View Single Post
  #3  
Old May 22nd 06, 07:48 PM posted to rec.photo.misc,rec.photo.digital,rec.photo.equipment.35mm,rec.photo.technique.art
external usenet poster
 
Posts: n/a
Default Writing off gear?

In article , Thomas T. Veldhouse
writes
In rec.photo.equipment.35mm David Littlewood wrote:

*In my case, 20 years as a tax professional in the UK. Though I have not
practised as such for a few years, the basic principles in this area do
not change much. Nevertheless, I only offer it as general guidance. Tell
us which country you live in and you may get some more specific advice.


He posts from Road Runner in New York City or the vacinity ... so your answer
is the US I believe.


Ah yes - it is usually US resident posters who don't think it necessary
to say where they live!

Either way, if you bought the camera for personal use
and plans to use it for personal uses after his extreme adventure, then
basically a very very small portion of the camera would apply for business
use. In general, I advise not trying to dodge the IRS for a couple of extra
bucks. What is the most you can save on a 30D and accessories? At a 20% tax
rate you might save $400? Is that worth forming a company and risking the
wrath of the IRS because of its pseudo legitimate nature (if the system was
used 5% of the time for business in practice, then that is only $20!).

Which is why I suggested discussing it with them. However, from what I
recall being told by my one-time US opposite numbers, the IRS is not
exactly a user-friendly organisation.

I certainly don't think it would be advisable to form a company, which
would be much more complex and expensive. Sorry, should have made that
clear.

David
--
David Littlewood