Deductions: Education Expenses
Resources: Topic 513 – Educational Expenses 2011 Form 2106 – Employee Business Expenses Instructions for 2011 Form 2106 Why YOU Should Care: If you pay for education to hone your professional skills...
View ArticleThe Cost of Commuting – When is Transit Deductible?
Resources: Revenue Procedure 2010-51 2012 Mileage Rate Deducting Travel, Entertainment, and Gift Expenses Tax Topic 511 – Business Travel Expenses Why YOU Should Care: While the cost of your daily...
View ArticleWhen can you Deduct your Business Wardrobe?
Resources: IRS Publication 17: Your Federal Income Tax IRS Publication 535: Business Expenses Why YOU Should Care: If you are required to wear a uniform for work, you may be able to deduct the cost of...
View ArticleHome Office Expenses: Direct, Indirect, and Unrelated
Resources: IRS Publication 587 2011 Form 8829 Instructions for 2011 Form 8829 Why YOU Should Care: If you maintain a home office and spend money to repair or maintain your house, you need to divide the...
View ArticleThe Home Office Deduction
Occasionally, I write about tax topics for other sites. Below is a preview of an article I wrote for Altitude Summit‘s blog. If you maintain an office in your home, you may qualify to deduct certain...
View ArticleTax Consequences of Moving
Resources: IRS Publication 521 2012 Form 3903 and Instructions IRS Tax Tip 2011-37: Moving Soon? Let the IRS Know! Why YOU Should Care: If you move homes for work, you may be able to deduct certain...
View ArticleForgotten Fees: Making the Most of your Deductions
Resources: Instructions for 2012 Schedule C IRS Guide to Deducting Business Expenses Why YOU Should Care: If you pay fees in the course of maintaining your business, you must track them accurately in...
View ArticleThe Tuition and Fees Deduction
Resources: IRS Publication 970, Chapter 6: Tuition and Fees Deduction 2014 Form 1098-T: Tuition Statement 2013 Form 8917, Tuition and Fees Deduction Why YOU Should Care: If you qualify, you may be able...
View ArticleLosses from Casualty and Theft
Resources: IRS Publication 547: Casualties, Disasters, and Thefts Tax Topic 515: Casualty, Disaster, and Theft Losses (including Federally Declared Disaster Areas) 2014 Form 4684, Casualties and Thefts...
View ArticleThe Home Office Deduction and Depreciation Recapture
Resources: IRS Publication 587: Business Use of your Home IRS Publication 523: Selling Your Home IRS FAQ: Depreciation and Recapture 2013 Form 8829, Expenses for Business Use of Your Home Home Office...
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