PDA

View Full Version : Fishing charter business taxes


tahnee87
Jun 30, 2009, 11:23 AM
My husband bought a boat and started a charter fishing business 3 years ago and since then has not done his taxes and lost all his receipts (gas, fishing tackle, bait, lunch) we really need to get this sorted out what do we do?

codyman144
Jun 30, 2009, 11:59 AM
I am going to move this to the tax section were a tax expert can help you.

AtlantaTaxExpert
Jun 30, 2009, 01:03 PM
Your first decision is to find a competent, local tax professional to help you put together his business records.

While he has probably lost the detailed receipts, it is likely that he paid for much of these costs via credit card, so the tax pro can use the credit card bills as a basis for establishing your husband;s business records.

If your husband consistently made money running his charter business, expect the tax bill to be in the tens of thousands of dollars.

Plus, you can expect the tax pro to charge a fee approaching a thousand dollars himself.