U2/ONE/Music Rising a Tax Deduction?

jelloe · 02-28-2007, 08:05 AM

anyone considering deducting money spent to attend the concert and support the ONE campaign as a tax write off?

i probably only spent a couple thousand on tickets and travel, which is a drop in the bucket compared to the deep pockets from many other U2 fans. but since the show was more than great entertainment and incorporated the ONE campaign, it seems there is a chance to apply the money spent towards the charitiable donatation block on a tax form.

BOTTOM LINE: did you considered the event strictly a U2 concert or a "ONE campaign revival."

In addition, all the music rising stuff i purchased (guitar and shirts) will definetly go on my taxes, since all proceeds went directly to the that charity.

all in all, i love U2 and hate taxes.
any IRS auditor/tax guru who is a U2 fan, please advise!

Liesje · 02-28-2007, 11:04 AM

I would still have attended the concerts even if the ONE campaign did not exist, so I guess I wouldn't see the point in writing them off.

BVS · 02-28-2007, 12:28 PM

This is funny. I'd love to be a fly on the wall when you try and explain that one to the auditor...

Copy · 02-28-2007, 12:56 PM

I wonder if Bono writes off his expenses when he is working for the ONE campaign

U2Man · 02-28-2007, 02:41 PM

Utoo · 02-28-2007, 03:06 PM

So you're getting:

- memorable concert experiences
- clothing
- collector's guitar
- MONEY BACK from a tax write-off

Wow. There's some real altruism & charity there!

kramwest1 · 03-01-2007, 09:10 AM

ENJOY!
http://www.irs.gov/publications/p526/index.html

Mark

jelloe · 03-01-2007, 09:59 AM

Quote:

Originally posted by kramwest1
ENJOY!
http://www.irs.gov/publications/p526/index.html

Mark

after reading the above, the idea quickly faded

maybe it will be less obivious when i show my support and donate to "the police" tour.

Headache in a Suitcase · 03-01-2007, 08:48 PM

i think you should write off the 1 dollar white band you bought.

i smell refund.

kramwest1 · 03-02-2007, 08:49 AM

Just a donation note..
In the past when I've had extra tickets for concerts that I couldn't use for whatever reason, I would donate them to the local Big Brothers/Big Sisters chapter. They'll give you a donation letter, and then you can write off the value of the tickets.
Make sure you talk to the donation coordinator before you just send them the tickets and send them so they arrive in time for the show and a Big/Little match can use them to see the concert.

Mark

02-28-2007, 08:05 AM	#1
jelloe The Fly Join Date: Feb 2005 Posts: 82 Local Time: 02:11 AM	U2/ONE/Music Rising a Tax Deduction? anyone considering deducting money spent to attend the concert and support the ONE campaign as a tax write off? i probably only spent a couple thousand on tickets and travel, which is a drop in the bucket compared to the deep pockets from many other U2 fans. but since the show was more than great entertainment and incorporated the ONE campaign, it seems there is a chance to apply the money spent towards the charitiable donatation block on a tax form. BOTTOM LINE: did you considered the event strictly a U2 concert or a "ONE campaign revival." In addition, all the music rising stuff i purchased (guitar and shirts) will definetly go on my taxes, since all proceeds went directly to the that charity. all in all, i love U2 and hate taxes. any IRS auditor/tax guru who is a U2 fan, please advise!

02-28-2007, 11:04 AM	#2
Liesje Best in Show Premium Gold Member Join Date: Mar 2002 Location: In the dog house. Posts: 18,193 Local Time: 10:11 PM	I would still have attended the concerts even if the ONE campaign did not exist, so I guess I wouldn't see the point in writing them off. __________________

02-28-2007, 03:06 PM	#6
Utoo Rock n' Roll Doggie ALL ACCESS Premium Silver Member Join Date: Jan 2005 Location: Starting at Infinity Posts: 7,798 Local Time: 10:11 PM	So you're getting: - memorable concert experiences - clothing - collector's guitar - MONEY BACK from a tax write-off Wow. There's some real altruism & charity there! __________________

03-01-2007, 09:10 AM	#7
kramwest1 has a Premium Gold Member Join Date: Apr 2005 Location: In The Deep End Of The Adult Swim Pool Posts: 1,631 Local Time: 09:11 PM	ENJOY! http://www.irs.gov/publications/p526/index.html Mark __________________ My U2010 Anaheim 1-2 Minneapolis Montreal 1-2 NY/NJ

03-02-2007, 08:49 AM	#10
kramwest1 has a Premium Gold Member Join Date: Apr 2005 Location: In The Deep End Of The Adult Swim Pool Posts: 1,631 Local Time: 09:11 PM	Just a donation note.. In the past when I've had extra tickets for concerts that I couldn't use for whatever reason, I would donate them to the local Big Brothers/Big Sisters chapter. They'll give you a donation letter, and then you can write off the value of the tickets. Make sure you talk to the donation coordinator before you just send them the tickets and send them so they arrive in time for the show and a Big/Little match can use them to see the concert. Mark __________________ My U2010 Anaheim 1-2 Minneapolis Montreal 1-2 NY/NJ

02-28-2007, 12:56 PM	#4
Copy The Fly Join Date: Apr 2006 Posts: 190 Local Time: 02:11 AM	I wonder if Bono writes off his expenses when he is working for the ONE campaign

02-28-2007, 02:41 PM	#5
U2Man ONE love, blood, life Join Date: Mar 2005 Location: at pavel's Posts: 11,613 Local Time: 03:11 AM

03-01-2007, 08:48 PM	#9
Headache in a Suitcase Blue Crack Supplier Join Date: Jul 2000 Location: New York City Posts: 32,959 Local Time: 10:11 PM	i think you should write off the 1 dollar white band you bought. i smell refund.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode