From: josh lauer (jslauer@hotmail.com)
Date: Fri Feb 22 2008 - 18:08:52 ARST
Agreed,
the first year I did it...I got audited. I didn't have any problems with the
audit but it did raise a flag. I would recommend not doing it unless you
think you'll gain a lot. I found the extra dollars I save were not near
worth the hassle. The more fancy you get with your taxes, the more flags
that are raised.
Josh
--------------------------------------------------
From: "Scott Morris" <swm@emanon.com>
Sent: Thursday, February 21, 2008 8:16 AM
To: "'keith tokash'" <ktokash@hotmail.com>; "'Larry'" <cc13lab@gmail.com>;
<ccielab@groupstudy.com>
Subject: RE: OT - Writting off CCIE expenses
> While technically possible, the idea of writing off home/office space is a
> high risk for auditing. My accountant has always told me that for the
> little value you get out of it, it's not worth the risk.
>
> Just FYI.
>
> Scott
>
> -----Original Message-----
> From: nobody@groupstudy.com [mailto:nobody@groupstudy.com] On Behalf Of
> keith tokash
> Sent: Wednesday, February 20, 2008 1:29 PM
> To: Larry; ccielab@groupstudy.com
> Subject: RE: OT - Writting off CCIE expenses
>
> You might ask the accountant about writing off part of your mortgage/rent
> as
> this lab is taking up square footage in your home, and it's for work.
> It's
> not that cut and dry, but you may get another break there.
>
> With a few exceptions, secrecy is deeply incompatible with democracy and
> with science.
> --Carl Sagan
>
>> Date: Wed, 20 Feb 2008 08:38:20 -0500
>> From: cc13lab@gmail.com
>> To: ccielab@groupstudy.com
>> Subject: OT - Writting off CCIE expenses
>>
>> Went to a tax advisor last night and was very suprised to find out
>> that I could write off all of my CCIE expenses. The only stipulation
>> on it is that the amount has to be over 2% of you AGI value (adjusted
>> Gross Income). I
> was
>> able to write off all of my equipment (even the ebay stuff) as well as
>> all the classes / test / racktime. So if you are in the same boat as
>> me and had to purchase everything yourself there is tax relief for
>> you! Just thought I would share that as it made a big difference in my
>> tax situation. Thanks
>>
>>
>> -larry
>>
>
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