---- Is the '$300 a site' price point working for you
LifeinAsia - 11:12 pm on Jan 29, 2009 (gmt 0)
As it's charitable work (and tax deductable...)
You can certainly deduct any actual out-of-pocket expenses related to the project (mileage driven to meet with them about the project, etc.). But as it's already been established that there is no overhead, there's no tax deduction. You can NOT deduct the "value" of your time.
OK, let me rephrase that. You CAN do whatever you want (including deciding not to pay any taxes in the first place, if you really want to go that route). However, if you get caught & audited, it won't stand up and you'll be subject to penalties and interest.
[edited by: LifeinAsia at 11:14 pm (utc) on Jan. 29, 2009]