December 10th, 2015

TAX TIP OF THE DAY... firearms carried for protection.
Work deductions must be ordinary and necessary BASED UPON THE CIRCUMSTANCES. You MAY or MAY NOT be able to pass this test based upon inherent dangers of your job duties, job location, late night hours or if you work mostly alone. You can never deduct based upon a perceived danger while driving to work since commuting is not deductible.
*******************This post is not a political statement. I'm not telling you to pack. This post is for those that are already LEGALLY carrying now.****************
These are examples that may pass the above test: law enforcement, security, remote warehouse, convenience store, overnight shift workers, truckers, any geographic location with above average crime stats, small offices, professions subject to revenge & anger (defense attorneys, related to divorce & family decisions, etc.).
Once you have cleared the above ordinary and necessary test, you can deduct the business portion of the following:
1) firearm cost
2) firearm storage safe
3) firearm ammunition
4) firearm safety and proficiency training
5) related permits and fees
6) related legal fees to obtain employer clearance to carry
I suggest discussing your deduction eligibility with a tax professional.
SHARE WITH A FRIEND.
If you need any help... www.baboiancpa.com