Writing off 100% sure is and try to explain you are such a poor closer you need to meet everyday with the same client.

Isn't that called "keeping two sets of books"?

Yep in an Audit, most of these will get DENIED!

The difference in income taxes between the US and Canada isn't that large - in Canada federal and state/provincial taxes are blended together, Americans pay federal and state income taxes seperately.

Canadian with an income of $300,000 a year pays 39% average tax rate.

An American with an income of $300,000 a year pays 26% average federal tax rate, then another 10%(California) in state income tax, so in total 36% - not much less than a Canadian.

Where Canadians get screwed is the federal sales tax on just about everything they pay for.

As for US states like Florida and Texas without state income taxes, check out the property taxes in those states - there is no magic money tree for those states, what they don't get in state income taxes they get from elsewhere.

The US is becoming Canada Junior - which is sad, but inevitable. Once a country takes steps toward socialism there's no turning back.

You better hope you are never audited, your ass hole will be so sore you won't be able to sit down for months. :2 cents:

Taxes, Shit, theres tax payment for the taxes....lOL... Bull Shit....

So your saying that taking potential clients out for meals and entertaining them isn't a valid write off?

If the IRS comes to me and says "Why did you write off movie tickets and popcorn". My reply would be "I had a business meeting / dinner with Solo Babe Cash and Dating Gold (Dinner was bought by Dating Gold, which was surely written off also) and after that we went to the movies. It was a business expense". I did in fact go to the movies with Belinda and Mark from Solo Babe Cash (whom I do business with on multiple levels) and also with Dating Gold (whom I also do business with).

You don't think CCBill writes off their party bus and it's driver as a "business expense"?

What I'm saying is your personal examples are illegal deductions. I'm not going to argue taxes with you if you think deducting 100% of breakfast everyday with your girlfriend is legal just because you "talked" business.

51% tax rate :(

The US is in debt because the taxes are too low, spending too high and US citizens are like the ones in Greece. They want all the Government provides, but don't want to pay for it.

what ever spin you put on it, this is the truth.

If the US Government spent just the tax dollars raised. The country would slide into chaos, riots and bankruptcy.

What don't you understand?

http://www.usadebtclock.com/

Rochard, you need to speak to your CPA. I think you have some bad advice.

You can deduct those items, but you can't do it on daily or weekly basis. ESP. with the same clients.