6 March 2013
Tweet C is for Carpooling. You cannot deduct the costs of getting to and from work, no matter if you take a bus, trolley, subway, taxi, or drive your own car. Commuting expenses to and from your regular place of work (as opposed to travel for work) is never deductible. Taxpayers are always trying to [...]
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5 March 2013
Tweet B is for Bad Debt Expense. Most tax discussions about debt focus on debts that you owe. But what happens when the debt is owed to you? And worse, what if it’s pretty obvious that the debt isn’t going to be paid back? When that happens, you have a bad debt. For tax purposes, [...]
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