Just form your own racing team and make it incorporated and write the car
and all your expenses!
Mark R. Jahnke
mjahnke@shrike.depaul.edu
http://www.geocities.com/MotorCity/Downs/2997/
ICQ: 30406993
Integra TYPE R #1098 Supercharged
TU #923
On Fri, 6 Aug 1999, Mike Bultemeier wrote:
> That according to my accountant is not a wise idea. Pay yourself a salary
> pay the taxes and spend the money on AutoX or whatever you want. You will
> have a hard time trying to convience the IRS that this is a form of
>advertising
> and is somehow business related. I'm sure somebody out there in Team.Net land
> is gonna say I'm paranoid and its perfectly fine. If you have ever had your
> business
> audited you will know what I meen. I have went through two, one state and one
> federal. Its not a pretty sight, believe me!!!!!!!!!!!!!!!!!
>
> Mike B. TLS#1
>
> cjkennedy@dstsystems.com wrote:
>
> > Hi -
> >
> > I run a small software business on the side, and I'd like to sponsor my
> > autocrossing with some of the money from the company. Can someone point me
>to
> > some resources or references about this? Personal experiences and advice
>are
> > definitely welcomed.
> >
> > Thanks,
> > Chris
>
>
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