Individual

Twitter Tax Tips #20

ByKelly Phillips Erb April 13, 2009May 17, 2020

Teachers may claim up to $250 for out of pocket teaching-related expenses. #TwitterTaxTip

(For more on twitter tax tips, see my prior explanatory post.)

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Kelly Phillips Erb

Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and speaker who explains taxes, IRS news, financial crime, scams, and the law in plain English.

One Comment

Barbara says:

September 11, 2009 at 5:44 pm

From my K-1 on the S Corp return, I keep undistributed income in the company for taxes, bonuses, etc for the next year. Will my ex-wife be entitled to her portion before this number or after? Is it considered employment related income, gross income, or reasonable income to keep the company running?

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