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#940958 - 09/26/04 12:12 PM IRS
alfredo Offline
Junior Member

Registered: 09/26/04
Posts: 10
Do all part time teachers declare lessons?

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#940959 - 09/26/04 12:22 PM Re: IRS
alfredo Offline
Junior Member

Registered: 09/26/04
Posts: 10
Note: "The costs of a child's music or swimming lessons are not deductible. These are nondeductible personal, living, or family expenses. For more information, refer to Publication 529, Miscellaneous Deductions."

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#940960 - 09/27/04 07:22 AM Re: IRS
mound Offline
500 Post Club Member

Registered: 08/10/04
Posts: 782
Loc: Rochester, NY
On the other hand, if you use your music for professional endeavors (recording jingles, playing in a band) I believe you can write off the cost of your lessons. Though I'm not sure that has anything to do with your post \:\)
_________________________
"You look hopefully for an idea and then you're humble when you find it and you wish your skills were better. To have even a half-baked touch of creativity is an honor."
-- Ernie Stires, composer

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#940961 - 09/29/04 03:48 PM Re: IRS
Kreisler Offline


Registered: 11/27/02
Posts: 13827
Loc: Iowa City, IA
Should they? Yes.

Do they? No.
_________________________
"If we continually try to force a child to do what he is afraid to do, he will become more timid, and will use his brains and energy, not to explore the unknown, but to find ways to avoid the pressures we put on him." (John Holt)

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#940962 - 09/29/04 05:09 PM Re: IRS
ragtimebg Offline
Full Member

Registered: 09/07/04
Posts: 180
Loc: California
the safe way to go (as a tax preparer for 20 yearsm although not currently) is to declare the income and make sure your expenses cover the income so you have a loss on business. Not really hard to do, and if you're a little liberal on the expenses, and get caught, no big deal. In the unlikely event you get caught not declaring the income it can be a very big deal indeed.
_________________________
I have a new mistress. She's black and curvy and pretty and sounds great and has great legs. I call her "Petrof".

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#940963 - 10/04/04 11:31 AM Re: IRS
alfredo Offline
Junior Member

Registered: 09/26/04
Posts: 10
Thanks

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#940964 - 10/04/04 12:19 PM Re: IRS
Bob Muir Offline
2000 Post Club Member

Registered: 11/01/03
Posts: 2653
Loc: Lakewood, WA, USA
"How do they catch it?"

If you're paid in cash, then it's virtually impossible to catch it. But if you're paid via check and you deposit the checks in your bank account, then it can be caught in a routine audit.

"declare the income and make sure your expenses cover the income so you have a loss on business."

This works for the first couple of years. But if you don't have even a small profit (I believe it's three out of five years), then the business is declared a hobby and all deductions are disallowed.

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#940965 - 10/05/04 02:30 PM Re: IRS
mound Offline
500 Post Club Member

Registered: 08/10/04
Posts: 782
Loc: Rochester, NY
 Quote:
This works for the first couple of years. But if you don't have even a small profit (I believe it's three out of five years), then the business is declared a hobby and all deductions are disallowed.
I did this for a while with a consulting business.. Don't plan to schedule it this year at all because of that. Do I have to "officially unschedule" a previous few years Schedule C? or can I just not include it in my tax return?
_________________________
"You look hopefully for an idea and then you're humble when you find it and you wish your skills were better. To have even a half-baked touch of creativity is an honor."
-- Ernie Stires, composer

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