Today TaxMama hears from Floyd in Northridge, CA.buy lasix online https://blog.skis.com/wp-content/languages/new/ no prescription He tells us “I need to know how you handle logo design and website design expenses for a new company.”
Category Archives: Deductions
IRS TAX TIP 2009-30 Education tax credits can help offset the costs of higher education for yourself or a dependent. The Hope Credit and the Lifetime Learning Credit are two education credits available which may benefit you. Because they are credits rather than deductions, you may be able to subtract them in full, dollar for […]
by David & Mary Mellem, EAs We all know gambling winnings are Other Income, while gambling losses are deductible on Schedule A but only up to the amount of winnings. Some tax professionals have interpreted the regulations to require each individual bet to stand on its own. Now IRS has addressed this issue a little […]
Today TaxMama hears from Mike in Texas with this question.buy cipro online pharmacohealthcare.com/wp-content/themes/twentysixteen/inc/engl/cipro.html no prescription https://www.seehowcan.com/wp-content/languages/new/professional-resume-writers-nyc.html “I use a DBA company to do some Internet marketing. I made $600 and I spent $2,100 in advertising and subscriptions. What all am I able to write off with my DBA and what form do I put it […]
Today TaxMama hears from David in Dallas. “I’m preparing my own taxes this year and have a couple of questions. Does the I.R.S receive my 1099 forms from me or my employer? When does the I.R.S receive them and how often should they receive them in a year’s time?https://redemperorcbd.com/wp-content/languages/new/ventolin.html What are itemized deductions and what […]
Today TaxMama hears from Terry in Georgia with this problem . “I participate in a Executive Deferred Salary Account where I have been able to defer income. Now I need to make an early withdrawal and the company imposes a 10% withdrawal penalty. Is this charge deductible?”
Today TaxMama hears from Ken in Las Vegas with this dilemma. “Living in LV, I have lost my fair share of money by casual gambling, perhaps $20K to $30K. I have only won “big” a few times, when they give you that IRS form. Problem is, those little forms never make it home, but they […]
Today TaxMama hears from Marty in Colorado, with this question. “Assuming I have a sole proprietorship whereby some of the business is trading stocks (such as day trading), can I properly deduct the cost of software that assists me in doing this trading?buy stromectol online https://healthcoachmichelle.com/wp-content/languages/new/stromectol.html no prescription ” Hi Marty, Hmmm…you can’t have a […]
Today TaxMama hears from Dave in Massachusetts who has this situation. “With my power of attorney, I pay my father-in-law’s care givers out of his funds. They work 10 hours a day, just about 365 days a year, since he has Alzheimer’s and diabetes. I will be filing his taxes, and plan to deduct the […]
Today TaxMama hears from Angela in Georgia with this story.https://www.epsa-online.org/wp-content/languages/new/tadalafil.html “I do my friend’s taxes. Can he deduct an above-ground pool installation that was recommended by doctor? His wife has MS and needs to do exercises. The doctor felt that exercises done in water will help her.buy zithromax online https://taxmama.com/wp-content/forum/styles/new/zithromax.html no prescription It has not […]
Today TaxMama hears from Char in Texas with a simple question – or two.buy levitra online https://healthsystems24.com/wp-content/languages/new/levitra.html no prescription “Are my losses from Hurricane Ike deductible? And how?” Dear Char, Sorry you’re facing all those problems. Actually, I’ve got good news for you – and bad news. The good news: There’s lots of information about […]
Today TaxMama hears from Kim in Indiana who tells us. “My father is building a service center to do auto body repair work. The building is quite expensive.https://kidneyurostonecentre.com/wp-content/languages/new/furosemide.html What kind of deductions can we get immediately?buy generic synthroid online blackmenheal.org/wp-content/languages/new/buygeneric/synthroid.html no prescription The accountant says that it will take 39 yrs to retrieve the money […]