20 Copies?

“One taxpayer decided to write off the entire cost of his $50,000, multi-year globetrotting extravaganza, which included trips to Italy, France and Greece. And it worked, all because he wrote a book about his travels.

His tax preparer Jerry Lewin, managing director of accounting firm CBIZ MHM, said that because the book was actually published — even if it was by an obscure, low-budget publishing house — and because he made a small profit from it — only 20 books were sold — it counted as a business expense.”

From Yahoo! Finance

About icefogger

Just a basic, down to Earth, laid back type of guy here, who loves the outdoors, the indoors, jazz on the turntable, a fire in the woodstove, the northern lights blazing across the sky, and the company of good friends. View all posts by icefogger

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: