From: Scott Morris (swm@emanon.com)
Date: Fri Feb 22 2008 - 19:06:55 ARST
hehehe... Yes, I know you get audited if they don't add up. but
statistically the things that flag an audit most (e.g. easiest to fudge a
little) are things like home office.
My electric is billed to my business, so it's an easy write off. The
percentage of the house "space" for the office isn't that big a deal in the
grand scheme of things. Again just my opinion.
Scott
_____
From: kaelwyoung@netscape.net [mailto:kaelwyoung@netscape.net]
Sent: Friday, February 22, 2008 2:17 PM
To: swm@emanon.com; ktokash@hotmail.com; cc13lab@gmail.com;
ccielab@groupstudy.com
Subject: Re: OT - Writting off CCIE expenses
Scott,
You get audited if your numbers do not add up .If you take
deductions that are lawful like the Home/Office space you have nothing to
fear.
I have always done it without any IRS problems .....the deductions
can be significant.
Regards,
Karl.
-----Original Message-----
From: Scott Morris <swm@emanon.com>
To: 'keith tokash' <ktokash@hotmail.com>; 'Larry' <cc13lab@gmail.com>;
ccielab@groupstudy.com
Sent: Thu, 21 Feb 2008 8:16 am
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
<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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