From: Mark Lasarko (mlasarko@co.ba.md.us)
Date: Fri Jan 20 2006 - 16:03:42 GMT-3
Yeah, what Scott said :-)
There is not much you have to do to get started.
Think of a name and get a Sales & Tax use license.
Even if you're only consulting;
It does not hurt to file "$0.00" in sales now and then.
I also recommend a P.O. box and/or a simple website,
...if you can afford it.
(Again, it's another write-off either way)
Something to further substantiate the business)
HTH,
~M
>>> "Scott Morris" <swm@emanon.com> 01/20/06 12:52 PM >>>
You have to start a business sometime, right? Ever do any consulting on the
side? There ya go. Just declare some income too, at least a little. :)
There's no rule the IRS has about you moonlighting as an independent even
though you have a full time day job.
Scott
-----Original Message-----
From: nobody@groupstudy.com [mailto:nobody@groupstudy.com] On Behalf Of John
Matus
Sent: Friday, January 20, 2006 12:42 PM
To: Mark Lasarko
Cc: ccielab@groupstudy.com; jmatus@pacbell.net; nobody@groupstudy.com
Subject: Re: ccie tax write-off's
hi mark,
thanks for responding!
schedule c, eh? my situation is that i'm a W-2 employee, so i'm not sure
how i could go about doing this. i'm assuming that you have to have a
business already formed in order to do this <???>
Regards,
John D. Matus
Technical Support / PAS
Fujitsu Consulting
626-568-7716
John.Matus@tokiom.com
"Mark Lasarko"
<mlasarko@co.ba.m
d.us> To
Sent by: <ccielab@groupstudy.com>,
nobody@groupstudy <jmatus@pacbell.net>
.com cc
Subject
01/20/2006 07:53 Re: ccie tax write-off's
AM
Please respond to
"Mark Lasarko"
<mlasarko@co.ba.m
d.us>
Greetings John & GS,
...Write off CCIE stuff? Absolutely!
I have had a business established since '99 as a sole proprietorship.
Most of my reasoning at the time was to offset training expenses.
See, I had full-time work I was sure to owe taxes on.
In the meantime I began to see the test fees, books, etc... accrue.
That was just CCNA/DA, Check Point, Nokia, CNE, and MCSE stuff back then.
I was barely looking at the prices of the CCNP/CCDP books and exams; The
bottom line was that I wanted to study more than my employer wanted to pay
for.
So the only logical thing to do was find a way to pay for it, but get it
back in the end!
Little did I know :-)
Back then I had no idea how many $'s would fall...
(into the CCIE [money pit | wishing well]) A couple years later I have a
full rack, More books than I could ever read, Materials from vendors, all
that costly stuff :-) And some comfort knowing my efforts are "deductible".
My best recommendation:
Go for the biz, schedule C, and the loss in your business income, if any,
can be beneficial, even if the taxes are taken from you or your spouse's
job, if married and filing jointly. (For those spending the family savings
on
training!)
Just try and document it all as best you can.
Travel down to the mile, every toll or meal expense on the way.
Maybe even get a separate credit card or open a business account just for
these things.
And if you think you might ever need to resell any hardware be sure and get
your state's sales and tax use ok'd sooner instead of later.
HTH,
~M
>>> "John Matus" <jmatus@pacbell.net> 01/19/06 11:37 PM >>>
does anyone know if you can write off CCIE stuff on your tax returns? i'm
not quite sure where or how you would do it, but hey..... it is "continuing
education".
Regards,
John D. Matus
MCSE, CCNP
Office: 818-782-2061
Cell: 818-430-8372
jmatus@pacbell.net
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