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What's the craziest thing you've done for love of Egypt?
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[QUOTE]Originally posted by AnotherNewMember: [QB] [QUOTE]Originally posted by Penny: [b] I am getting worried because I am keeping up with her thanks to an hour with Maslow's hierarchy of needs and I do know a bit about finance. Hey you Americans how the heck do you get tax write offs for personal debt/travel costs over there. Absolutely not allowed in the UK. Don't give up on us Katrina you are quite unique!! <IMG SRC="http://www.egyptsearch.com/forums/smile.gif"> Oh and I will write what I think about Maslow soon as it is relevant to a lot of things that come up here. Penny[/b][/QUOTE] Penny, America is a creative country when it comes to benefits for 'business owners' as opposed to immigrants that moved to the country to study and comment on things they have no idea about. For example, you can take a friend to lunch, talk about a lunch, mention a few things about 'your business' and VOILA!, tax write-off IRS Schedule C, Part 2, line 24b. Another example is to take trips to places like Egypt, run up your credit cards, if you conduct or discuss any business while there otherwise enjoying yourself <IMG SRC="http://www.egyptsearch.com/forums/wink.gif">, VOILA! tax write-off IRS Schedule C, Part 2, line 24c And yes this is done on US [b]INDIVIDUAL[/b] TAX RETURNS 1040 line 12 schedule C. You see in the US Penny, an [b]individual[/b]propietor doesn't have to form a corporation to benefit from tax write-offs. Of course big corporations even BANK THEMSELVES also benefit from writing off ad debt. This is America, this is one of the many things its built on. There are those that 'know the system' and advantage from it, and there are those that are those that read 'theories' from Maslow that has absolutely no relevance whatsover to day to day business transactions. Yet one more reason to hire a CPA as opposed to a theoretical ES poster, who involves too much time in theory rather than practicality. [/QB][/QUOTE]
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