Tractor deduction

[neilly2]

Following the logic of an MSNMoney article:

I can declare myself in the business of plowing snow.
I plow a few driveways a year and make a hundred dollars.
Declare the hundred dollars income and the cost of a front plow and the yearly depreciation of the tractor.
I deduct the business loss from my personal income tax.

To lessen the audit flags:
I use my old tractor for a couple years and declare a modest $50 dollar profit for my new business.
Third year is a bad snow year which coincidently is the same year I buy the new L series tractor.
Heavy losses that year, which I can then deduct from my personal income tax.


Doable??

 

[Birdhunter1]

Doable or not if you have a chacne to screw the IRS go for it. I once sent in a check for money I owed them at the end of the year ad on the memo line I wrote "bunch of **** crooks." I was 17 at the time and it was a job I had working in a lumber yard over the summer till football season started back up. I bet teh W-2 wasn't much more than $4000 if that and I owed them $100. Come on I was 17 and didn't make anything anyway.