Tag Archives: Form 2106

Job Expenses

Today TaxMama® hears from Lori in the TaxQuips Forum with a case of wishful thinking. “I have a couple of clients that have an average of $3,000 worth of employee expense deductions. None of them itemize on Schedule A. Can I still take the standard deduction, plus a negative amount (from form 2106) on 1040 […]

Missing Hotel Receipts

Today TaxMama® hears from Tim in the TaxQuips Forum with this question. “A relative was sent by his company to work far away from home in different places for weeks at a time. He was given a nonaccountable per diem that was included in Box 1 of his W-2. He did not save the hotel […]

Per Diem Wasted

Today TaxMama hears from Bob in the TaxQuips Forum, who is trying to get it right. Let me summarize.  “I live in NJ and had a temporary job in DC for 6 months in 2010 (total 196 calendar days). I used Pub 1542 [per diem rates] for DC of $258 per day ($65 M&IE and […]

Double Reimbursement

Today TaxMama hears from Doug in the TaxQuips Forum who is arguing with his work buddies. “We are a group of field technicians that work entirely out of our home and have no local office to report to. We drive directly from our home to a customer site, and the visit usually is completed that […]

S Corp Auto Expense

Today TaxMama hears from Peter in Massachusetts who has this question. “I am a 100% owner of my S corporation. I used my car, registered in my name, for my business and commuting. I keep a detailed record of mileage and expense. Can I deduct the vehicle expenses on my 1120S?” http://www.audioacrobat.com/play/WSKWQgVf

My Acting Career

Today Mary tells us that she just moved to New York to pursue an acting career. Mary says, “I currently work as a secretary, but I plan to take auditions and classes in my days off and evenings. I would like to deduct my classes and other such expenses as business expenses related to my […]

Mileage Reimbursement

Today TaxMama hears from Jerry in Abingdon, VA who tells us, “My wife is a sales rep. She is paid 20 cents per mile. She has driven over 1200 miles (we have documentation). What form do we use to claim the unpaid mileage vs the government’s 40.5 cents per mile? My wife does not own […]