Tax Form for the Marginally Employed

My voiceover friend Rowell Gormon just posted a link to an important tax document for the army of self-employed working out of their homes.

You must qualify of course. Do you spend at least 8 hours of daylight in your pajamas? Do your medical expenses include naps, toothbrushes, garlic dill pickles, elixirs, etc.? Do you Tweet? There’s a complex formula for that. Don’t Tweet? Sorry, you don’t qualify for that deduction. Oh and be sure to include your time wasting allowance – and your Hollywood Protection Act deduction (100% of the cost of blockbuster movies you didn’t really want to see).

http://www.nytimes.com/interactive/2010/04/13/opinion/20100413_opart.html

*Be sure to consult your tax preparer to get the latest form. This is the 2009 form, so I’m sure it has changed considerably over the past couple of years. The Obamamania deduction for¬†inauguration¬†expenses has probably been deleted – however, they may have added an […]

2017-04-20T20:45:54+00:00 July 12th, 2011|Categories: Business, Musings|Tags: , , |