USA Bus Lines - Starting a SemiPro Football Team, Need Tax Help?

Starting a SemiPro Football Team, Need Tax Help?

Starting a Semi-Pro Football Team that will be operated much like a small business. Due to the limitations of a non-profit tax exemption (would need to be in business for at least a brief period of time to be eligible) I need to know what type of expenses I can deduct from taxes. 1) League Fees: $2000 2) Travel Fees: Unknown Rate, but will be a flat rate because it will be a charter bus going from our Home Field to the visiting home field. Expenses going TO the home field for the charter will not be included in the deductions 3) Office space for the hotline and computer use for generating communication between customers and the business. Also used to maintain the businesses' website, keeping financial records, etc. 4) Field Rental. Paying the field rent for Home games. $1500 5) Ticket Costs. Paying for the printing of Tickets used for sales. $300 6)Equipment. Equipment for each player costs about $350. $350x40 = $14000 7) Jerseys and Uniforms. $100 each player, 100x40 =$4000 Players will sign a release of liability to the team with proof of thier own health insurance. Also I didnt mean to ask if anybody needed help, I am the one needing help heh

Public Comments

You need to talk to a real accountant before they get busy with the 2009 filing season.