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To: expat_panama

Add me, please and thank you. Freeangel


4 posted on 10/12/2014 4:01:45 AM PDT by freeangel ( (free speech is only good until someone else doesn't like it)
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To: All
An alert freeper pinged about reason # 2 ("consider donations when they itemize in Schedule B") and how the freerepublic home page says "Donations to Free Republic are NOT tax deductible."  What I got is the Freerepublic is not incorporated under section 501(c)3 so donations are not charitable.  

So the same applies for money given to Investors Business Daily, yet for years now I've entered my IBD subscription cost (which pays for the IBD chat investment forum) into my tax program.  This should now be perfectly clear to anyone who does not understand it because it's confusing.  Tax law is so convoluted that one tax court can say that a particular way of filing federal taxes is just fine, and some other court can call for stiff penalties for the same action --so we're talking probabilities.  

fwiw, if I were to bet money (preferably someone else's money) I'd say that anyone here listing the FR expense wouldn't see any difference in the final tax bill anyway.

5 posted on 10/12/2014 7:07:22 AM PDT by expat_panama
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