Tax Bussiness Question - GoFuckYourself.com

boneprone · 03-21-2001, 06:38 PM

Hey, Im doing my taxes now, and have a question about write-ofs..

Say for instance I am writing of telephone bills for the office. I have a telephone bill
that is for December usage. but as you know we get the bill for things like this the following month, in this case I recived my phone bill for December use, on January 5th. So I pay the bill January 5th 2001.. So is this a write off for January 2001, since this is when I pay the bill and this is the invoice date is? Or is it used for a 2000 write off since the usage is itemized for the phone calls and bill for December 2000?

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Gemini · 03-21-2001, 07:35 PM

I believe its for 2000 since that is when the services were used. We always do it that way (well the acct does)

MrBrian · 03-21-2001, 11:27 PM

you dont go by the bill, but buy the payment

if you wrote the check in jan 2001 then its 2001...if you wrote the check in jan 2001 and put a december 2000 date on the check then its a 2000 issue for your taxes

at least this is what i have been told by my accountant...

Rip · 03-21-2001, 11:52 PM

If you want to over lap expenses in the future, Write the cheque in December, put it in an envelope and don't mail it until January

Mikey · 03-22-2001, 01:11 AM

Should have dated the check Dec. 31.

03-21-2001, 06:38 PM	#1
boneprone Hall Of Fame Industry Role: Join Date: Jan 2001 Location: Portland Oregon USA Posts: 34,415	Tax Bussiness Question Hey, Im doing my taxes now, and have a question about write-ofs.. Say for instance I am writing of telephone bills for the office. I have a telephone bill that is for December usage. but as you know we get the bill for things like this the following month, in this case I recived my phone bill for December use, on January 5th. So I pay the bill January 5th 2001.. So is this a write off for January 2001, since this is when I pay the bill and this is the invoice date is? Or is it used for a 2000 write off since the usage is itemized for the phone calls and bill for December 2000? ------------------ Webmaster/Owner www.boneprone.com icq: 66883099

03-21-2001, 07:35 PM	#2
Gemini Confirmed User Join Date: Jan 2001 Location: o-HI-o Posts: 7,183	I believe its for 2000 since that is when the services were used. We always do it that way (well the acct does)

03-21-2001, 11:27 PM	#3
MrBrian Confirmed User Join Date: Mar 2001 Posts: 1,215	you dont go by the bill, but buy the payment if you wrote the check in jan 2001 then its 2001...if you wrote the check in jan 2001 and put a december 2000 date on the check then its a 2000 issue for your taxes at least this is what i have been told by my accountant...

03-21-2001, 11:52 PM	#4
Rip Confirmed User Join Date: Jan 2001 Location: somewheres wet Posts: 1,456	If you want to over lap expenses in the future, Write the cheque in December, put it in an envelope and don't mail it until January

03-22-2001, 01:11 AM	#5
Mikey Confirmed User Join Date: Jan 2001 Posts: 665	Should have dated the check Dec. 31.