Taxpayer asks: I’m confused by part of the notice I got from the IRS about my 2010 taxes. The first part was clear – I
Read MoreTag: expense
Taxes From A To Z: T Is For Tuition & Fees Deduction
T is for Tuition and Fees Deduction. College can be expensive. Crazy expensive. I say this as a former student now repaying tons of student
Read MoreTaxes From A To Z: S Is For Standard Deduction
S is for Standard Deduction. Most taxpayers have the option of claiming the standard deduction or the itemized deduction. I say “most” because, as with
Read MoreTaxes From A To Z: G Is For Gift Expenses
G is for Gift Expenses. The word gift can have a different meaning, depending on who is doing the giving and who is doing the
Read MoreAsk The Taxgirl: Parking Expenses For Business
Taxpayer asks: I’m getting mixed responses about being able to write off my parking expenses for work. I am a hair stylist and technically work
Read MoreIRS Announces 2012 Mileage Rates
The IRS has issued the 2012 optional standard mileage rates used for deducting the costs of operating an automobile for business, charitable, medical or moving
Read MoreBack To School: Deductions For Soccer, Cheerleading & Extracurricular Activities?
I need a full time assistant just to manage the kids these days (don’t worry, Mom, I don’t actually have one). School started last week
Read MoreTwitter Tax Tips #19
Remember that small biz can expense some business costs in 08 rather than depreciate. Immediate savings! #TwitterTaxTip (For more on twitter tax tips, see my
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