<VV> 1 REASON TO JOIN CORSA

[Gary Swiatowy]

Hobby expenses tax deductible?
Yeah right.................
Please let us know when to send your Comunique to federal prison.
There are several so called "tax consultants" who give you plenty of 
deductions, they tell you what you want to hear, and they promise you large 
refunds.
I would check with another consultant, I bet another one would not agree.
I think you have been given some very dangerous information.
If any of it were factual, we would all have been doing it for years.

Gary Swiatowy


>> rmurray at anaheimducks.com writes:
>>
>> Here's a  big one...The tax writeoffs!
>>
>> I just got back from meeting w/ tax  agent...let me first preface this by
>> saying that my agent is an honest, career  tax person who knows the laws
>> and the
>> system - she will go to the edge, but  not over, the legal allowances. 
>> We
>> tapped into the info below last year,  but looked much closer this 
>> time...
>>
>> Summarily, as a member of  non-profit groups CORSA and Vintage Corsa, as
>> well
>> as Vintage Corsa's  affiliation with charitable partner "got kids", my
>> Corvairs qualify as  non-profit promotional vehicles, thus allowing the
>> following
>> legitimate  tax-based deductions...
>>
>> - all out-of-pocket expenses related to said  club membership and club
>> activities, including annual dues, meeting meals,  logo swag, parking
>> fees, toll
>> charges, event entry fees, raffle drawings,  etc...
>> - all out-of-pocket travel expenses related to attendance and
>> participation
>> in corvair events (ie travel to the national  convention...writeoff
>> airfare,
>> hotel, meals, mileage, etc)
>> - all general  Corvair mileage (over 3K miles in my case)...ie cruising 
>> is
>> in
>> effect  promoting CORSA
>> - the PURCHASE of my greenbrier last January ($1,100)...ie  I bought a
>> vehicle that will promote CORSA
>> - all out-of-pocket expenses  related to Corvair ownership...including
>> DMV,
>> fuel, cosmetics, and maintenance  and upkeep...expenses necessary to
>> maintain
>> the vehicle that promotes CORSA,  be it a fuel pump, an oil change,
>> windshield,
>> paint job, engine rebuild, or  car wax.
>> - if you choose to get your club newsletters on line and print at  home,
>> you
>> can writeoff your internet service, computer, printer, ink, and  paper.
>>
>> Interestingly, if you AND your spouse are both CORSA members,  you can
>> double
>> applicable writeoffs like airfare, meals, dues, swag,  etc.
>>
>> Ironically, the only thing I couldn't write off is the volunteer  time
>> invested supporting your Corvair-related activities...in my case, that
>> means time
>> spent on the club and vendor websites, blogs, newsletter, eblasts,  and
>> just
>> hanging out talking vairs.  But hey, you'll never see me doing  any of
>> these w/o
>> smiling anyway.
>>
>> So what's the lesson learned?   Join CORSA, save $$$!
>>
>> As always, check with your trusted tax  representative...may not be
>> available
>> in all areas...some restrictions may  apply...residents of Alaska and
>> Hawaii
>> add 3% additional sales tax...hot  chicks are at the library...
>>
>> Rod
>> Vintage Corsa
>> Web, PR,  Corvair Tax  Consultant
>> _______________________________________________