Today TaxMama hears from Myra in South Carolina, who asks, “Can an employer deduct 11% from employees’ wages and tell them that it is to cover the cost of processing credit cards?https://londonbes.education/Media/new/do-my-homework-app.html My son works in a restaurant where tips are added to credit cards and then the employees are charged this 11% by deducting […]
Category Archives: Deductions
Today TaxMama hears from Lee from AOL, who tells us, “I was told that since I am pregnant in 2005, I would be able to claim that on my taxes and get a break.order diflucan online medstaff.englewoodhealth.org/wp-content/languages/new/order/diflucan.html no prescription Is that true? The baby is not due until 2/28/06.http://www.ijasrjournal.org/wp-content/languages/new/buying-essay.html ”
Today TaxMama hears from Steve in Pennsylvania, who tells us, “I recently built a barn and installed an electric fence around three acres.buy stromectol Canada http://healthinschools.org/wp-content/languages/new/canada/stromectol.html no prescription I have run water to the barn and have installed electricity.buy plavix online http://everydaystarlet.com/wp-content/languages/new/zovirax.html no prescription We have bought a few sheep to start a flock. I […]
Today TaxMama hears from Larry from North Carolina says, “I donated blood to the Red Cross 6 times this year.https://lightsailed.com/homeschool/wp-content/languages/new/math-homework-help-app.html I know I can’t deduct the value of my time but can I deduct the value of the blood?buy wellbutrin online pavg.net/wp-content/languages/new/where/wellbutrin.html no prescription https://lightsailed.com/homeschool/wp-content/languages/new/homeworkhelp-com.html Red Cross sells my blood for $85-$250/unit.”
Today TaxMama hears from Mike from Florida, “I am getting into the real estate sales business in southwest Florida. What business-related expenses are normally deductible? May I deduct the training required by state law? Car expenses, including leasing, fuel, and maintenance for a business-only vehicle? Office space in the home? Anything else?
Today TaxMama hears from Bill in San Antonio, TX who says, “I have been told that replacing windows in your residence may result in a tax credit. Can you tell me whether energy saving improvements to a residence are tax deductible or if generates a tax credit? Where in the tax code is this addressed.”
Today TaxMama hears from Alice in Montana who asks. “I am a writer, operating as a sole proprietor of a freelance writing and research business. I am nationally published, and have a 20 year tax history doing this. I am writing a children’s book about the dog I adopted and how he was transformed from […]
Today TaxMama hears from Margaret. “My daughter’s boyfriend, with whom she lives, filed his tax return claiming my daughter and their child for the sake of the EIC. He expected to receive approximately $2000 back as a refund. Instead he received a notice from IRS that not only was he not getting his refund, but […]
Today TaxMama answers Terry of Morristown, MN says “I am a future college student with plans to study Industrial Design. I am asking wealthy people that I know for college donations and that type of thing. I was wondering if it was a tax write-off if they donated to a student’s college fund.”
Today TaxMama answers Steve from Orland, CA who’s asking about Per Diem for truck drivers. Steve says “Thanks to your site I found out that I can deduct $41 per day. But how/where do I put this deduction on my schedule “A” form?”
Today Gene from Centennial, CO wants to know “I am in the process of purchasing a second home for the purpose of renting it.buy zithromax online www.mabvi.org/wp-content/languages/new/usa/zithromax.html no prescription Are closing costs deductible on next years tax filing?https://www.ncil4rehab.com/wp-content/languages/new/wellbutrin.html ”
Today Donna from California did some research. “I’m interested in starting a small business in real estate centering around purchasing the property and renting it to tenants. But to my dismay I recently read that the IRS does not consider that a business. Is that true? I also read that this is a “gray” area. […]