InsanePeopleFacebook

2692 readers

310 users here now

Screenshots of people being insane on Facebook. Please censor names/pics of end users in screenshots. Please follow the rules of lemmy.world

founded 1 year ago

MODERATORS

Lifecoach5000@lemmy.world

BonesOfTheMoon@lemmy.world

199

Sovcit is thinking out loud. (lemmy.world)

submitted 2 days ago by BonesOfTheMoon@lemmy.world to c/insanepeoplefacebook@lemmy.world

65 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Atlusb@lemmy.world 39 points 2 days ago* (last edited 2 days ago) (1 children)

You see US tax law is so complicated and I know so little about it that I don't know if this would work or not. I'm guessing somehow not unless you're rich.

[–] Kit@lemmy.blahaj.zone 38 points 2 days ago (2 children)

Many business owners that I know do a lite version of this. Going out to eat? Discuss work for 5 minutes, then you can call it a business meeting and avoid paying taxes on the meal. Driving to and from work? Gas is a write off. Buying supplies for the office? Tax free, and maybe some of the supplies make it home with you.

[–] EmilyIsTrans@lemmy.blahaj.zone 14 points 2 days ago (3 children)

That's fraud. The 5 minute business discussion can be written off, the remaining (let's say) 55 minutes cannot. Maybe it differs where you live, but where I do only travel between work destinations can be written off, so home to work doesn't count. Buying supplies for the office is a normal and valid expense, taking them home is theft and/or taxable

[–] Skydancer@pawb.social 12 points 2 days ago

Last I checked in the US, the time wasn't a factor. You only get to write off 50% though - I think the assumption is that you would have had to feed yourself anyway and the extra 50% is the cost of doing so in a restaurant or for the other party's meal.

[–] TrickDacy@lemmy.world 3 points 2 days ago

They're simply talking about what people do and probably usually get away with. I hope no one is reading a comment like that (or yours) on the Internet and then changing how they file their taxes...

[–] Kit@lemmy.blahaj.zone 1 points 2 days ago

Oh yeah, I probably should have specified that it's not legal, just common practice. Tax fraud ain't anything to fuck around with.

[–] A_Union_of_Kobolds@lemmy.world 7 points 2 days ago (1 children)

Yeah if you own a small business, learning what you can write off is crucial. It takes a lot of the pain out.

But you've still gotta have an actual business XD

[–] HubertManne@moist.catsweat.com 2 points 2 days ago

yeah and a business is not allowed to not have revenue for over a certain period of time.