Personal Computers, Consulting and Taxes.
This may or may not be a reasonable question, but since I know a
number
of the faculty types on this board consult from time to time, I thought I
might pose a Tax question.
I know full well that it is very(!!!) hard to justify a home computer
as a business cost as a professor, as the tax laws say that if the only
reason it exists is for your convenience, it ain't deductable.
Let us say, just for arguments sake, that in the summer or your off
time, you perform some consulting and are payed for that work. Can you
buy a computer (in this hypothetical case a portable to take to and from
the consulting work) and write it off (using some appropriate
depreciation schedule, probably over three years) as a busines expense?
This hypothetical case supposes that you do not currently pay estimated
tax, but crank up your normal deductions at your college to get a
correct payment by the years end?
I am not trying to trick the government, bless their little hearts
and points of light, just what is in the realm of possible and ethical.
You may post or mail to me if you feel that this is the wrong forum
for this exchange.
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_______________________________________________________________________
Steven K. Pollack |
University of Cincinnati |
Department of Materials Science | I notice that you are still
& Engineering | using polymers!
498 Rhodes Hall ML#12 | - Lt. Commander Montgomery Scott
Cincinnati, OH 45221-0012 | U.S.S. Enterprise
spollack (- at -) ester.mse.uc.edu |
________________________________________________________________________
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