jetcareers - View Single Post - For ATP Instructors -A Tax Question

AirArney · February 16th, 2005, 10:47

My 2 cents,

Buy some small notebooks and log in expenditures, especially dry cleaning (hey, CFI's have to look presentable to students, right!), professional expenses, and meals (although the feds won't give you business meals unless you are 50 miles from home). The IRS will let you log up to 500.00 in each catagory of these small expenditures without receipts. Also pay attention to your cell phone bill. Even though the feds won't let you deduct a cell phone, there is a blanket deduction for "Pay Phones." Figure out how much of your cell time is for "Business."

Just check with your tax professional.

February 16th, 2005, 10:47	#7
AirArney Newbie Join Date: Dec 2004 Location: NOLA Posts: 29	Re: For ATP Instructors -A Tax Question My 2 cents, Buy some small notebooks and log in expenditures, especially dry cleaning (hey, CFI's have to look presentable to students, right!), professional expenses, and meals (although the feds won't give you business meals unless you are 50 miles from home). The IRS will let you log up to 500.00 in each catagory of these small expenditures without receipts. Also pay attention to your cell phone bill. Even though the feds won't let you deduct a cell phone, there is a blanket deduction for "Pay Phones." Figure out how much of your cell time is for "Business." Just check with your tax professional.