Yesterday TaxMama® started discussing employee reimbursement plans. Today, TaxMama® explains how company reimbursement policies affect tax audits.
Tag Archives: Expenses
Today TaxMama hears from Mark in Illinois, with this problem. “Taxpayer has claimed the home office deduction for a couple of years. There is a build up of carryover expenses. During 2008 taxpayer quit doing business from his home. Taxpayer continued in the same line of business for the remainder of the year from a […]
Today TaxMama hears from Quincy in New York who wants to know “Can a medical student deduct the expenses of traveling, lodging and meals when looking for internships and residencies? If so, what are the rates? Also, can I deduct the expenses of the board tests ($1,500), and books for school?”
Today TaxMama hears from Ron in Reno, who wants to know, “My wife and I have a rental house that we lived in from 1971 to 1979. We have rented it out ever since then.buy generic strattera online blackmenheal.org/wp-content/languages/new/buygeneric/strattera.html no prescription Can we rent out our present house and then move back into the rental […]
Today TaxMama hears from Larry in North Carolina, with this dilemma.https://www.calmandgentledentalcare.co.uk/wp-content/languages/new/vardenafil.html “I have a part-time business servicing computers. I have a separate business checking account, file Schedule C, etc. I deduct business miles on a mileage basis. On occasion I do some computer work for my minister back home. It is a 180 mile round-trip. […]
[TaxMama note: This looks like a really important announcement. Especially if it means what I think it means! OK, I am sitting here trying to get my head around this phrase “not incurred in traveling away from home”. And I think I have it finally figured out – but have a call in to IRS […]
Today TaxMama hears from Brain, in the Tax Parlor, who tells us. “Recently I won $4,000 in a state lottery. I spent about $500 for the purchase of a batch of lottery tickets all at once. I was wondering if I could subtract the cost from the proceeds I won?” Dear Brain, I’ll bet that’s […]
Today TaxMama hears from Janice in the Tax Parlor who asks, ” I have a client who is an EMT (Emergency Medical Technician). His shifts are 24 hours at a time. Are EMT’s on 24-hour shifts eligible to deduct per diem for meals? Of course he says that his coworkers take the deduction. ” ~~~~ […]
Today TaxMama hears from Alice who’s disputing her husband’s contention, “My husband is a real estate agent with a major brokerage. Last year we paid four of our children to work for him on various projects. All four are 18 and under. I wrote a check to myself and paid them cash.buy prednisone generic https://rxxbuynoprescriptiononline.net/prednisone.html […]
Today TaxMama hears from John in Vermont, who wants to know “I am presently in the midst of a fairly messy divorce with the main fighting being over income producing assets. Are the legal expenses associated with these assets deductible?”
Today TaxMama hears from Carol in Hudson, Florida, who tells us.https://pinnacle.berea.edu/wp-content/languages/new/personal-statement-editing-service.html “I am starting a website with cooking recipes and tips, plus drops-hipping kitchen items. My questions are: 1. When testing recipes, can the cost of ingredients be written off on taxes? 2. I will be writing reviews about kitchen utensils that I will be […]
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 […]
- 1
- 2