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Old 04-24-2009, 02:58 PM   #11
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My parents once put an entire vacation as a business expense since it was with another couple they worked with. Got away with it free and clear.
I do that all the time, we call it "Benchmarking." Got to go to Disney World and Fort Lauderdale last year. Going to Washington DC in a few weeks and probably a few other places.
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Old 04-25-2009, 07:42 PM   #12
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I hate the IRS. I feel that statement alone is enough reasoning when dealing with these pricks.

What did they say, btw?
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Old 04-25-2009, 07:54 PM   #13
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I do that all the time, we call it "Benchmarking." Got to go to Disney World and Fort Lauderdale last year. Going to Washington DC in a few weeks and probably a few other places.
This the reason we need to go to a fair or consumption tax. There are too many people writing off everything...
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Old 04-25-2009, 08:03 PM   #14
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They were actually cool about it, once they finally took me off hold.

I explained that most of my clients are total alcoholics (which is true), and that my "entertainment" deductions are all backed up by receipts (which is mostly kinda true, sort of) and they said, "Ok".

I'm probably going to be audited now, but I have a plan for that, (it involves Tequila...)

JC
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Old 04-25-2009, 08:07 PM   #15
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This the reason we need to go to a fair or consumption tax. There are too many people writing off everything...
word on Fair Tax.
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Old 04-25-2009, 08:14 PM   #16
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This the reason we need to go to a fair or consumption tax. There are too many people writing off everything...
If can GM write down 39 Billion in future tax deferments in a single quarter, my Tequila tab is the least of our problems.

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Old 04-26-2009, 03:36 PM   #17
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This the reason we need to go to a fair or consumption tax. There are too many people writing off everything...

There are too many people who aren't paying anything...and some get more back in refund, than they paid in
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Old 04-27-2009, 07:50 PM   #18
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This the reason we need to go to a fair or consumption tax. There are too many people writing off everything...
The problem with consumption tax is that there will be complete misers who will earn a ton and yet spend nothing. The government would have to wait till the misers die and their kids inherit the money before collecting tax on things. The government is too far in debt to wait that long, so they're just going to tax everything they can now.
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