I got 822.00 so far this year Get collecting
Full Version: Tax Write OFFs
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Hey guys here is a way to write your taxes off.. Have you ever went to a convenient store, and seen Lottery Tickets on the Ground.. ? Pick those *****es up.. they are tax write offs
I got 822.00 so far this year Get collecting
Thanks for posting that.
However, I don't see any  .
Hmm... There are usually many tickets around the gas stations, I would guess probably $25 worth.
What is a pip? I keep seeing this all over the place and haven't got a clue what you are talking about.
Picking up lottery tickets...that could be a new hobby, lol!
how much is one worth or is it based on the value of the ticket itself?
QUOTE(ownagesoft @ Oct 1 2005, 07:44 PM) Hey guys here is a way to write your taxes off.. Have you ever went to a convenient store, and seen Lottery Tickets on the Ground.. ? Pick those *****es up.. they are tax write offs I got 822.00 so far this year Get collecting [right][snapback]475976[/snapback][/right] so, your saying the money that is spent on lottery tickets can be used as tax write offs in the USA? if this is true, how is this to be filed? QUOTE(wfcarp @ Nov 5 2005, 07:37 PM) so, your saying the money that is spent on lottery tickets can be used as tax write offs in the USA? if this is true, how is this to be filed? [right][snapback]542980[/snapback][/right] I'm pretty sure you can only write off the losing lottery tickets if you end up winning.
read my artical on this board
QUOTE(Radmax86 @ Nov 7 2005, 01:47 AM) I'm pretty sure you can only write off the losing lottery tickets if you end up winning. [right][snapback]545552[/snapback][/right] I think you are right, it would be logical that gambling losses could only be written off against gambling winnings, and not against other forms of income like salary or interest (it is best to consult a tax expert, of course). The following excerpt confirms this: QUOTE Gambler Loses Twice - Thanks to Tax Court
The Tax Court, in Jimmie L Clemons T.C. Summary Opinion 2005-109, upheld the IRS position that gross gambling winnings must be reported as income on Page 1 of the tax return, with losses, to the extent of winnings, allowed as a "miscellaneous" Itemized Deduction. The losses can be deducted in full on Schedule A, and are not subject to the 2% of AGI exclusion.
In my country, IRAS gives double tax exemption on donations given by individuals & companies to the SPCA
The typical employee¡¦s income looks like this:
Work --- Pay Taxes --- Spend what is left over. The typical business owner's income looks like this: Work --- Spend --- Pay taxes on what is left over. cuz biz expenses are tax deductible That's cool |
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