Deducting Un-reimbursed Professional Expenses

According to the IRS, to be deductible, an expenditure must be both “ordinary” and “necessary” in connection with your profession.? The IRS defines “ordinary” as common and accepted in a particular profession and...

Deducting Un-reimbursed Professional Expenses

According to the IRS, to be deductible, an expenditure must be both “ordinary” and “necessary” in connection with your profession.? The IRS defines “ordinary” as common and accepted in a particular profession and...

Checklist to Cut your 2013 Tax Bill

It’s not too late to cut your 2013 tax bill.? Prior to Dec. 31st: ?Increase your 401(k) and 403(b) contributions if you haven’t been contributing at the maximum rate all year.? This year you can put away up to $17,500 ($23,000 if 50 or older) into your...

CAT FOOD IS DEDUCTIBLE?

From Peter Blank, The Kiplinger Washington Editors?in the original article on http://money.msn.com/taxes/14-extraordinary-tax-deductions-1 Here are?two feline examples of?the types of extraordinary deductions that?have been?allowed by the IRS: Cat food, part one A...