Write off on taxes used tools?

[32vld]

Originally Posted by OakNut

I did this for a piece of equipment I paid $400 for. I never thought to ask for a receipt and when the tax lady was asking about purchases, I mentioned it and the fact that I didn't have a receipt - I mentioned the CL ad printout I had and she said it wasn't ideal, but should suffice if anyone questioned it.

Tax lady?

Was that the lady doing you income taxes?

Or the bee-itch from the IRS or state dept of taxes looking to nail your wallet to the wall?

If the gov. is thinking you have grossly under reported income for years they are not going to accept an ad because that ad does not prove you bought that mower. There out for blood, the green kind.

[norsky]

Originally Posted by jsslawncare

Tax advice given on LS. I just love it! We should have all been accountants.

you're exactly right on that.