The Motley Fool Discussion Boards
Retirement Discussions / FIRE Wannabees
|Subject: Re: I am such a Wannabee!||Date: 2/27/2004 2:59 AM|
|Author: SeattlePioneer||Number: 2016 of 4981|
<<The cost of goods sold is an expense charged off against your business income for the year. Unsold inventory is not an expense you get to charge off.
I continue to suggest that those who claim that unsold inventory can be used as an expense are mistaken.
Oh, and unless you are planning on coming over here and helping out for free, get out of my business already. Stop being so anal about something that has nothing to do with you.>>
You really need a much better idea of how your taxes are being figured. If they are done wrong, you will discover what anal is when you spend a lot of time chatting with the IRS.
|Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|