Snowplow for pickup... tax write off?

you can write off anything............until you get audited
have her plow the neighbors for $10
no where does it say you have to make a profit
it certainly wouldn't be a red flag

my cousin formed a corporation and held the annual business meeting in the grand caymons
with the only other principle in the company being the mrs

 

Are you using it in a business that you will be drawing more than $400 in profit from, annually/yearly?
If that is the case, you will need to file a Schedule C and pay taxes off your earnings (comes out to about 15%-ish on Federal, every state is different) then you get to write off your business expenses to counter off your taxes. Though these typically don't amount to a lot.

Please bear in mind, that filling a Schedule C and itemizing your taxes are two very different processes.


As Yankee mentioned, you're gonna wanna be careful with your write-offs. The IRS is not quite as vindictive as they were a decade or two ago, but that doesn't mean that the IRS audit and tax code enforcement departments are sleeping under the desks when they're at work.

 

Are you using it in a business that you will be drawing more than $400 in profit from, annually/yearly?
If that is the case, you will need to file a Schedule C and pay taxes off your earnings (comes out to about 15%-ish on Federal, every state is different) then you get to write off your business expenses to counter off your taxes. Though these typically don't amount to a lot.

Please bear in mind, that filling a Schedule C and itemizing your taxes are two very different processes.


As Yankee mentioned, you're gonna wanna be careful with your write-offs. The IRS is not quite as vindictive as they were a decade or two ago, but that doesn't mean that the IRS audit and tax code enforcement departments are sleeping under the desks when they're at work.

 

Yes that would be a write off. Im assuming the pickup is a company truck as well.

 

I could not make that purchase. Not just for the write off. If you pay for someone to plow the spot then that is totally written off. Plus $50 to $100 to plow a spot a couple times a year versus thousands of dollars for the plow?

If say to have someone else do it, they charge $100 each time. Well if they have to do it 3 times in one year it would take over 8 years to pay off a $2500 investment into a plow and that is a very cheap used one. Not a good ROI

Now if the guy just has to push forward to the end of the parking spot and does not have to get fancy and clean up a bunch of other stuff, like it only takes him 15 minutes, then I would say you could get that for under $50. If there is anything around where you park, don't be cheap, get the guy with the right insurance.

 

This all depends where you live at. Also if you buy a brand new snowplow please tell me where I can get one for 2500 bucks....
To the OP, how big of a spot is it? My guess is its at your house and is nothing bigger then a large driveway. To me with the 15 years I have snow plowed I would put the starting price at 40 bucks. Now depending on where you live is the biggest factor since in Chicago this year we have had as of yesterday 45 measurable snow falls and a little over 80 inches in total, that is why I say it depends where you live.

 

Nope not a new one....... That will take longer to recoup your money. The thing is that this spot does not have to be plowed every time it snows. Only when he is coming home. He can give a guy several days notice to have something cleared.