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You're like 10X more likely to be audited as a business...

Posted on: September 6, 2022 at 15:30:50 CT
Gyro MU
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owner and like 10X more likely as a business owner to be audited if you deduct a lot of travel expenses. Be careful.
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1 Week from today I will be on a plane to Scottsdale AZ - Joeboo MU - 9/6 15:25:12
     when are you hooking up with ScottsdaleTiger? (nm) - 90Tiger STL - 9/6 16:57:36
          They can do reach arounds while talking about AD budgets(nm) - Eggs MU - 9/6 16:58:57
               RE: They can do reach arounds while talking about AD budgets(nm) - dangertim MU - 9/6 21:43:52
               WADR that is gross(nm) - FIJItiger MU - 9/6 19:55:52
                    [sensible chuckle](nm) - dangertim MU - 9/6 21:41:58
               limp - 90Tiger STL - 9/6 16:59:57
     you shack-killing sonofa*****(nm) - Joeboo MU - 9/6 16:33:51
          we need a gif for that - colonel angus beef KC - 9/6 16:43:31
               RE: we need a gif for that - Tigrrrr! MU - 9/6 21:26:19
               RE: we need a gif for that - cooter MU - 9/6 17:26:53
               RE: we need a gif for that - lqf2b8 ATL - 9/6 16:57:27
                    RE: we need a gif for that - Joeboo MU - 9/6 18:46:32
     It's only 108 degrees there right now, feels like a sauna - Macgrantt MU - 9/6 15:55:40
          you would know (nm) - pickle MU - 9/6 16:24:55
          yeah but it's an hour earlier(nm) - Joeboo MU - 9/6 15:57:35
               And they don't have daylight savings time(nm) - meatiger MU - 9/6 16:03:41
                    that's racist(nm) - Joeboo MU - 9/6 16:05:54
                         Or Indiana - Mormad MU - 9/6 16:06:46
                              Arizona doesn’t have Indiana? - pickle MU - 9/6 16:33:03
     You should buy a company Escalade before Dec. 31. (nm) - Newcatbirdseat MU - 9/6 15:37:24
          Where I worked they would use overtime at the end of each - alstl MU - 9/6 17:29:55
          had a fellow insurance agent once tell me that they - Joeboo MU - 9/6 15:44:45
               The answer: - XRob MU - 9/6 16:56:44
               I know business owners who add Mizzou football tickets - mizzouSECedes STL - 9/6 16:15:28
                    that's likely part of the reason why we have the charade of - Joeboo MU - 9/6 16:21:33
               they just write it off(nm) - TigerA MU - 9/6 15:48:02
                    RE: they just write it off(nm) - Fred G. Sanford USA - 9/6 15:55:01
               I really do not get that - meatiger MU - 9/6 15:47:30
                    you gotta run it as a profit deal - colonel angus beef KC - 9/6 16:26:52
                    If you're dropping $100k on a boat for your business, - tigerdb MU - 9/6 16:09:39
                         I just threw out a number - meatiger MU - 9/6 16:10:23
                              but the % is closer to 45%, and if it's someone that likes - tigerdb MU - 9/6 16:14:50
                                   I get that - meatiger MU - 9/6 16:16:36
                                        Step 1 - buy a boat - Mormad MU - 9/6 16:19:02
                              But, you have a boat - Mormad MU - 9/6 16:11:46
                    Sounds like you just got 25% of the price of a new boat(nm) - Mormad MU - 9/6 15:58:42
                         get 4 people to go in on it and it's free(nm) - Joeboo MU - 9/6 15:59:09
                              Get 3 business partners who don't like water - Mormad MU - 9/6 16:00:11
                    would you rather pay the government or yourself? (nm) - ashtray UF - 9/6 15:57:06
                         I would rather keep the $75k and invest - meatiger MU - 9/6 16:09:41
                              increasing your salary would mean paying more taxes - ashtray UF - 9/6 18:03:09
                         No - Meat's point was: would you rather pay the government - tigerdb MU - 9/6 16:08:16
               uses it to entertain clients, of course (nm) - ashtray UF - 9/6 15:45:28
                    Hef could sure use one now(nm) - meatiger MU - 9/6 15:47:51
                         lol(nm) - Rabbit Test MU - 9/6 15:48:35
                    because of the implication, obviously(nm) - Joeboo MU - 9/6 15:45:51
                         I bet you can use the prop to shred paper, too (nm) - ashtray UF - 9/6 15:47:52
                         One of the best conversations ever - cooter MU - 9/6 15:47:40
                              It's not dark...you're misunderstanding me bro(nm) - Joeboo MU - 9/6 15:52:03
                                   RE: It's not dark...you're misunderstanding me bro(nm) - cooter MU - 9/6 17:32:43
     How about - Rabbit Test MU - 9/6 15:32:20
          RE: How about - Joeboo MU - 9/6 15:35:26
     Hike that bad boy from top to bottom and back up - Mormad MU - 9/6 15:29:56
          my walk from the alumni center to Faurot Field last week - Joeboo MU - 9/6 15:30:42
               If you go to the South Rim, you can take the mules - Mormad MU - 9/6 15:32:21
                    is this a sex thing? (nm) - lqf2b8 ATL - 9/6 15:51:50
                         yes...magrandt(nm) - meatiger MU - 9/6 15:53:55
                         Well Tijuana is only an afternoon drive away(nm) - Joeboo MU - 9/6 15:53:13
                              So is Area 51 if you'd rather be probed(nm) - Mormad MU - 9/6 15:57:54
                    we've got some sort of Jeep excursion booked neer Paige AZ - Joeboo MU - 9/6 15:34:38
                         This is worth doing. - Rabbit Test MU - 9/6 15:41:08
                         The pink ones? Out of Sedona? - Mormad MU - 9/6 15:36:59
                              I think this is Antelope Canyon - Joeboo MU - 9/6 15:41:36
               lol(nm) - meatiger MU - 9/6 15:32:04
     Lol-----Gyro(nm) - hefeweizen MU - 9/6 15:27:33
          It's now my goal to find insurance conferences - Joeboo MU - 9/6 15:28:32
               One of the great things for a few years - meatiger MU - 9/6 15:30:57
                    the nature of my business means I'll never have a foreign - Joeboo MU - 9/6 15:33:13
                         The other thing about the last - meatiger MU - 9/6 15:35:44
               How many fine time pieces you got though?----Gyro(nm) - hefeweizen MU - 9/6 15:30:56
                    I think I'm up to about 14 --- real Gyro(nm) - Gyro STL - 9/6 15:49:26
               You're like 10X more likely to be audited as a business... - Gyro STL - 9/6 15:30:50
                    so should I stop writing off my private jet commute to work - Joeboo MU - 9/6 15:32:16
                         I had a client once... - Gyro STL - 9/6 15:46:12
                              so did you fix his speeding ticket or no? (nm) - phrejd KC - 9/6 16:46:01
                                   Is this the part... - Gyro STL - 9/6 16:50:44
                                        this accolade? - phrejd KC - 9/6 16:54:32
                                             Yep(nm) - Gyro STL - 9/6 17:04:17
                                                  normal people find that embarrassing - phrejd KC - 9/6 17:06:42
                                                       "Normal people"? Old balls... - Gyro STL - 9/6 17:10:10
                                                            again, this is why they're laughing at you (nm) - phrejd KC - 9/6 17:11:58
                                                                 Still couldn't care less... - Gyro STL - 9/6 17:13:31
                                                                      i'm not sure anyone on this board cares more about - phrejd KC - 9/6 17:16:27




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