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Tax Information With A Mother's Touch
Published by Eva Rosenberg, MBA, EA
Volume 3 Issue 125 August 10, 2001
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Tax Information With A Mother's Touch Published by Eva Rosenberg, MBA, EA Volume 3 Issue 125 August 10, 2001 |
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» From: Venice, CA Dear TaxMama, I am a teacher in a public school. I understand that the $2,000 I spend on my classroom each year may be deductible. That amount is more than 4 percent of my AGI. I already filed for this year. I have receipts for everything. Can I do an amended return and itemize? Laurel  Are you already itemizing deductions? If so, you bet. While you're at it, see if there's anything else you forgot to include: Tax preparation, safe deposit boxes, investment advice and publications, IRA fees, mileage to continuing education courses, seminars and any special trips related to your classroom work. The form is confusing if you don't know the trick to it. The trick? Prepare a new tax return with all the correct information before you start the Form 1040X. Then, pull out the old return and fill in all the numbers in column A 'Original Amount' . Then, take the new return and fill in all the numbers on column C 'Correct Amount'. THEN, and only then, do you calculate column B. It will be the difference between A and C. Make sure that you remember to use line 17, if you paid any money with your return when you filed it --- OR line 19, if you had a refund. Be sure to print out the instructions and keep them by your side, if you are confused. Best wishes Eva Rosenberg Your TaxMama Click Here for TaxMama's Honor System |
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| Library of Congress - ISSN 1532-0790 Copyright © 2000-2003 - Eva Rosenberg |
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