I need to purchase just about 20k in equipment before year's end! Of course my RED came to mind...
A remote possibilty?
Probably not, but needed to ask!
Youd be better to ask Kelly that question, im pretty sure its a no, for the reverse of the reason you are wanting to.
Pay your friend for it. Get a receipt. Give your friend a hundred bucks for his time. Your friend pays for RED ONE when it ships.
I guess you would have to pay him in cash so he doesn't get hit with the tax. Or you could choose a friend that had a bad business loss this year? I feel dirty. Bye bye.
heh heh heh.. and then when your friend doesnt report the "income" on his taxes that you link too with the reciept and the IRS comes knocking, he kicks your ass.
you beat me to my edit, Jarred.
You beat me to my edit edit, Jim.
I need to go to bed.
My CPA told me that unless you were getting VALUE from your purchase, you were skating on very thin ice using it as a deduction. Heck, the IRS isn't even that keen on large equipment purchases on the last moments of the year... if ever audited, they will show great interest in your Dec 29 $20,000.00 shopping spree...
nice wish. next year hopefully.
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