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Personal expenses a business deduction?

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    #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
    #2
    Originally posted by taxgirl View Post
    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

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      #3
      That's what I'm thinking but I didn't know if anyone else had a compelling argument...

      Comment

        #4
        must have been her "hairdresser or maybe mechanic" that told her. lol

        Comment

          #5
          Tax advice

          Originally posted by taxmom34 View Post
          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

            #6
            Originally posted by taxgirl View Post
            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

              #7
              Originally posted by taxgirl View Post
              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

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