sports cars videos image
cephaliclu
I'm really into making stuff, heavy metal, electronics, extreme sports, nature, cars, video games, and i'm out of cool sites. i already have a myspace, youtube is getting dull, & i'm not interested in blogging or chatting, just need stuff to do and don't say porn cuz i could care less. just bored, hook me up, thanx! :)
Answer
there is this fun game called futuregame. its free and you get money for guessing correctly.
http://www.futuregame.com/index.php?r=downcastnut.
there is this fun game called futuregame. its free and you get money for guessing correctly.
http://www.futuregame.com/index.php?r=downcastnut.
Whatj kind of sports car can my friend buy for her business?
Ishmael
My friend owns several software companies and was recently bought out
She now wants to buy a sports car but doesn't know what kind to get
She went to test drive a Porsche and really loves it because it's small and fast
She wants to put logos of her current company on the car
Is this legal?
Answer
It is legal ***** B U T ***** she will not be able to write off the car except for the part of it's value that is advertising and NOT personal use.
If she parks it somewhere and never uses it as transportation, she could probably claim the entire value of the car. She will have to be ready to supply a full breakdown of the costs of the car and every use made of it to the IRS whenever they want to audit her taxes. They also may have rules specifically limiting the percentage of the cost or a flat amount that can be considered advertising use.
The IRS considers business use deductions of an item that is usually for personal use to be a big red flag to include the person in an audit.
A CPA warned me about that when I was out of town for 7 months to work on automated equipment that I designed. I considered writing off a thousand dollar video camera since I sometimes used one for analyzing issues with machines but she warned me that I would be inviting an audit and would have to be able to show logs to prove the percentage of video that I took for the work and that which I took for personal use. The use ended up being 100% for personal anyway.
This is similar to claiming a room in your house as an office. They cracked down on the people who tried to write off that percentage of their house as a business expense and wrote rules that made it clearer that you have to use it as your primary and necessary work site plus you can only write off only a part of it unless you use it exclusively as an office (fold out couch for guests for sleeping means it is not exclusively an office).
I have a friend that does daycare for children in her house. She is allowed to write off PART of the value of the house and expenses needed to maintain it as business expenses but must meet the guidelines that the IRS (US Internal Revenue Service) sets for how to calculate it.
Groceries are also an item that is needed for the operation of her business but in that case, the IRS rules state a specific amount per child per type of meal. She tends to feed them organic foods and looses money since the deduction is for typical foods. Since she cooks them from scratch, she probably gains a little since the IRS numbers would be based on some prepackaged foods. It would just be too difficult to determine a percentage of food expenses, so the IRS has a flat rate.
This is similar for using a car for business travel (where the travel is specifically required, not driving around town claiming advertising). The IRS says you may claim XX cents per mile, regardless if you are driving a Lamborghini or a clapped out Chevette.
Either Joe's answer is pure BS (as in he made it up or his friend made it up to feel superior) or his friend got really lucky not to be audited. His "friend" would have to prove the percentage of use that was required and exclusively for his business.
I had a friend that created a tour company - his sole occupation - and did write off trips to various places like the Great Wall of China as a business expense. I don't know the details of how much he could deduct for him and suspect that the expenses of his girlfriend traveling with him was not deductible. He also could prove the need for the trips since he then created tours to most of the places that he visited that were advertised to the public and actually took place.
It is legal ***** B U T ***** she will not be able to write off the car except for the part of it's value that is advertising and NOT personal use.
If she parks it somewhere and never uses it as transportation, she could probably claim the entire value of the car. She will have to be ready to supply a full breakdown of the costs of the car and every use made of it to the IRS whenever they want to audit her taxes. They also may have rules specifically limiting the percentage of the cost or a flat amount that can be considered advertising use.
The IRS considers business use deductions of an item that is usually for personal use to be a big red flag to include the person in an audit.
A CPA warned me about that when I was out of town for 7 months to work on automated equipment that I designed. I considered writing off a thousand dollar video camera since I sometimes used one for analyzing issues with machines but she warned me that I would be inviting an audit and would have to be able to show logs to prove the percentage of video that I took for the work and that which I took for personal use. The use ended up being 100% for personal anyway.
This is similar to claiming a room in your house as an office. They cracked down on the people who tried to write off that percentage of their house as a business expense and wrote rules that made it clearer that you have to use it as your primary and necessary work site plus you can only write off only a part of it unless you use it exclusively as an office (fold out couch for guests for sleeping means it is not exclusively an office).
I have a friend that does daycare for children in her house. She is allowed to write off PART of the value of the house and expenses needed to maintain it as business expenses but must meet the guidelines that the IRS (US Internal Revenue Service) sets for how to calculate it.
Groceries are also an item that is needed for the operation of her business but in that case, the IRS rules state a specific amount per child per type of meal. She tends to feed them organic foods and looses money since the deduction is for typical foods. Since she cooks them from scratch, she probably gains a little since the IRS numbers would be based on some prepackaged foods. It would just be too difficult to determine a percentage of food expenses, so the IRS has a flat rate.
This is similar for using a car for business travel (where the travel is specifically required, not driving around town claiming advertising). The IRS says you may claim XX cents per mile, regardless if you are driving a Lamborghini or a clapped out Chevette.
Either Joe's answer is pure BS (as in he made it up or his friend made it up to feel superior) or his friend got really lucky not to be audited. His "friend" would have to prove the percentage of use that was required and exclusively for his business.
I had a friend that created a tour company - his sole occupation - and did write off trips to various places like the Great Wall of China as a business expense. I don't know the details of how much he could deduct for him and suspect that the expenses of his girlfriend traveling with him was not deductible. He also could prove the need for the trips since he then created tours to most of the places that he visited that were advertised to the public and actually took place.
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