Today TaxMama hears from Richard in McAllen Texas, who asks: “I am in the process of starting up a moving and packing business. It was my intention to purchase one or two used trucks—the type that the truck rental firms sell off after they have deprecitated them to their fullest. My question: Will used vehicles […]
Search Results for: tax deduction
Today TaxMama hears from Angela from Elk Grove, CA who demands to know “What rate is my employer required to pay mileage reimbursement to his employees?”
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. […]
Today Krishnan from the Internet is wondering. “I have a “Stamp Collecting Hobby” and spend about 00 to 00 each year.https://firstcanadianpharm.com/wp-content/languages/new/levitra.html Are those expenses deductible under “Miscellaneous Expenses” when you itemize using Schedule A.”
Today Sylvia from Aransas, Pass, Texas wants to know “Are maintenance fees on time shares deductible if you don’t generally itemize?buy furosemide online healingtohappy.com/wp-content/languages/new/over/furosemide.html no prescription https://isihealthone.com/wp-content/languages/new/priligy.html ”
Today Deana from California is upset “Please help! My husband is getting reamed on withholding – like $200 each check. And he only makes about $700. Our rent is a fortune; We have a new car. I’m disabled and stay at home. We also have a 4 month old. How many exemptions can he claim? […]
Today Irina from the Internet is concerned. “My husband is self-employed and he hasn’t had any deductions taken out of his checks since the time he started his business.https://www.seehowcan.com/wp-content/languages/new/math-homework-help.html He claims that after he writes off his business expenses, he’ll get more than he owes. On top of that, he is telling me to claim […]
Today Rod from SC has some money burning a hole in his pocket. “If you had $14,000 to pay some bills, which payment would provide the best tax advantage: Pay student your loans of $14,000; Pay car note of 14,000: Or put the total into your home mortgage of $60,000? Please explain your suggestion. My […]
Today Mark in Mississippi is still reeling.https://libertyjuice.com/wp-content/languages/new/bactroban.html Here’s why – The other day, I dropped twenty bucks into a 50-cent slot machine and I won $326,000.00! I suspect that over half will be taken for state and federal taxes. As a farmer, can I offset the taxes due by adding to my farming operation (i.purchase […]
Today Nick from Columbus, Georgia asks, “I live in Columbus, GA and work in Atlanta, GA. Since I work about 200 miles away from my residence, my company gives me a per diem. My question is, even though I get a per diem, can I claim my expenses as business expenses while I am in […]