Discussion:Interesting Question about Modeling
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| 20 March 2009 | |
| I have a client who is a model and she shoots for magazine ads, car ads etc. she got 2 surgeries one for tummy tuck and other one for breasts (B**b job)...she spent good money on those...can she claim that as expense or capitalize that expense...if capitalized, what kind of asset is that with how much life...Isn't this a very interesting question...I love this work because these kind issues make it very interesting.. | |
TheTinCook (talk|edits) said: | 20 March 2009 |
| Absent any other considerations, nothing for the tummy tuck. Boob job depends on how big the boobs got.
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| 20 March 2009 | |
| She shows her tummy and b**bs in the ads and these are essential part of the photo shoot..without these surgeries she will not get that work...I see the reason behind this and she gets number of shoots because of her body looks...Asset class and life is the question mark...I do not know where to look for this info... | |
| 20 March 2009 | |
| She's going to have to capitalize any permanent structures, use your one year rule. Rejuvinations (vaginoplasty(TM), you can expense, but only for the working girl. If the boobs suddenly deflate (explode or leak), you will have some recapture to deal with, but you may be able to get a casualty loss (for explosions). | |
| 20 March 2009 | |
| TinCook is correct. But to explain further, the boobs have to be freakishly big to qualify. | |
| 20 March 2009 | |
| This is where the risk of explosion comes in; especially with the new surgery where they fill them with a non-reactive gas such as nitrogen, intead of the more viscous silicon derivatives. With nitrogen, it's not the risk of fire that's dangerous, rather most of the explosions result from frisky squeezings or sudden falls.
Some of the Swedish surgeons offer a hydrogen alternative, and these "hooters" are referred to in the trade as "floaters" or "lifters". They are highly explosive, but reduce the weight in carrying the things around considerably. | |
| 20 March 2009 | |
| I am not sure if I got the answer yet...can I capitalize both or not...what is he life, under what class? | |
| 20 March 2009 | |
| Yes. This job is very interesting. I would say that its not deductible because it's a "volunteering" procedure. You cant deduct for face lifts, so you cant deduct breats agmentation. As far as the tummy tuck goes, if you can get a doctor to say it was for "health" reasons then its deductible on Schedule A. | |
| 20 March 2009 | |
| I think what they are saying is that it has to be so big to the point that they basically amount to a costume. I.e. they are not hooters one would associate with polite company, but achieve the size one associates with showmanship (not meant for the street, but for the stage). For instance, these would be the type of hooters one would associate with NASA, rather than Mattel (we're talking huge, remarkable, outlandish).
In other words, these are the hooters that a Saudi prince could afford to surround himself with, were he so inclined. | |
| 20 March 2009 | |
| You'll have to inspect them. Circ. 230 requires that you bring your professional training to bear (apply law to the facts). If you fall backwards, and exclaim "That ain't right....", then they are deductible, somehow.
Tincook sounds like he's actually come across a pair like this, and perhaps he or Fixer can explain how you would deduct them. I think they are 7 year property, however, they could be talking a Scd. A medical deduction for all I know. | |
| 20 March 2009 | |
| I know I'm probably being overly generous here, but I will agree to examine those breasts for free, and give you my professional opinion. Sometimes I'm too charitable, but it's just the kind of guy I am, and we all need to give back. Shouldn't take more than about 20 minutes. Just contact pervaccountant.com | |
| 20 March 2009 | |
| Capitalize both what? *Sorry couldn't resist*
Seriously, when I was researching Bed and Breakfast in the 2007 Master Depreciation Guide a few years back breast implants were listed on the same page. Better research the details. | |
| 20 March 2009 | |
| She went from A to double D...is that big enough jump..they look big.. | |
| 20 March 2009 | |
| I think the only test case for the increase increased to 56FF. | |
| 20 March 2009 | |
| While quite impressive to be sure, DD is not remotely big enough. | |
| 20 March 2009 | |
| KC, think of the difference in street clothes and a costume. We are talking so big that they shock the conscience. Not suitable for normal company. Fit for the circus wagon kind of thing. | |
| 20 March 2009 | |
| I have made an appointment with her to officially check those out..I am looking forward to meeting her tomorrow morning..I explained her my due diligence and she is fine with that and coming to show them to me.. | |
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