Re: RC: Speaking of sponsors

["Lisa LeChatton" <llechatton@hotmail.com>]

She could not claim it (your CTR) as a personal deduction. However, if she 
owns her own business, she could claim it as a marketing/advertising 
expense.
Write her a promo agreement that says you will ride with her logo and her 
business will pay all the expenses submitted. Store the receipts with the 
agreement for business tax purposes.

Don't know how that would work out with AERC or your other memberships. Make 
sure there are no penalties for "professional riders" as accepting a fee 
like that probably takes you out of any amateur competitions.

Lisa
______________________
...you will not be his Master but his Possessor, Caretaker and Friend, and 
he will possess your heart.
[Carl R. Raswan from the Bedu Legend of Ishmael and Gabriel]
_______________________



----Original Message Follows----
From: Lisa M Pardus <bludoglady@juno.com>
To: ridecamp@endurance.net
Subject: RC:  Speaking of sponsors
Date: Tue, 21 Aug 2001 16:11:53 -0400

If my mom bought and paid for all of my CTR stuff (I am an adult, 34, but
mom wants to do something for me.) Could she claim all that horsey stuff
off on her taxes as sponsoring me? Thanks!
In His Hands,
Lisa P.
www.outbackacres.com
The Aussies:Possum, Boomer, Dusty, and Barley
Chat room ICQ #111639534


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