Issue by Michael M: If I generate a golf program critique internet site would some of my golf be tax deductible?
I am legitimately in the company of generating my own web sites. I make cash by accepting advertising on them. One particular of my web sites is a restaurant review web site, so some of my eating out is deductible. So I was pondering, if I created a true golf course assessment web site could I deduct the cost of golfing at people programs. I am not attempting to do something nuts, like deducting my membership at my residence program. I just want to deduct the price of playing at other courses.
Very best answer:
Solution by the tax lady
You would need to demonstrate that the sites generate cash flow.
You would have to demonstrate the bills were a lot less than that income.
Know greater? Leave your personal answer in the comments!
Related Posts :
- December 3, 2011 -- What would be the steps I would take to create a Social Networking Site?
- November 19, 2011 -- I would like to share some of my poetry with others, anyone have a site that is simple and no costs?
- October 8, 2011 -- How do I become a golf training course Marshall?
- September 5, 2011 -- Is it inappropriate to be shirtless whilst on the state club golf training course?
- August 31, 2011 -- can any individual give me a site that has very good details on making a six training course gourmet menu ?
- July 16, 2011 -- What are some tips for my organic parenting blog site posts that I could create?
- December 13, 2010 -- What would be the best plants to place around a golf course that are year round?
- October 16, 2010 -- How long to create a new web page on an existing site and embed some simple code?
- May 17, 2012 -- Q&A: Would you please tell how I get my genealogy of the church site?
- May 11, 2012 -- What are some events in India’s history that would be good for an interview?
Tags: course, create, deductible, Evaluation, Golf., Site, some, Training., would
business expenses have to have a legitimate reason to be claimed
what you are suggesting here with both the restaurant review and the golf review appears very suspect
you have to be careful that they expenses are legitimately a business reason
When you say “restaurant review,” do you mean you’re a food critic? Do you write reviews? If so, perhaps your meals out would be deducible. If you go to ABC restaurant, and write a review for ABC website, and that review earns you serious profit after expenses, you could argue it was a necessary business expense.
If this is one of those websites consumers go to and enter their reviews, no. That would be like me writing an article about deducting auto expenses, then writing off my personal vehicle expenses.
Your statement “I just want to deduct the cost of playing at other courses” is quite transparent. You don’t say anything about the expenses being necessary. You just “want” to write off the expenses.
Good luck with that. The IRS closely scrutinizes so-called “business” expenses for things like, oh, restaurants and golf courses.
If these were really necessary business expenses, you wouldn’t have to ask.