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#1
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In light of the White house screwing us over on privatization and user
fees, I would like to explore options to deduct flying costs on taxes. Suppose a GA pilot tows a banner that promotes the cause of some non-profit org. Would the costs of that flight be a tax deductible charitable donation? Another option: contractors working temporary duty far from home and not getting per diem can deduct travel costs for flying to their residence to the extent of the per diem rate in their temporary duty location. Anyone have other suggestions for getting tax deductions? |
#2
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On Sat, 02 Jun 2007 21:54:55 GMT, Anonymous Coward
wrote: Suppose a GA pilot tows a banner that promotes the cause of some non-profit org. Would the costs of that flight be a tax deductible charitable donation? Do you have a good CPA? Ask him or her. |
#3
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![]() "Anonymous Coward" wrote in message news:PGl8i.354$Vf7.138@trnddc03... Anyone have other suggestions for getting tax deductions? Along the same line, there is a fellow who spends hours high over south Florida beating the heat and skywriting religious messages. Since you bring it up, I wonder if he can write off his expenses. Vaughn |
#4
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![]() Suppose a GA pilot tows a banner that promotes the cause of some non-profit org. Would the costs of that flight be a tax deductible charitable donation? You do know that it takes an FAA waiver to tow banners? In general the FAA doesn't give a rats ass what you deduct on your taxes. There were some rumblings to the contrary from time to time but they usually get promptly squashed. You need to follow the IRS rules for non-monetary donations. Another option: contractors working temporary duty far from home and not getting per diem can deduct travel costs for flying to their residence to the extent of the per diem rate in their temporary duty location. Certainly. And it actually works well if you are an independant contractor and can take those off the top on your sched c. keep good contemporaneous records. |
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