From: Scott Morris (swm@emanon.com)
Date: Fri Jan 20 2006 - 16:28:20 GMT-3
A Schedule C doesn't require any festive setup. If you create an LLC or
Sub-S corp, you'll need to do extra filings for the business as well as on
your own taxes (in other words, if you don't know enough about the options,
don't do it yet!)
-----Original Message-----
From: John Matus [mailto:John.Matus@tokiom.com]
Sent: Friday, January 20, 2006 2:29 PM
To: joshua lauer
Cc: ccielab@groupstudy.com; jmatus@pacbell.net; Mark Lasarko;
nobody@groupstudy.com; swm@emanon.com
Subject: Re: ccie tax write-off's
i'm assuming that you have to already have this set up BEFORE you can
actually reap the rewards of having a business.............
can i just claim on schedule C an income of, lets say $200, and then be able
to make all these deductions, or do i have to have the tax license and dba
and what-ever else in order to do this?
Regards,
John D. Matus
Technical Support / PAS
Fujitsu Consulting
626-568-7716
John.Matus@tokiom.com
"joshua lauer"
<jslauer@hotmail.
com> To
Sent by: "Mark Lasarko"
nobody@groupstudy <mlasarko@co.ba.md.us>,
.com <swm@emanon.com>,
<John.Matus@tokiom.com>
cc
01/20/2006 11:07 <ccielab@groupstudy.com>,
AM <nobody@groupstudy.com>,
<jmatus@pacbell.net>
Subject
Please respond to Re: ccie tax write-off's
"joshua lauer"
<jslauer@hotmail.
com>
you can also apply for an LLC for about 500.00 or so...just make up some
goofy name and your ready to rock and roll.........
----- Original Message -----
From: "Mark Lasarko" <mlasarko@co.ba.md.us>
To: <swm@emanon.com>; <John.Matus@tokiom.com>
Cc: <ccielab@groupstudy.com>; <nobody@groupstudy.com>; <jmatus@pacbell.net>
Sent: Friday, January 20, 2006 2:03 PM
Subject: RE: ccie tax write-off's
> 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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