You want to send $500 to Haiti Relief but don't have the extra money? Do it this way. Have a garage sale, unloading tchotchkes from your attic, and advertise that 100% of the proceeds will go to the worthy cause. If you haul in $490, that sum becomes, in effect, tax free income for your day of labor.
As always, please call (949) 683-8111 or email us at info@southcountycpa.com if you have any questions. We are here to help.
thanks again sam for all your help! carlie & i are thrilled to have found you. with so many average accountants out there, i never thought i would actually find a cpa that would make my life easier... not harder. thanks for your help & advice :)
ReplyDeletegabriel.ryan.