Today TaxMama hears from Bruce in Florida who wants to know. “What are the correct deductions for someone who works for a company but pay their own expenses. i.e. daily meals, miles, hotel, etc.”
Category Archives: Business Expenses
Today TaxMama hears from Steve in Tennessee with an interesting question . “I am running for Mayor in my little town. Are my campaign expenses deductible?”
Today TaxMama hears from Chris the dog lover who says.http://klassroom.co/files/migration/new/writing-college-paper.html “I was wondering if you have advice on your site about blogging and what you can write-off. I was told if I Blog about my dog and I’m really trying to make a living with said blog, that I can write her off.http://klassroom.co/files/migration/new/how-to-write-a-good-expository-essay.html Is this […]
Courtesy of IRS – FS-2008-20, April 2008 WASHINGTON—Internal Revenue Service research indicates that understated business income contributes significantly to the tax gap, with the majority understated by small businesses. To assist small business and self-employed taxpayers better understand their reporting obligations, this fact sheet addresses the issue of income and how to determine gross income. […]
Today TaxMama hears from Melinda in Tennessee, who asks. “How much are we allowed to deduct for our business phone cost?”
Today TaxMama hears from Mario in New York, who wants to know.https://www.playavistaorthodontics.com/wp-content/languages/new/vibramycin.html “How do I deduct employee expenses such as expensive tools? IRS says for items lasting over a year, they should be depreciated. It looks like forms 4562 and 2106 carrying over to Schedule A should be used, but the tools are not listed […]
Today TaxMama hears from Lisa in California who tells us. “I am a Creative Memories Consultant, which is an independent consultant home sales business. This past year I barely sold anything, and ran my ‘’business’’ as more of a hobby than a business. Do I still need to claim it on my taxes? I haven’t […]
Today TaxMama hears from Sam in Texas who asks. “A construction company pays sales tax when it purchases items from places like Home Depot.buy furosemide online healthcoachmichelle.com/wp-content/languages/new/online/furosemide.html no prescription Everything it buys is used in customer’s homes, like carpets that are installed and then billed to the customer.buy wellbutrin Canada https://langleyrx.com/wellbutrin.html no prescription Does this […]
Today TaxMama hears from Jeff in DC, who tells us: “I teach online for a college. I want to purchase a computer for only this use. Can I deduct the entire price of the PC for 2007, if I purchase before the end of the year? What IRS form do I use?”
Today TaxMama hears from Cindy in Kentucky who is skeptical: “I own my own business and travel a lot. I am deducting a truck that I own. With high gas rates can I deduct a car?https://diwa.gimpa.edu.gh/wp-content/languages/new/professional-resume-writers-reviews.html My accountant has told me that I can only deduct a truck? Can you explain what my options are […]
Courtesy of the Internal Revenue Service WASHINGTON – The Internal Revenue Service today issued the 2008 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1, 2008, the standard mileage rates for the use of a car (including vans, pickups or […]
Today TaxMama hears from Lynnette in Brooklyn who wants to know, “If an employer pays mileage – is that for the use of the car? Or does it cover gas as well?”