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Reply #7: That's what everyone does in those circumstances. [View All]

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msmcghee Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 09:43 AM
Response to Reply #5
7. That's what everyone does in those circumstances.
That's how the tax laws are written.

If you own a corporation and that is your life - writing and giving talks for which you are paid - then (generally) all of your expenses involved with doing that become deductable from your income before taxes.

If you spend most of your time on the road providing those services the expenses can be very high.

What's the problem?



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