Am I to assume, with the last hurrah for this generation of tech suits, that Nationals will be huge, and therefore no 6th event?
Is it even worth it to enter 6?
Disclaimer: I am not a tax professional - you should consult a tax professional or the IRS for official information.
I don't think time can be deducted as a donation. At least not in this situation. What is the "fair market value" of your time as an official? I could decide that my time is worth $1000/hour, and deduct it?
From IRS publication 526:
www.irs.gov/.../ar02.html
You cannot deduct the value of your time or service. I believe there may be certain special exceptions to this... but I don't think any of them would cover for officiating.
-Rick
Disclaimer: I am not a tax professional - you should consult a tax professional or the IRS for official information.
I don't think time can be deducted as a donation. At least not in this situation. What is the "fair market value" of your time as an official? I could decide that my time is worth $1000/hour, and deduct it?
From IRS publication 526:
www.irs.gov/.../ar02.html
You cannot deduct the value of your time or service. I believe there may be certain special exceptions to this... but I don't think any of them would cover for officiating.
-Rick
