Write Review
2,073,371 Total Reviews 3,896 New Reviews
8,620 Users Online

TER General Board

Please stop alreadyangry_smile
Dr Who revived 185 reads
posted

I am a Certified Public Accountant (CPA)....and your moronic posts regarding charitable foundations and now hobby expenses/income are simply WRONG.

Feel free to send me your 501(c)3 FEIN and Name as I'd be quite interested in seeing what your previously filed Forms 990 look like.

At a minimum you are seeking bank fraud, wire fraud, tax fraud and evasion.  

It's bad enough that some gals might actually have believed your insane ramblings.  But to bloviate about topics you clearly have NO understanding or practical knowledge on, is simply dangerous.

If you'd like I can ask some of my friends at IRS to independently review your 501(c)3 status.  I'm sure that would be entertaining.  My inbox awaits your determination letter and FEIN.

@JLS...the rules on what constitutes a "hobby" are quite clear.  None of this type of activity remotely qualifies as a hobby, to either the gals or the guys.  The gals who file returns will use Schedule C, but do so as a matter of reporting their income/s as prescribed.  Schedule C is also the Form used when a gal has created an LLC.
Posted By: Pavliena
Is it a Business or a Hobby?  
   
 Is Your Hobby a For-Profit Endeavor?  
   
 IRS classification of hobby..  can be interesting with regard to this particular hobby .  
   
   
   
 

My_New_Alias1932 reads

So I'm pulling together my financial records to send to my accountant so he can prepare my tax return, and it just occurred to me that even though I made thousands of dollars in donations to dozens of providers last year, I didn't receive a tax receipt from a single one.  How am I going to take a deduction for them now?

ReplyQuoteReport
2236707486 reads

to any items that you donate? That can get pretty high for some.

ReplyQuoteReport
sailor66348 reads

donations to individuals aren't deductible.

ReplyQuoteReport
Pavliena274 reads

ReplyQuoteReport
sailor66251 reads

no goods or services can be received by the donor.

-- Modified on 4/1/2016 3:38:14 PM

ReplyQuoteReport
Kitty76225 reads

Then Can a "PROVIDER" write it off as a tax Deduction?!!! LMFAO!!!!

ReplyQuoteReport
sophiafun277 reads

You go to a provider and ask for tax receipt. I am sure all of them will be happy to help you with this and you'll make lots of appointments. xo

ReplyQuoteReport
Kitty76205 reads

LMFAO I doubt that will happen. The providers will lagh at the hobbyist. I would!! And I'd tell him to get his head checked.

ReplyQuoteReport
LasVegan245 reads

your cat?  Of course you know, you can claim him as a dependent as well!

ReplyQuoteReport
My_New_Alias275 reads

I even have a 529 plan for him.

ReplyQuoteReport
Pavliena173 reads

http://io9.gizmodo.com/5743428/how-a-cat-named-zoe-earned-several-advanced-degrees-and-became-a-psychotherapist

-- Modified on 4/1/2016 12:11:37 PM

ReplyQuoteReport
ThePeopleRule322 reads

and would always wonder, "What did they do with my donation?"

I no longer have to wonder where my donation goes because now I contribute to the many "Women Who Get Naked" charities.

In return, I receive much more than a piece of paper indicating the fact that I have "donated".

ReplyQuoteReport
mrfisher332 reads

ReplyQuoteReport
mrfisher198 reads

I'm allowed to take the oil depletion allowance

ReplyQuoteReport
scb19190 reads

anything under about $13k total per person they won't be taxed on.

ReplyQuoteReport
Post Reply Back To Forum
Register Now!