From: M S (michaelgstout@hotmail.com)
Date: Sat Feb 03 2007 - 18:04:33 ART
I just did my taxes and the deduction has changed to deduction for
expenses over 2% of your income.That was very dissapointing. The more you
make the harder it is to get a deduction. Is this anybody elses
experience. I use an experienced accountant, but his specialization is
not federal taxes.
I suspect if you own a business related to CCIE training you would
account for the expence differently.
--------------------------------------------------------------------
From: "Brad Ellis" <brad@ccbootcamp.com>
Reply-To: "Brad Ellis" <brad@ccbootcamp.com>
To: "Jojo jojo" <barrerj1@hotmail.com>, <mneely_23@yahoo.com>,
<dtandou@yahoo.com>, <ccielab@groupstudy.com>
Subject: Re: ccie lab for tax deduction
Date: Sat, 3 Feb 2007 11:56:06 -0800
The tax man told me 8 years ago when I got audited that I had to
depreciate my equipment. Accountant said not to argue, so I
didn't...
thanks,
Brad Ellis
CCIE#5796 (R&S / Security)
CCSI#30482
Network Learning Inc - A Cisco Sponsored Organization (SO)
YES! We take Cisco Learning credits!
mailto:brad@ccbootcamp.com
http://www.ccbootcamp.com (Cisco Training and Rental Racks)
http://www.ccbootcamp.com/groupstudy.html (groupstudy member
discounts!)
Voice: 702-968-5100
FAX: 702-446-8012
----- Original Message ----- From: "Jojo jojo" <barrerj1@hotmail.com>
To: <mneely_23@yahoo.com>; <brad@ccbootcamp.com>;
<dtandou@yahoo.com>; <ccielab@groupstudy.com>
Sent: Saturday, February 03, 2007 10:33 AM
Subject: Re: ccie lab for tax deduction
No no problem I do it every year, just keep the receipts and take the
depreciation of the equipment
at once(deduction 179). I you used Turbo Tax or similar, the program
will
walk you through the process.
I spend 13,000 in a voice lab and I'm claiming all, plus books,
bootcamps.
is all for job improvement.
Hth
JoJo
>From: Mark N <mneely_23@yahoo.com>
>Reply-To: Mark N <mneely_23@yahoo.com>
>To: Brad Ellis <brad@ccbootcamp.com>, Tandou Mohamed
><dtandou@yahoo.com>,
> ccielab@groupstudy.com
>Subject: Re: ccie lab for tax deduction
>Date: Sat, 3 Feb 2007 09:59:19 -0800 (PST)
>
>Thanks everybody for the help.
>
>Brad Ellis <brad@ccbootcamp.com> wrote: The hardware/equipment
>should be
>depreciated, while any training manuals,
>books, or classes may be deductable.
>
>thanks,
>Brad Ellis
>CCIE#5796 (R&S / Security)
>CCSI#30482
>Network Learning Inc - A Cisco Sponsored Organization (SO)
>YES! We take Cisco Learning credits!
>mailto:brad@ccbootcamp.com
>http://www.ccbootcamp.com (Cisco Training and Rental Racks)
>http://www.ccbootcamp.com/groupstudy.html (groupstudy member
>discounts!)
>Voice: 702-968-5100
>FAX: 702-446-8012
>----- Original Message -----
>From: "Tandou Mohamed"
>
>To: "Mark N" ;
>Sent: Friday, February 02, 2007 6:40 PM
>Subject: Re: ccie lab for tax deduction
>
>
>It is educational so as far as i know it is tax deductible.
>
> Mohamed
>
>Mark N wrote:
> I plan on claiming my lab equipment and workbooks on my taxes for
>2006.($8,000) Has anyone had any problems with this?
>
>Thanks,
>
>Mark
>
>
>Mobile - 803.210.6413
>
>
>
>
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