent: 11/13/2008 10:34 AM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Joint venture

John,

Do you believe there would be a problem on an audit, if not reported and the details came out? Would any of our former IRS auditors report a deficiency of unreported income. Come on, at some point, we have to go beyond the text book and deal with reality and ethics. How can you before God justify having a client pay SE tax and maybe entitled to a Charitable deduction if they can itemize? Not me. What is the risk of choosing the right way over the law?

Arnie.

----- Original Message -----

From: John Stevens, Equi-Tax

To: taxchat@yahoogroups.com

Sent: 11/13/2008 11:24 AM

Subject: RE: [taxchat] Joint venture

Arnie,

I suppose if they had assigned all rights to the proceeds to the Church, there wouldn’t be a reporting problem, and the charitable contribution would be built in (no income to report, and consequently no charitable deduction to report), whereas if they are receiving the sales proceeds themselves, then they are still in control of the money, which means they have to account for it first. Even if they didn’t assign the rights to the income to the church, but merely directed that the sales proceeds go directly to the church, they still have control over it (constructive receipt), and it seems to me they would still have an obligation to report – just my view.

John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax
1870 - 50th St. E., Suite 8
Inver Grove Heights, MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software.com
www.equitax.net

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Arnold M. Socol
Sent: 11/13/2008 10:10 AM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Joint venture

How about running all expenses and receipts thru the books of the Church since nothing is retained by the individuals anyway. I still would not bother to report any of this since the individuals are in effect volunteers and acting on behalf of the Church.

Arnie

----- Original Message -----

From: John Stevens, Equi-Tax

To: taxchat@yahoogroups.com

Sent: 11/13/2008 11:02 AM

Subject: RE: [taxchat] Joint venture

Robert,

It seems that since the income from the sales went to the 3 individuals, it would first need to be reported either on a partnership return (but they could elect out of partnership treatment by just reporting their respective shares on Schedule C), or if they consider it a not-for-profit activity, reported on line 21, with expenses on Schedule A subject to 2% of AGI limit, and then report the charitable contributions on Schedule A as well, as Donna suggests. I don’t think it would be correct to not report the income – my opinion.

John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax
1870 - 50th St. E., Suite 8
Inver Grove Heights, MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software.com
www.equitax.net

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From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Robert Lukey
Sent: 11/13/2008 9:38 AM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Joint venture

I would think that this all should be charitable contributions and that no business should be reported. The receipts for sales should be paid directly to the Church and all the out of pocket expenses should be considered non cash contributions at cost. Then put mileage in for the trips to the studio and radio stations when promoting.

On Thu, Nov 13, 2008 at 7:54 AM, Donna J. Perrone <donnaperrone@sbcglobal.net> wrote:

The music director/organist of our church is my client. She joined forces with our 2 cantors, a husband and wife, to produce a CD with religious selections and other comforting music. They are donating all the profits to our parish.

This is basically a one time event. I am thinking about how this will be reported on my client's return this year. My first thought is that the income would be on line 21, the expenses on Sch A, subject to 2%, and the profits donated reported on Sch A as a charitable contribution. Since the organist and her husband have a high AGI, they can very well lose the deduction for the expenses.

Any thoughts on this?

Donna Perrone

Donna J. Perrone, EA

East Haven, CT

203-469-4939

203-468-2038 fax

IRS 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.

--
Robert Lukey EA CPA

Unless expressly stated otherwise in this communication, this advice is not
intended to be used, and cannot be used, for the purpose of avoiding federal tax penalties.

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Arnie Socol
President
Ways & Means, Inc.
845-562-6070

Arnie Socol
President
Ways & Means, Inc.
845-562-6070

Arnie Socol
President
Ways & Means, Inc.
845-562-6070

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13 November 2008

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RE: [taxchat] Joint venture

RE: [taxchat] Joint venture

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