| Oracle FAQ | Your Portal to the Oracle Knowledge Grid | |
 |
 | |||
| Oracle FAQ | Your Portal to the Oracle Knowledge Grid | |
|
| |||
Home -> Community -> Mailing Lists -> Oracle-L -> RE: OT -- training
I guess that we'll let the IRS sort this one out. Your friend is probably right and I was probably overly emphatic when I said that you MUST show a profit sometime. But I would rather not leave it up to the IRS to decide whether it is a business or a hobby.
"Post, Ethan"
<epost_at_kcc.co To: Multiple recipients of list ORACLE-L
m> <ORACLE-L_at_fatcity.com>
Sent by: cc:
root_at_fatcity. Subject: RE: OT -- training
com
08/14/2001
01:17 PM
Please
respond to
ORACLE-L
Actually I talked to a friend who is pretty knowlegable about this stuff
and
he says that what it will really come down to is intent. The IRS is not
going to call your business a hobby if it is in fact unquestionably a
business, even if it has lost money for a period of years. - E
>-----Original Message-----
>From: tday6_at_csc.com [mailto:tday6_at_csc.com]
>Sent: Tuesday, August 14, 2001 7:41 AM
>To: Multiple recipients of list ORACLE-L
>Subject: RE: OT -- training
>
>
>Check with your tax advisor again or get a new tax advisor. I don't
>remember the exact details but you MUST show some tax-able profit for a
>certain number of years out of every so many years (eg, 1 year
>out of the
>last 4 - I'm not sure that those are the right numbers) or the IRS will
>decide that your "business" is just a "hobby" and force you to
>go back and
>give up all your business deductions. It doesn't have to be a
>huge profit,
>but it does have to be a positive number.
>
>
>
>
> lhoska_at_calibr
>
> esys.com To: Multiple
>recipients of list ORACLE-L
> Sent by:
><ORACLE-L_at_fatcity.com>
> root_at_fatcity. cc:
>
> com Subject: RE: OT
>-- training
>
>
>
>
> 08/13/2001
>
> 06:05 PM
>
> Please
>
> respond to
>
> ORACLE-L
>
>
>
>
>
>
>
>
>
>I've heard from my tax adviser your business doesn't have to show any
>profit
>for number of years after opening. I suspect even then it is
>not required.
>What if you having hard time making profit? It doesn't mean
>you have to
>close your business...I assume in that case you can also register as a
>non-profit organization. Are tax breaks better for
>non-profits? I don't
>know..
>Also, if you don't already know.. some training companies
>(Learning Tree
>International per example) won't even register you for class
>if you're an
>individual. You have to be a corporation.
>Lyuda
>
>-----Original Message-----
>Sent: Monday, August 13, 2001 3:42 PM
>To: Multiple recipients of list ORACLE-L
>
>
>You could create a web site that features some technical
>materials and use
>it to advertise your services if you are willing to moonlight on a few
>jobs,
>just enough to turn a profit within a couple years. Then I
>would presume
>you would have no trouble writing the training off as a legitimate biz
>expense.
>
>- Ethan
>- http://www.geocities.com/epost1
>
>>-----Original Message-----
>>From: Ron Rogers [mailto:RROGERS_at_galottery.org]
>>Sent: Monday, August 13, 2001 11:42 AM
>>To: Multiple recipients of list ORACLE-L
>>Subject: Re: OT -- training
>>
>>
>>Patrice,
>> There is "resistance" to any training that I feel is
>>necessary to further my knowledge and/or enhance my
>>understanding of the Oracle processes. Even though I have
>>money in the budget for such items I have to submit a business
>>case defining the gains to the company and after completing
>>the course with a passing grade the company will reimburse me
>>the expenses for the course only. I also have to sign a waver
>>that I will pay the company back the full cost of the course
>>if I leave their employment before 365 days. Needless to say I
>>pay for everything myself and hope to write it off on taxes if
>>they ever get the bill signed into law.
>>ROR mª¿ªm
>>
>>>>> BoivinP_at_mar.dfo-mpo.gc.ca 08/13/01 11:46AM >>>
>>Just out of curiosity, how many days / weeks of real training did your
>>employer provide you with in the last couple of years?
>>
>>"real" is in quotes, I don't mean the little 1 - 3 day
>>seminars given by
>>CareerTrack and other "training" companies, or
>>management-related stuff like
>>little MBA-flavoured certificates from universities.
>>
>>Oh, and did the amount of training you received match what you
>>were told
>>during your job interview?
>>
>>Regards,
>>Patrice Boivin
>>Systems Analyst (Oracle Certified DBA)
>>
>>Systems Admin & Operations | Admin. et Exploit. des systèmes
>>Technology Services | Services technologiques
>>Informatics Branch | Direction de l'informatique
>>Maritimes Region, DFO | Région des Maritimes, MPO
>>
>>E-Mail: boivinp_at_mar.dfo-mpo.gc.ca <mailto:boivinp_at_mar.dfo-mpo.gc.ca>
>>
>>--
>>Please see the official ORACLE-L FAQ: http://www.orafaq.com
>>--
>>Author: Boivin, Patrice J
>> INET: BoivinP_at_mar.dfo-mpo.gc.ca
>>
>>Fat City Network Services -- (858) 538-5051 FAX: (858) 538-5051
>>San Diego, California -- Public Internet access / Mailing Lists
>>--------------------------------------------------------------------
>>To REMOVE yourself from this mailing list, send an E-Mail message
>>to: ListGuru_at_fatcity.com (note EXACT spelling of 'ListGuru') and in
>>the message BODY, include a line containing: UNSUB ORACLE-L
>>(or the name of mailing list you want to be removed from). You may
>>also send the HELP command for other information (like subscribing).
