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Old 12-28-2011, 09:25 PM  
CHENZ A! CHENZ A! is offline
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Income Tax Question
Basically I'm trying to figure out how to get Rosetta Stone language teaching program for free(legitimately) by claiming it as a business expense.

Learning this new language would be extremely helpful with the line of work that I'm in, but not essential.

Is this very easy to do? Anyone familiar with how that process works?
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Old 12-28-2011, 09:27 PM   #2
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Old 12-28-2011, 09:27 PM   #3
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What would getting it free have to do with income taxes?
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Old 12-28-2011, 09:29 PM   #4
CHENZ A! CHENZ A! is offline
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For some reason I thought that you'd claim it as a deductible at the end of the year or something. I'm quite ignorant when it comes to this subject.
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Old 12-28-2011, 09:29 PM   #5
DaKCMan AP DaKCMan AP is offline
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If you itemize you can claim it as an Educational Expense . Attached is info I gathered a couple of years ago when researching how to claim my MBA expenses.
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File Type: doc tax_deduction_info.doc (28.0 KB, 83 views)
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Old 12-28-2011, 09:31 PM   #6
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Quote:
Originally Posted by CHENZ A! View Post
For some reason I thought that you'd claim it as a deductible at the end of the year or something. I'm quite ignorant when it comes to this subject.
If you pay for it, and it's a legit business expense, you can deduct what you paid from your annual earnings. (If you earned $30,000 and paid $100 for it, you would pay tax on $29,900 worth of income.) That's different than getting it for free. You just wouldn't pay income tax on the money you spent on the business expense.
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Old 12-28-2011, 09:31 PM   #7
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you would think you could write it of as a tool.
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Old 12-28-2011, 09:33 PM   #8
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You are still awesome. Thanks for the tip man.
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Old 12-28-2011, 09:33 PM   #9
Saul Good Saul Good is offline
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It's important to understand that "writing it off" is not the same as getting it free.
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Old 12-28-2011, 09:34 PM   #10
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Quote:
Originally Posted by Saul Good View Post
If you pay for it, and it's a legit business expense, you can deduct what you paid from your annual earnings. (If you earned $30,000 and paid $100 for it, you would pay tax on $29,900 worth of income.) That's different than getting it for free. You just wouldn't pay income tax on the money you spent on the business expense.
I see. Thank you.
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Old 12-28-2011, 09:38 PM   #11
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I've just seen prices ranging up to like $500 for all levels. I know I can maybe find them used, just wanted to explore my options.
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CHENZ A! 's adopt a chief was Sabby PiscitelliCHENZ A! 's adopt a chief was Sabby PiscitelliCHENZ A! 's adopt a chief was Sabby PiscitelliCHENZ A! 's adopt a chief was Sabby PiscitelliCHENZ A! 's adopt a chief was Sabby PiscitelliCHENZ A! 's adopt a chief was Sabby PiscitelliCHENZ A! 's adopt a chief was Sabby PiscitelliCHENZ A! 's adopt a chief was Sabby PiscitelliCHENZ A! 's adopt a chief was Sabby PiscitelliCHENZ A! 's adopt a chief was Sabby PiscitelliCHENZ A! 's adopt a chief was Sabby Piscitelli
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Old 12-28-2011, 09:40 PM   #12
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Quote:
Originally Posted by Saul Good View Post
It's important to understand that "writing it off" is not the same as getting it free.
Yeah like Waaaaaaaay different...as in not even worth it if you don't itemize to begin with.
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Old 12-28-2011, 09:42 PM   #13
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Yeah like Waaaaaaaay different...as in not even worth it if you don't itemize to begin with.
which I do not.
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Old 12-28-2011, 09:42 PM   #14
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which I do not.
/thread
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Old 12-28-2011, 09:43 PM   #15
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/thread
Lock this bitch up!
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