Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (58790)	6/26/2002 1:42:17 PM
From: Frederick Langford	Respond to of 208838

I'm planning on building a 2000sf air conditioned dog house as well!<g> Don't forget the new Mercedes for transporting the dog to the vet and the groomer. Fred

To: Jeff Jordan who wrote (58790)	6/26/2002 1:55:10 PM
From: SpinCity1	Respond to of 208838

Jeff if the dog is an employee and not an independent subcontractor (read strict IRS regulations regarding this matter) you could possibly deduct some expenses related to the dog. For example his food could be listed under entertainment and dining. The dog house might be deducted as office equipment provided said dog guards the copy machine at least 10 percent of his time. You may also be able to deduct the vet bills as equipment repairs or uncovered medical losses. If you claim the dog as an asset rather than an employee you would be able to depreciate the dog over a period of 7 years rather than 10....however if the dog gets hit by a car you may then be entitled to deduct the remainder of the cost of the dog in one shot..also as an equipment theft provided that the person who hit the dog takes off . If they stick around then it may also be an unreimbursed equipment loss. If you build a 2000 sf a/c dog house you may only be able to deduct the sq footage that the dog uses exclusively for business, if the dog is treated as an employee. However if you treat the dog as an assest you could write the whole dog house off as equipment to store the other equipment in (kind of like writing off the computer case you put the computer in) and no, if they don't ask don't refile.

To: Jeff Jordan who wrote (58790)	6/26/2002 1:58:39 PM
From: SpinCity1	Respond to of 208838

also having the dog "fixed" may be deducted as equipment repair if the dog is treated as an asset

To: Jeff Jordan who wrote (58790)	6/26/2002 2:00:51 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 208838

If you are a member of the Mafia, you can claim the dog as a security devise. [hey, the IRS does not care if you are in any kind of illegal activity... if you have income, you owe taxes damned it ! -gg]