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-   -   Fishing charter business taxes (https://www.askmehelpdesk.com/showthread.php?t=370601)

  • Jun 30, 2009, 11:23 AM
    tahnee87
    Fishing charter business taxes
    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?
  • Jun 30, 2009, 11:59 AM
    codyman144

    I am going to move this to the tax section were a tax expert can help you.
  • Jun 30, 2009, 01:03 PM
    AtlantaTaxExpert
    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.

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