Originally Posted by
mumu
You're most welcome sir/madam. You seem to have a grasp of what would appear obvious either through experience or education or both. The time value of money and the concept of discounted cash flows is a must-know in the financial world. Barring that, common sense and simple math would reveal the pitfalls of shelling out that kind of money.
Can you imagine a single line item expense on an income statement showing an overhead fixed cost called "crashpad?"
Jesuschrist, is that the only deduction you people may have?. This is my third year deducting my crashpad this time around, amongst other items. I have done this before these last 3 years. The point being, you HAVE to do it if you stay in the job, and having it as a deduction it's better than nothing. My salary is just like any second/third year peon (F/O). Having to pay for a crashpad only augments my tax deductions, which btw, it is not a fixed cost called "crashpad"....it is work related expense. Those are calculated at a higher return/deduction percentage rate in your 1040A itemized forms. Anyhow, if you are single or filling standard deduction (NOT ITEMIZING), this is not for you. I'm sure those guys with a mortgage payment, kids, etc. know what I'm talking about. (So you know, this business is so good for deductions related to job expenses for the nature of it, traveling, that pretty much anything you pay for after you leave your home for the purpose of going to work, is deductible).
And btw, my accountant's main job (or any other accountant for that matter) is to know and apply IRS laws when doing a person's taxes. It is in their best interest, for auditing purposes.
All I can say is this, inform yourselves. On a normal year (when I'm flying as a job, plus my wive's salary), I have yet to get anything than a nice return back from my taxes.