Working in Capitalistic USA

[Flames9_RN 358]

I don't see why you can't just post it in the open so everyone can gain from it, if it is on the up and up?

[BlueBonnet 84]

http://www.irs.gov/newsroom/article/0,,id=169490,00.html

Go read.

Because Im not sitting here typing out 3 pages on this, thats why I didnt. I gave you a paragraph, I offered my knowledge. Boy did I get attacked for it. I guess this is why people dont help others out anymore, just better to keep quiet. I wouldnt of even posted that link if I didnt feel my integrity wasnt on the line here.

Live and learn I guess. Kathryn shut this thread down, and then re opened it. I think that says alot for the "up and up" of what Im doing. Its so sad that 2 days ago I couldnt contain my excitment and wanted to share with my VJ family, to today, where I will never do anything like this again.

[Ban Hammer 13,345]

two posts removed per member request

[I AM NOT THAT GUY 5,715]

http://www.irs.gov/newsroom/article/0,,id=169490,00.html

Go read.

Because Im not sitting here typing out 3 pages on this, thats why I didnt. I gave you a paragraph, I offered my knowledge. Boy did I get attacked for it. I guess this is why people dont help others out anymore, just better to keep quiet. I wouldnt of even posted that link if I didnt feel my integrity wasnt on the line here.

Live and learn I guess. Kathryn shut this thread down, and then re opened it. I think that says alot for the "up and up" of what Im doing. Its so sad that 2 days ago I couldnt contain my excitment and wanted to share with my VJ family, to today, where I will never do anything like this again.

Typical pitfall of the first time business owner: Incorrectly determining which expenses are legitimate business deductions, and which are normal personal expenses. For home based businesses, two items that will guarantee an audit within the first couple of years: 1) Excessive vehicle expenses not supported by evidence, and 2) use of Form 8829 Expenses for Business Use of Your Home.

[HannahP 119]

Typical pitfall of the first time business owner: Incorrectly determining which expenses are legitimate business deductions, and which are normal personal expenses. For home based businesses, two items that will guarantee an audit within the first couple of years: 1) Excessive vehicle expenses not supported by evidence, and 2) use of Form 8829 Expenses for Business Use of Your Home.

My dad (a doctor) bought my NURSING school textbooks and then tried to write them off as a business expense.

/still not certain if he was successful or not

[BlueBonnet 84]

Probably not. He doesnt require the books for a course that he is taking, hence, he doesnt need them for his business. No deduction. If he gifts them to you, then that is what they are, a gift. Now if he gave you the money to buy the books, and you are taking the course, and you are required by your course to have these books, then you couldve dedcuted them.

[Susita 175]

I would love to comment on this but, nm.

[Susita 175]

http://www.irs.gov/individuals/article/0,,id=133088,00.html

[I AM NOT THAT GUY 5,715]

http://www.irs.gov/individuals/article/0,,id=133088,00.html

Check the person's qualifications.

[BlueBonnet 84]

http://www.irs.gov/pub/irs-pdf/p970.pdf

Theres the education information straight off the irs.gov

[Susita 175]

http://www.irs.gov/pub/irs-pdf/p970.pdf

Theres the education information straight off the irs.gov

How are tax credits a "capitalistic trick?"

[^_^ 5,021]

How are tax credits a "capitalistic trick?"

magnets are trickery too

[Susita 175]

magnets are trickery too

You have no idea how insane this gets me. Oh well back to work.

[BlueBonnet 84]

I guess maybe understanding me a little bit would help with the header.

I have never liked politics, I have never been allowed to vote, so I never got involved. I stay away from any and all conversations about politics, because in my opinion, Im not entitled to an opinion.

It was my husband who told me I came from a socialist country, I never knew what it was called, he was also the one who told me that the USA was a capitalistic country ... 3 years ago I didnt even know what either of these words meant.

So basicaly I was more excited that, coming from Canada, earning about $25 an hour, moving here, where I couldnt find anything related to my skill set, that wouldnt pay over $14 I decided to start my own business. I would never of thought of doing this in Canada, but here I am here, giving it a try.

I dont claim to be a CPA, Ive worked along side one for 15+ years and when I got here I took a tax course and found alot of the laws the same. So I spend my days on the IRS website reading.

I only posted this because I felt so helpless finacialy within my marriage for such a long time, and Im sure that I am not the only one here who has or is feeling like that.

And you would be surprised how many people dont know their allowable deductions. I met with a man the other day, hes been running a land scaping business for years, and had no idea he could deduct his truck expenses, to me, thats crazy, but honestly some people truly dont know. I guess in all fairness though, I could kill a cactus and to him that would seem crazy.

[MSR 6]

I guess maybe understanding me a little bit would help with the header.

I have never liked politics, I have never been allowed to vote, so I never got involved. I stay away from any and all conversations about politics, because in my opinion, Im not entitled to an opinion.

It was my husband who told me I came from a socialist country, I never knew what it was called, he was also the one who told me that the USA was a capitalistic country ... 3 years ago I didnt even know what either of these words meant.

So basicaly I was more excited that, coming from Canada, earning about $25 an hour, moving here, where I couldnt find anything related to my skill set, that wouldnt pay over $14 I decided to start my own business. I would never of thought of doing this in Canada, but here I am here, giving it a try.

I dont claim to be a CPA, Ive worked along side one for 15+ years and when I got here I took a tax course and found alot of the laws the same. So I spend my days on the IRS website reading.

I only posted this because I felt so helpless finacialy within my marriage for such a long time, and Im sure that I am not the only one here who has or is feeling like that.

And you would be surprised how many people dont know their allowable deductions. I met with a man the other day, hes been running a land scaping business for years, and had no idea he could deduct his truck expenses, to me, thats crazy, but honestly some people truly dont know. I guess in all fairness though, I could kill a cactus and to him that would seem crazy.

I think what you are doing is great and i'm following your advice and doing the same thing, starting my own dang business like I had back home.

And Canada is not as socialist as some people think (as you know). I hear that a lot here too, and I always say that while Canada has some aspects of Socialism with regards to needed services we do have free enterprise as well. I think we have a good mix of both...

Thanks again for the info you have provided.....