Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site whuxle.UUCP Path: utzoo!watmath!clyde!floyd!whuxle!jug From: jug@whuxle.UUCP (Joseph U. Grauman) Newsgroups: net.taxes Subject: Re: They wont allow this one either Message-ID: <278@whuxle.UUCP> Date: Thu, 8-Mar-84 15:02:52 EST Article-I.D.: whuxle.278 Posted: Thu Mar 8 15:02:52 1984 Date-Received: Fri, 9-Mar-84 02:39:44 EST Organization: Bell Labs, Whippany Lines: 29 What a neat idea! You're right about being able to deduct the cost of technical journals (and, if you collect them, don't forget the investment tax credit!). As far as the expenses you incur in reading the material in the technical newsgroups are concerned, it sounds like that could be a legitimate professional expense (I'm not a tax accountant - this is just my interpretation of what I read in the In[f]ernal {:-)} Revenue Service publications), provided that you keep the following items in mind: 1. Whether any particular item is an acceptable deduction depends on whether you use it in your professionsl capacity 2. You should be prepared to establish a clear business purpose in the event that you get audited 3. You should keep a log of your 'business' vs. 'pleasure' use of accessing the net in order to be able to establish a percentage that applies to professional use (which is what you would deduct) 4. You can only claim deductions for such things that are not reim- bursable by your employer (i.e., if an item is reimbursable by your employer but you didn't ask for reimbursement - forget it!) It would be interesting to hear what others, perhaps more knowledgeable than I am, have to say about this subject. Joe Grauman ATT-BL whuxg!jug