Personal expenses a business deduction?

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • taxgirl
    Member
    • Nov 2013
    • 95
    #1

    Personal expenses a business deduction?

    Client has new schedule C which is skincare/nail care

    She was "told" that she could write off her personal expenses of the skincare line as she is a walking endorsement of the product.

    Thoughts...
    Tags: None
    • spanel
      Senior Member
      • Oct 2008
      • 845
      #2
      Originally posted by taxgirl
      Client has new schedule C which is skincare/nail care

      She was "told" that she could write off her personal expenses of the skincare line as she is a walking endorsement of the product.

      Thoughts...
      There is a reason the COGS section says purchases MINUS personal use.

      Chris

        Comment

        • taxgirl
          Member
          • Nov 2013
          • 95
          #3
          That's what I'm thinking but I didn't know if anyone else had a compelling argument...

            Comment

            • taxmom34
              Senior Member
              • Nov 2008
              • 732
              #4
              must have been her "hairdresser or maybe mechanic" that told her. lol

                Comment

                • FEDUKE404
                  Senior Member
                  • May 2007
                  • 3648
                  #5
                  Tax advice

                  Originally posted by taxmom34
                  must have been her "hairdresser or maybe mechanic" that told her. lol
                  Perhaps she may have consulted her Mary Kay or Amway tax representative.

                  FE

                    Comment

                    • TAXNJ
                      Senior Member
                      • Jan 2007
                      • 2106
                      #6
                      Originally posted by taxgirl
                      Client has new schedule C which is skincare/nail care

                      She was "told" that she could write off her personal expenses of the skincare line as she is a walking endorsement of the product.

                      Thoughts...
                      You can't be serious!!!

                      If you can find that in the code, you are the best!

                      If she is "told" she looks like a million dollars you think she will have a tax liability?
                      Last edited by TAXNJ; 03-27-2017, 06:22 PM.
                      Always cite your source for support to defend your opinion

                        Comment

                        • taxea
                          Senior Member
                          • Nov 2005
                          • 4292
                          #7
                          Originally posted by taxgirl
                          Client has new schedule C which is skincare/nail care

                          She was "told" that she could write off her personal expenses of the skincare line as she is a walking endorsement of the product.

                          Thoughts...
                          Sales/Marketing people will say anything to make the deal. I would love to see that liar's tax return.
                          Believe nothing you have not personally researched and verified.

                            Comment

                            Previous template Next

                            Disclaimer

                            Collapse

                            This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

                            Working...