4 ms·

Thanks for the link, I've been thinking a lot about this lately. Like: - Why can Trump write off a $70k haircut but I can't write off a $35 haircut? - Why can

Thanks for the link, I've been thinking a lot about this lately. Like: - Why can Trump write off a $70k haircut but I can't write off a $35 haircut? - Why can my employer buy my laptop, and I can use it in my off time for video games but if I buy a laptop, even to help with say an LLC I might own, I can only write off the 'portion' used for work? - Why can my employer buy us lunch but if I work on my own I can't write off a meal except under specific circumstances? At what point is a corporation able to do the above? Can other normal citizens also do it or is the system kinda rigged against us (even if unintentionally)?

chromaton 5y ago
>- Why can Trump write off a $70k haircut but I can't write off a $35 haircut? Probably claims it as a necessary expense for being on TV. >Why can my employer buy my laptop, and I can use it in my off time for video games but if I buy a laptop, even to help with say an LLC I might own, I can only write off the 'portion' used for work? Stuff provided to employees for personal use is supposed to be taxed as a benefit. It's just likely that this hasn't been investigated by the IRS. > - Why can my employer buy us lunch but if I work on my own I can't write off a meal except under specific circumstances? That one's a can of worms and I know the rules have changed a number of times on this. You might consider inviting potential client to lunch. Then he or she might invite you next time as a potential vendor to lunch. Similarly: company retreats, teambuilding exercises, and gifts to clients. Consult your tax professional.