Taxes?

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  • #56930
    stacey cook
    Participant

    Dave, yes just buy a track or start a Kart shop.. You gets lots of right offs.. 😥

    #56931
    Anonymous
    Inactive

    LOL ha ha–I was hoping, I didn’t know, we as racers would have to carry the track owners. lol :idn: :loony:

    #56932
    Anonymous
    Inactive

    I just have to respond that I got a laugh out of that question!

    Remember, no question is a bad question, but I did have to laugh.

    You and only you pay.

    #56933
    RBI
    Participant

    Dave,

    Do you own your own business?

    #56934
    Anonymous
    Inactive

    yes

    #56935
    Anonymous
    Inactive

    Sponsor me!

    #56936
    Anonymous
    Inactive

    If you own your own business or are able to write off business expenses such as highly commissioned sales reps, then anything you do that relates to your work, that stimulates or enhances your business, nurtures your professional creativity, improves your skills, wins you recognition, or increases your chances of making a sale is a business expense and therefore deductible.

    To sum up, in looking for the best possible advantage regarding business expenses:
    ?Define your business as broadly as possible.
    ? Remember your business expenses may be expanded or limited by the scope of your business, the money available to spend on your business and the time available due to other commitments.
    ? Whatever you do, and whomever you do it with, consider the possibility of a business connection.

    #56937
    Anonymous
    Inactive

    Hey Dennis,

    You still lurking this forum? Any racing lately? I think I lost my hair because of your Rocket fuel. (we’ll maybe it happened before that) Any way, wish you were back here to compete, even a one off would be good. Roman wanted to run You, Jack and Lee for a championship run, but you all took the next year off.

    Anyway, no hijack. Back to Tax’s.

    Rick

    #56938
    Anonymous
    Inactive

    Still lurking and I think this thread is dead enough to hijack.

    I’ve only raced once since leaving Colorado and I pretty much stunk up the joint, finished mid pack at a local race in IA. I am trying to keep up with whats going on in Colorado and it seems that things are really looking up for racing. National events, not too much bitching and it seems that the fields continue to grow so those are all good.

    We’re moving to Texas in about 5 months and hopefully the karting scene is a lot better there than it is here in South Carolina. I’d like to get involved with it again but driving 2 hours to practice and race isn’t exactly what I would consider fun.

    From what I have read it sounds like Roman is kicking some serious tail out there. It’s good to see a great kid enjoy a sport like karting and possibly take it to a bigger level. I’m impressed with what I see from him and from Marc Elliot. Tell Roman I said hello or if your reading this Roman, hello.

    #56939
    Anonymous
    Inactive

    Thank you Dennis

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