>>
>>--
>>Please see the official ORACLE-L FAQ: http://www.orafaq.com
>>--
>>Author: Ron Rogers
>> INET: RROGERS_at_galottery.org
>>
>>Fat City Network Services -- (858) 538-5051 FAX: (858) 538-5051
>>San Diego, California -- Public Internet access / Mailing Lists
>>--------------------------------------------------------------------
>>To REMOVE yourself from this mailing list, send an E-Mail message
>>to: ListGuru_at_fatcity.com (note EXACT spelling of 'ListGuru') and in
>>the message BODY, include a line containing: UNSUB ORACLE-L
>>(or the name of mailing list you want to be removed from). You may
>>also send the HELP command for other information (like subscribing).
>>
>
>---------------------------------------------------------------
>-------------
>
>--
>This e-mail is intended for the use of the addressee(s) only and may
>contain
>privileged, confidential, or proprietary information that is
>exempt from
>disclosure under law. If you have received this message in
>error, please
>inform us promptly by reply e-mail, then delete the e-mail and
>destroy any
>printed copy. Thank you.
>
>===============================================================
>=============
>
>==
>
>--
>Please see the official ORACLE-L FAQ: http://www.orafaq.com
>--
>Author: Post, Ethan
> INET: epost_at_kcc.com
>
>Fat City Network Services -- (858) 538-5051 FAX: (858) 538-5051
>San Diego, California -- Public Internet access / Mailing Lists
>--------------------------------------------------------------------
>To REMOVE yourself from this mailing list, send an E-Mail message
>to: ListGuru_at_fatcity.com (note EXACT spelling of 'ListGuru') and in
>the message BODY, include a line containing: UNSUB ORACLE-L
>(or the name of mailing list you want to be removed from). You may
>also send the HELP command for other information (like subscribing).
>--
>Please see the official ORACLE-L FAQ: http://www.orafaq.com
>--
>Author:
> INET: lhoska_at_calibresys.com
>
>Fat City Network Services -- (858) 538-5051 FAX: (858) 538-5051
>San Diego, California -- Public Internet access / Mailing Lists
>--------------------------------------------------------------------
>To REMOVE yourself from this mailing list, send an E-Mail message
>to: ListGuru_at_fatcity.com (note EXACT spelling of 'ListGuru') and in
>the message BODY, include a line containing: UNSUB ORACLE-L
>(or the name of mailing list you want to be removed from). You may
>also send the HELP command for other information (like subscribing).
>
>
>--
>Please see the official ORACLE-L FAQ: http://www.orafaq.com
>--
>Author:
> INET: tday6_at_csc.com
>
>Fat City Network Services -- (858) 538-5051 FAX: (858) 538-5051
>San Diego, California -- Public Internet access / Mailing Lists
>--------------------------------------------------------------------
>To REMOVE yourself from this mailing list, send an E-Mail message
>to: ListGuru_at_fatcity.com (note EXACT spelling of 'ListGuru') and in
>the message BODY, include a line containing: UNSUB ORACLE-L
>(or the name of mailing list you want to be removed from). You may
>also send the HELP command for other information (like subscribing).
>
This e-mail is intended for the use of the addressee(s) only and may contain privileged, confidential, or proprietary information that is exempt from disclosure under law. If you have received this message in error, please inform us promptly by reply e-mail, then delete the e-mail and destroy any printed copy. Thank you.
-- Please see the official ORACLE-L FAQ: http://www.orafaq.com -- Author: Post, Ethan INET: epost_at_kcc.com Fat City Network Services -- (858) 538-5051 FAX: (858) 538-5051 San Diego, California -- Public Internet access / Mailing Lists -------------------------------------------------------------------- To REMOVE yourself from this mailing list, send an E-Mail message to: ListGuru_at_fatcity.com (note EXACT spelling of 'ListGuru') and in the message BODY, include a line containing: UNSUB ORACLE-L (or the name of mailing list you want to be removed from). You may also send the HELP command for other information (like subscribing). -- Please see the official ORACLE-L FAQ: http://www.orafaq.com -- Author: INET: tday6_at_csc.com Fat City Network Services -- (858) 538-5051 FAX: (858) 538-5051 San Diego, California -- Public Internet access / Mailing Lists -------------------------------------------------------------------- To REMOVE yourself from this mailing list, send an E-Mail message to: ListGuru_at_fatcity.com (note EXACT spelling of 'ListGuru') and in the message BODY, include a line containing: UNSUB ORACLE-L (or the name of mailing list you want to be removed from). You may also send the HELP command for other information (like subscribing).Received on Tue Aug 14 2001 - 13:10:51 CDT
 |
 |