From: Sean C. (Upp_and_Upp@hotmail.com)
Date: Sat Feb 03 2007 - 16:51:42 ART
Hi Mark,
I'm with Darby and Elliot on this one. I've been using the same accountant
for 10 years, he's very ethical and professional (almost too ethical for
me). The accountant asks me the same question each year - 'does this apply
to your current position?'. I've been able to write off ALL my expenses for
my CCIE lab preparation - equipment, cables, workbooks, books (basically any
IT book), rack time, bootcamps, $1250 for the lab, along with my gas,
lodging and food to and from RTP to DC. Even deducted the toll receipts
whenever I took the toll road out to Dulles when I'd go over to NetMasters.
As long as it's with my profession, it's deductible. Did the same thing for
all my Cisco Professional certs (NP, DP, SP, etc...) along with the CISSP.
Just make sure you don't deduct the expense if it's something that your
employer ends up reimbursing you on. I knew an associate in ATL that had a
random audit and got 'caught' deducting some stuff that his employer had
already reimbursed him for. Dumb move on money that was already free.
But just to CYA myself, like Scott suggested - "stick with the safe answer
of asking an accountant". HTH,
Sean
----- Original Message -----
From: "Darby Weaver" <darbyweaver@yahoo.com>
To: "Elliott Reyes" <elliottreyes@adelphia.net>; "'Scott Morris'"
<swm@emanon.com>; <johngibson1541@yahoo.com>; <ccielab@groupstudy.com>
Sent: Saturday, February 03, 2007 6:16 AM
Subject: RE: RE: ccie lab for tax deduction
He is correct.
I use a long-time friend of mine (who was a former
Regional Director of the IRS) and he has been helping
me for several years with my taxes and he says the
same thing and he asks me this question specifically
each time I give him my numbers on what I spend in
this regard.
--- Elliott Reyes <elliottreyes@adelphia.net> wrote:
> Official tax preparer here.
>
>
> All deductible,
>
> Form 2106 or Schedule A.
>
> The law states as long as it applies to your current
> position and not to
> gain employment in another profession (I.E. Real
> Estate Agent or something).
>
>
>
> E
>
> -----Original Message-----
> From: nobody@groupstudy.com
> [mailto:nobody@groupstudy.com] On Behalf Of
> Scott Morris
> Sent: Friday, February 02, 2007 4:42 PM
> To: johngibson1541@yahoo.com; ccielab@groupstudy.com
> Subject: RE: RE: ccie lab for tax deduction
>
> The rules revolve around things like "unreimbursed
> expenses" required by
> your job. Or things like "professional development"
> in order to find a
> better job.
>
> Check with an accountant is the best bet, but
> equipment, study materials,
> test fees and travel expenses involved MAY be
> deducted.
>
> HTH,
>
>
> Scott Morris, CCIE4 (R&S/ISP-Dial/Security/Service
> Provider) #4713, JNCIE
> #153, CISSP, et al.
> CCSI/JNCI-M/JNCI-J
> IPexpert VP - Curriculum Development
> IPexpert Sr. Technical Instructor
> smorris@ipexpert.com
> http://www.ipexpert.com
>
>
>
> -----Original Message-----
> From: nobody@groupstudy.com
> [mailto:nobody@groupstudy.com] On Behalf Of
> johngibson1541@yahoo.com
> Sent: Friday, February 02, 2007 6:17 PM
> To: ccielab@groupstudy.com
> Subject: Re: RE: ccie lab for tax deduction
>
> No problem even for switches purchased from Ebay ?
>
> How about exam fee 1250 ?
>
> John
>
>
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