Thursday, April 17, 2008

A Taxing Effort

My taxes are done. I am at peace with the world.

This year, our taxes were more complicated. Scott had started a business in 2007, so there were oodles of receipts to go through. And it was an educational experience. In the process of preparing our return, I learned a little bit about our federal government, and a bit more about the way my husband's brain works.

And what facts did I uncover for your consideration?
  1. Jack of All Trades is not a federally accepted job description.
  2. Deodorant is not a business expense. Even if you need it.
  3. You can have a business and not know it. And when you do, Turbo Tax will say, "Congratulations! You have a business!"
  4. Buying it at Ace hardware does not automatically make something deductable. Especially if that something is a candy bar and a coke.
  5. Quicken is a brand of financial software. The Quickening is from Highlander. There's a difference.
  6. If your job is to salvage scrap metal, and to repair and/or re-sell cars... you cannot deduct a single cantaloupe.

1 comment:

kath said...

interesting facts.... will keep them in mind! lol..

Thanks for the tip....I keep a bottle of Jamesons in my room for medicinal purposes... will try it.. !