Today TaxMama hears from Mimi in the TaxQuips Forum who tells us. “My husband coaches my son’s Little League and travel basketball team. Occasionally, he buys equipment for the team’s use and hosts an after-season party, complete with pizza, cake and beverage. Some of these expenses are not reimbursed by the league. Are these deductible? How about […]
Category Archives: Teachers
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CCH Identifies 10 Deductions That Make It Easy to Reduce Your Taxes
Courtesy of CCH – they write some of THE best material! (RIVERWOODS, ILL., February 17, 2011) – Whether you itemize or take the standard deduction, there are plenty of above-the-line deductions that can mean even greater tax savings, according to CCH, a Wolters Kluwer business and the leading global provider of tax, accounting and audit […]
Today’s topics included: The new HIRE Act The Homebuyers credit Truck Drivers Tax Home Ideas on how to get new clients Dealing with banks who want letters you can’t give them – or can you? Deductions for school teachers Good places to network Where to get good, inexpensive CPE e-filing tax returns with foreign addresses […]