Welcome To Episode 44!
[Note: The Big Shave West Contest Is Below!]
What a great episode we have in store for you today folks! This one clocks in a little over 90 minutes and really packs in loads of tips, tricks and insight into the rabbit hole that wet shaving is. First off Ryan and Doug catch up on what’s new and prepare themselves, mentally and physically, for The Big Shave West Wet Shave West Gathering, happening in Pasadena, Ca this April 25th!
The Boys also catch up Jerry Rosenthal, founder and organizer of the Ohio Razor Meet-Up! This coming October marks their 12th Annual Event and Doug is excited to hear all about it. Special Guest Speakers, Like Minded Collectors and of course the mother load of vintage razors to be bought, sold, traded, shared and talked about! A really wonderful time for the budding razor collector or salted sailor…but don’t take our word for it, here’s a blurb from the official website:
Find Your Holy Grail!
The 12th National Shaving Collectibles Meeting is being held on October 10-11 of this year in conjunction with the National Shaving Mug Collectors Association. Collectors and fans of shaving memorabilia will gather with people having similar interests in safety razors, straight razors, shaving mugs, stroppers and hones, razor blades, blade banks, barber bottles, and other shaving related items. See in person those rare collectibles you only read about or see in pictures. Join your fellow collectors in an atmosphere of congeniality, sharing, and stimulating discussions and presentations.
A Special Thanks To Jerry for hanging out with us and giving us the skinny on what sounds to be one of the most unique meet-ups happening this season!
Happy Tax Day People! Normally that kinda greeting may seem out of place on a wet shaving podcast, but not today. We thought we’d try shave something off the top for our faithful listeners who happen to Buy, Sell, Trade, make Youtube Vids, Wet Shaving Podcasts, etc and pretty much wanna get some deductions for their hobby expenses. I know, sounds crazy but Douglas thinks he’s cracked the Collectors Code and dragged in his favorite wet shaving CPA, Mike Buckwash. Is Doug’s zany idea nothing more than a dream? Listen and hear as Mike lays down the facts and drops some tax breaking knowledge!
Here’s what it looks like on paper…digital paper:
Facts
1) A hobbyist, in the eyes of the IRS, can deduct hobby-related expenses only from hobby-related income. Read differently, hobbyists can deduct their hobby-related expenses only from the income our wonderful hobby generates. Okay, so stop and think about this for a second. Income means you made money on this hobby somehow. Expenses means you paid for something related to the hobby. Inherently, this implies that you cannot deduct hobby-related expenses if you don’t have hobby-related income. So, off the bat, someone who doesn’t want or doesn’t typically sell stuff on Buy/Sell/Trade’s (“BSTs”) , forums, eBay, etc…you can go grab a beer or something because this tax deduction conversation probably won’t interest you and you’re stuck with the expenses of the wet shaving world. J
2) These hobby expenses are deductible and included only as something called a “Miscellaneous Itemized Deduction”, which is a section of a Schedule you file with the IRS if you itemize your deductions. Now, this will also cross a lot of people off the list too of “those who care about this portion of the podcast”,