[Jewelry making - Article 00281] - Re: [Orchid] Starting small home jewelry repair business

[Jewelryartschool]

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    I've been deducting ALL expenses involved in teaching for 7 years.
    We've been audited twice recently - and these expenses were never
    questioned... nor were any of the several studios, gallery, or
    writing expenses. 

    One red flag was a precription for hydrotherapy. I purchased a
    specially modified Jacuzzi for this. The agent was trying to find a
    way to disallow this. Obviously she didn't have a clue with whom she
    was dealing:) 

    I have had 27 fractured bones, 14 major surgeries, and the
    prescription itself was from the head of the Otolaryngology Dept. at
    University of Davis. Sadly, she gave up the point before I could
    stack three feet of medical records on her desk! I was really looking
    forward to that... 

    The other red flag was raised about a large payment made to me in
    cash for real estate I sold. Perfectly legal to accept cash, and pay
    the taxes -- which I did. What really bothered them -- was the fact
    that I had 27 years worth of receipts for everything I ever did to
    the property! All legal deductions. 

B.

 
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