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For those tax-deducting authors...
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Dina Yagodich
May 5, 1999, 3:00:00 AM5/5/99
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I had a great time at Malice over the weekend, chatting with some
favorite authors I have met before, and meeting some new ones. And to
all those authors, I wanted to alert you to the fact that the IRS is
cracking down on those deductions you take to do research. Here is a
quote from the front page of the May 5,1999 issue of the Wall Street
Journal:
favorite authors I have met before, and meeting some new ones. And to
all those authors, I wanted to alert you to the fact that the IRS is
cracking down on those deductions you take to do research. Here is a
quote from the front page of the May 5,1999 issue of the Wall Street
Journal:
"A man deducted cash payments to Nevada prostitutes as research for a
book he was writing. The IRS said no, and Tax Court Judge William M.
Fay agreed, describing the deductions as 'so personal in nature as to
preclude their deductibility'."
I wasn't aware that they gave out receipts...
Dina Yagodich
Washington, DC
Jeremiah Healy
May 7, 1999, 3:00:00 AM5/7/99
to
Dina,
They do to lawyers.
Best,
Jerry
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