Today TaxMama hears from Charmaigne in the TaxQuips Forum, with a reasonable issue. “My son turned 26 in November of 2010 and has been out of work for over a year. He lives with me and I have supported him in every way, medical bills, dental bills, auto insurance, food, clothes, etc. Is there a […]
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Courtesy of IRS If you itemize deductions and are an employee, you may be able to deduct certain work-related expenses. The IRS has put together the following facts to help you determine which expenses may be deducted as an employee business expense. Expenses that qualify for an itemized deduction include:
News agencies and businesses are using computers to edit their copy. Here are some of results from the last decade or so. A bit more than ten years ago, the Fresno California Bee, part of a respected media group, installed a new production/editing computer which even included features for automatically editing “political correctness” into […]
Today TaxMama hears from Chet in the TaxQuips Forum, who is concerned. “I gambled online quite extensively last year. However have a large net loss for the year. I have only “cashed out” of my online gambling account twice all year. I haven’t done the math yet, but I know I have a net loss. […]
Today TaxMama hears from Dil in the TaxQuips Forum, who needs clarification.buy azithromycin online https://pridedentaloffice.com/wp-content/languages/new/azithromycin.html no prescription “The issue is related to the definition of ‘qualified educational institution.’ The institution is a regionally accredited one, but the full definition of ‘qualified educational institution’ requires that it be a Title IV institution – one whose students may […]
Today TaxMama hears from Sarah in the TaxQuips Forum, with a good question. “My husband is a personal trainer and uses our back patio exclusively to train clients (we do not use this space for anything else). Is this deductible and if so, how? Do we have to include the square footage of our whole […]
Today TaxMama hears from Elizabeth in the TaxQuips Forum, with a sad problem. “Can a loss on deposits be deducted on Schedule A or form 4684? I researched the IRS website and it is allowable.https://lightsailed.com/homeschool/wp-content/languages/new/writers-help.html But what if the amount is more than ,000 for the entire loss?https://lightsailed.com/homeschool/wp-content/languages/new/website-that-writes-essays.html Can you deduct $20,000 each year until […]
Dear Family, On Friday’s, I try to devote the morning to writing and compiling Ask TaxMama. But the phones keep ringing today – generally with people I love to hear from. So, the conversations do take much longer than they should. This weekend we change the clocks, right after midnight Saturday night (or in the […]
Two traveling angels stopped to spend the night in the home of a wealthy family. The family was rude and refused to let the angels stay in the mansion’s guest room. Instead the angels were given a small space in the cold basement.https://jaymorrisonacademy.com/wp-content/languages/new/research-paper-helper.html
Today TaxMama hears from Rachel in the TaxQuips Forum, who needs clarification.https://www.cinewebradio.com/wp-content/languages/new/online-paper-editor.html “My husband and I are the only owners of our LLC. From my understanding, in our state (Arizona) we can file a schedule C with our 1040. When I try to do this with TurboTax it prompts me to divide all the expenses […]
Today TaxMama hears from Jesus in the TaxQuips Forum, who is on the cusp. “I made my offer for my home on 04/29/10 but I closed escrow on 06/14/10. My HUD-1 statement says STAEMENT DATE : JUNE 14, 2010, basically the day I closed escrow. Do I still qualify? The binding contract is confusing. What […]
WASHINGTON – The Internal Revenue Service (IRS) should strengthen its controls over its investigative equipment to prevent waste and loss, according to a report publicly released today by the Treasury Inspector General for Tax Administration (TIGTA). The IRS’s Criminal Investigation (CI) Division has nearly 44,000 pieces of investigative equipment ranging from cars and badges to […]