I checked with my tax accountant, and he said I wouldn't be able to write off the iPads as a charitable donation. Blame Justin for not making the OC a non-profit 501c3 organization. Sorry for the inconvenience. Go Bucks! #championshipvball10set;950691 wrote:I'm still waiting for my ipad
no problemo..as you suggested, I'll just blame Justinsleeper;950697 wrote:I checked with my tax accountant, and he said I wouldn't be able to write off the iPads as a charitable donation. Blame Justin for not making the OC a non-profit 501c3 organization. Sorry for the inconvenience. Go Bucks! #championship
this guy, lolsleeper;950697 wrote:I checked with my tax accountant, and he said I wouldn't be able to write off the iPads as a charitable donation. Blame Justin for not making the OC a non-profit 501c3 organization. Sorry for the inconvenience. Go Bucks! #championship
Is it a donation or a gambling loss? You can deduct gambling losses up to the amount you have won.sleeper;950697 wrote:I checked with my tax accountant, and he said I wouldn't be able to write off the iPads as a charitable donation. Blame Justin for not making the OC a non-profit 501c3 organization. Sorry for the inconvenience. Go Bucks! #championship
like_that;950734 wrote:What's the story on the iPad?
sleeperlike_that;950734 wrote:What's the story on the iPad?
[INDENT]If Ohio State wins, I'll buy every Buckeye fan on here a 16gb iPad2. Free shipping.
Book it. [/INDENT]
I asked him about that and he said because there was no official declaration of a "bet" as there was no "other side" the only way I could write them off is if the OC was a charity. Next time, I'll consult my tax accountant before making any free iPad offers.Con_Alma;950720 wrote:Is it a donation or a gambling loss? You can deduct gambling losses up to the amount you have won.
Was the offer contingent on the tax benefit? Was that made know a the time of the offer?sleeper;950791 wrote:I asked him about that and he said because there was no official declaration of a "bet" as there was no "other side" the only way I could write them off is if the OC was a charity. Next time, I'll consult my tax accountant before making any free iPad offers.
Yes on both accounts.Con_Alma;950797 wrote:Was the offer contingent on the tax benefit? Was that made know a the time of the offer?
That's what I meant by 16gb. 16Gb, of course if you studied law at a top 5 school, referring to the line in contract law stating "In the event of free iPads being offered on an anonymous internet forum, of any size, quality, or color, herein, be given only if said organization is a charity thus such tax benefit could be written off".Con_Alma;950809 wrote:It does not appear to have been made in the same manner the offer was communicated.
Hmmm.
sleeper;950880 wrote:Pretty dumb to maintain multiple attorneys. I have one that I can barely afford, can't imagine paying for two or more.
You went to OSU. Aren't you bathing in money?sleeper;950880 wrote:Pretty dumb to maintain multiple attorneys. I have one that I can barely afford, can't imagine paying for two or more.
