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View Poll Results: 1
I never lose (EM2 click here) 10 6.41%
<5 11 7.05%
6-10 47 30.13%
11-15 41 26.28%
16-20 26 16.67%
21-25 8 5.13%
26-30 4 2.56%
31-40 4 2.56%
40+ 5 3.21%
Voters: 156. You may not vote on this poll

 
 
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  #11  
Old 11-19-2007, 06:08 PM
KRANTZ KRANTZ is offline
Senior Member
 
Join Date: Sep 2005
Location: the 1980s
Posts: 4,999
Default Re: Best MSNL Coaches

[ QUOTE ]
My CPA told me that I would need to give my coaches a 1099 tax form if I wanted to write my coaching expenses off*. Otherwise I cannot.

*Downside of this is that the coach would have to pay taxes on the coaching fees.

[/ QUOTE ]

coaches have to pay taxes on money earned from coaching, and yes, you can write off any expense related to poker coaching if you are filing as a pro, just like you can write off your cardrunners membership.

also, i'm 95% sure that you're in no way responsible for giving your coach a 1099 form. they handle their own reporting of their coaching and you just note to your accountant your coaching fees as part of your expenses.
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