An old former IRS agent told me that I could deduct 100% of any money earned on a job I did for free for a not for profit. Another words, I didn¹t earn anything, so I don¹t have to pay taxes on something I didn¹t earn. If I also didn¹t pay anything out (like I would when I give money to charity) it¹s all even. People should be donating their time because they believe in the cause, not because they night get something back from Uncle Sam. Rikk -- Rikk Desgres Pinehurst Pictures & Sound http://www.pinehurstpictures.com (413) 584-6200 ************************************************************ Please do not place this email address on any mailing list. This address is for direct one on one communication. Thank you for your cooperation. ************************************************************ on 1/22/07 11:44 AM, Edbride-PR at Ed at edbride-pr.com wrote: > ** The author of this post was a Good Dobee. > ** You too can help the group > ** Fill out the survey/skills inventory in the member's area. > ** If you did, we all thank you. > > > > > As unfair as this may seem, that's what a tax accountant told me. Then, a tax > lawyer said just the opposite. Go figure (sorry). > > I think the not-deductible answer is correct, however. > > Ed > >> >> ----- Original Message ----- >> >> From: Rich <mailto:rich at on-the-net.com> >> >> >> >> >> >> >> If by 'donated is not tax deductable' you mean you can't write off what you >> don't receive, yes, >> you can not write off as a loss what you would have made for the same work >> as fully billable time. >> (I am not an accountant - but etc etc etc on tv)... >> > > > _______________________________________________ > Hidden-discuss mailing list - home page: http://www.hidden-tech.net > Hidden-discuss at lists.hidden-tech.net > > You are receiving this because you are on the Hidden-Tech Discussion list. > If you would like to change your list preferences, Go to the Members > page on the Hidden Tech Web site. > http://www.hidden-tech.net/members -------------- next part -------------- An HTML attachment was scrubbed... URL: http://lists.hidden-tech.net/pipermail/hidden-discuss/attachments/20070122/1935cc66/attachment-0005.html