The largest independent, non-commercial, consumer-oriented resource on the Internet for owners, collectors and enthusiasts of fine wristwatches. Online since 1998. | ||||||||
|
||||||||
|
Feel free to discuss pricing and specific dealers. But 'for sale' postings, commercial solicitation and ads are not allowed. Full archive of all messages is accessible through options in the Search and Preferences features. Privacy, policies and administrivia are covered in the Terms of Use.
For the answer to the NUMBER #1 most frequently asked question here--for details or value of a specific older Omega watch you have--go to: Tell Me About My Omega. | Learn more about How To Include Photos and HTML In Your Postings. | To contact someone with a question not relevant to other readers of the forum, please click on their email address and contact them privately. |
: Greg,
: First of all, sorry, did not mean to imply that
: you did not have some knowledge of tax laws.
: I usually assume Im talking to someone with
: little knowledge.
No harm, no foul.
: Second, reference my first message where I
: stated the following: According to the IRS,
: you would need to prove the following: 1)Its
: unreimbursed
: 2)Its directly connected with the services
: 3)Expenses you had only because of the services
: you gave
: 4)Not personal, living, or family expenses.
: I think that a watch clearly does not meet
: criteria #4, and marginally meets criteria 2
: and 3. I agree with Gator that unless you
: could prove it is used exclusively for you
: job and nothing else, you have a shot. My
: guess is that the IRS might allow a nominal
: expense, maybe under $100 for something with
: the functionality required by the job. And I
: would go to bat for you on that, but not
: much else.
I 100% agree with you that a $2k jewelry (let's call a spade a spade) might fail 2,3 and 4 of the above and I think I have to put the pipe down and figure out some other, legitimate ways of deducting from my income.
: Give it a shot. Its up to you if you are
: willing to take the risk.
I have a long while to sleep on it (it's for 2007, not 2006) but I think rationally speaking it would be improper to try to deduct such an expense. I even thought about calling it "chronometric pulse counter" :-).
Chronocentric and zOwie site design and contents (c) Copyright 1998-2005, Derek Ziglar; Copyright 2005-2008, Jeffrey M. Stein. All rights reserved. Use of this web site constitutes acceptance of the terms of use. | CONTACT | TERMS OF USE | TRANSLATE |