Author Topic: Tax Deduction  (Read 5782 times)

Offline ghostbaits

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Re: Tax Deduction
« Reply #15 on: 01/09/12 21:35 UTC »
And don't for the Dingell-Johnson Act (Wallop-Breaux Act taxes) (10%) on sporting goods. Jim from Ghost Baits and/or Ctom... can chime in on this...but I'm pretty sure you have to charge/pay this tax on finished goods for fishing (like lures, jigs, etc).

Yep, 10% on finished fishing products. Keep good records. I know this will sound weird but you can contact your local IRS office and they will actually HELP you. It can be done on your own though.

Jim

Offline Denny Welch

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Re: Tax Deduction
« Reply #16 on: 01/09/12 22:18 UTC »
Rick...I'm curious.
Until next time.

Denny

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kipbass

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Re: Tax Deduction
« Reply #17 on: 01/09/12 22:31 UTC »
I'm apologize in advance if me removing this offends anyone.  I'm sure I am over moderating.  Let's keep it on the positive side.

Thanks,

Jason
« Last Edit: 01/10/12 07:09 UTC by Jason »