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December 29th, 2005, 19:59
| #1 |
| Newbie Join Date: Dec 2005
Posts: 4
|  tax write off??? Im not sure if this is the place to ask this but at some point in our training there has to be a time when we can write some of this stuff off on our taxes (flight training, books, checkrides, ect.). Is there anyone here who may know more about this type of thing, any money i can save will be great. |
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December 29th, 2005, 22:00
| #2 |
| Old Skool  Join Date: Dec 2003 Location: KMSL
Posts: 1,842
   | No.. you can't write any of it off.. After you become an instructor, you can write off some of it.. 
__________________ I flew the 757-200 sim at NATCO DANGIT...ON ONE ENGINE OUT OF EAGLE COLORADO AND THEN CIRCUMNAVIGATED A THUNDERSTORM!!! And what do these PAX do?! Glare at me.. |
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December 29th, 2005, 23:27
| #3 |
| Newbie Join Date: Dec 2005
Posts: 4
| what do you mean by some of it... |
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January 3rd, 2006, 16:42
| #4 |
| Old Skool  Join Date: Oct 2002 Location: lower canada
Posts: 1,612
| As an instructor write off everything.....EVERYTHING! You get 1099'd. The IRS doesnt ahve the manpower or time to go after someone who made 12K last year.
__________________ According to a report by Goldman Sachs economists, "the most important contributor to higher profit margins over the past five years has been a decline in labor's share of national income." |
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January 4th, 2006, 14:38
| #5 |
| Junior Member Join Date: Mar 2005 Location: TX
Posts: 45
| I believe that if you are using any portion of the program or supplies for a degree (ex: UVSC or ERAU extended campus) then you can write the program cost off as educational expense. But then again, I'm no tax man. I just hand him a disorganized pile of crap and tell him I really don't want to pay anything.
__________________ CFI/CFII/MEI |
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