Post #30201 by Tiki_Bong on Mon, Apr 14, 2003 10:52 AM

On 2003-04-13 17:44, Formikahini wrote:
I've been buying up a storm on Ebay dresses (since I can write 'em all off as "Stage Costumes" for my new exotica band - yyyYes

Formikahini,

Be careful when filing your taxes. As a CPA (no shit), I would have to advise you that you are only reducing your 'taxable' income by the amount of an item (dress), you do not get back the entire amount, but rather a percentage depending upon your tax bracket.

Also, your band may have to be your sole source of income, which may require some articles of incorporation or partnership filing.

Remember, Al Capone didn't go to prison for all the violent acts he had committed, but rather for income tax evasion.

Now back to the usual Tiki Bong Bafoonery...