Chat or Talk in the INReview Discussion Forum Chat or Talk in the INReview Discussion Forum
 
register chat members links refer search home
INReview INReview > The Scuttlebutt Lounge > Politics & Government > Taxes > meals and entertainment
Search this Thread:
  Print Version | Email Page | Bookmark | Subscribe to Thread
Author
Thread Post New Thread   
sourdo
Rookie

offline
Registered: Feb 2007
Local time: 11:22 AM
Location: Alaska
Posts: 2

meals and entertainment post #1  quote:



In 2006 I have done some freelance work and thus self employed. In some of my work I was doing some teacher training. The company contracting work to me paid me a fee plus all of my expenses. My question is are my meals 100% deductible since I was reimbursed for them? All I can see is I can claim 50%, but that don't seem right for my situation.

Thanks
Sourdo
Old Post 02-25-2007 03:12 AM
Click here to Send sourdo a Private Message Visit sourdo's homepage! Find more posts by sourdo Add sourdo to your buddy list Click Here to Ignore sourdo REPORT this Post to a ModeratorNOMINATE this Post for Reward Points Reply w/Quote

Aggie1978
Enthusiast

offline
Registered: Nov 2005
Local time: 02:22 PM
Location: Texas
Posts: 47

post #2  quote:

You might check with a CPA or a tax consultant to be sure, but I think you cannot claim any business expense for meals since you were reimbursed for them.
Old Post 02-25-2007 04:30 AM
Click here to Send Aggie1978 a Private Message Find more posts by Aggie1978 Add Aggie1978 to your buddy list Click Here to Ignore Aggie1978 REPORT this Post to a ModeratorNOMINATE this Post for Reward Points Reply w/Quote

sourdo
Rookie

offline
Registered: Feb 2007
Local time: 11:22 AM
Location: Alaska
Posts: 2

post #3  quote:

sorry I didn't make this clear, but the amount I was paid included the expenses incured along with my fee, thus not being taxed on those expenses would be a "wash".

I will be checking with an accountant as its all confusing!

Thanks.
Old Post 02-25-2007 06:50 AM
Click here to Send sourdo a Private Message Visit sourdo's homepage! Find more posts by sourdo Add sourdo to your buddy list Click Here to Ignore sourdo REPORT this Post to a ModeratorNOMINATE this Post for Reward Points Reply w/Quote
Time: 08:22 PM Post New Thread   
  Print Version | Email Page | Bookmark | Subscribe to Thread
INReview INReview > The Scuttlebutt Lounge > Politics & Government > Taxes > meals and entertainment
Search this Thread:
Forum Rules:
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts 		HTML code is OFF
vB code is ON
Smilies are ON
[IMG] code is ON
Forum Policies Explained
 
Rate This Thread:

< >

Copyright ?2000 - 2018, Jelsoft Enterprises Limited
Page generated in 0.02951908 seconds (79.82% PHP - 20.18% MySQL) with 34 queries.

ADS
© 2018, INReview.com.   Popular Forums  All Forums   Web Hosting by Psyphire.
INReview.com: Back to Home