by Judith Evans Thomas
I am taking a break from sorting through my 2005 tax material in preparation for a meeting with our accountant who is frothing at the mouth because we STILL haven't filed for '05.
It's not that odd, however because we do it every year. As I learned from Dr. Tory's post last week, I'm a professional procrastinator. I'm never the first to arrive at a luncheon appointment, or for that matter any appointment. I leave packing for a trip till the very last minute and then jam whatever I've laid out (always too much) into the bag and dash to the airport, where I'm usually too late for curbside checkin. Only because I have a priority status do I even make it through the security line and onto the plane. I guess I like the adrenalin rush.
But I digress from the topic which is what can a writer deduct without triggering an IRS audit. If I am anywhere near average, my writeoffs will always exceed my income...I'm waiting for the day that they don't.
There are the obvious...home office, phone, paper, stamps (all those SASEs), Kinko services (endless reproductions of those first fifty pages, and if you are lucky, entire manuscripts). The not so obvious but still good are capital expenses like a computer, printer, and camera.
I'm thinking, however, of creating a new category of expenses called MAD "Mental Aid Decuctions."
Under this category I would include:
* Chocolate Chip Cookies
* Airfare to Bora Bora
* Jewelry... especially the real kind
* Gasoline for trips to Starbucks.
* All Chocolate Moose products
* All Godiva products
* Manolo Blahnick shoes
* Jimmy Choo shoes
* Anything Chanel
* Plastic surgery
* Spa trips.. especially to Miraval
* Babysitters or Nanny's
* Fine Wine
* A wine cellar to house the fine wine
* My own personal chef.
I'm going to try this out on my accountant tomorrow and let you know how it goes. What would be your MAD items? Let's start a movement!!!! I want MAD
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