Potpourri of Tax Topics

/Potpourri of Tax Topics

The $250 Educator Expense Deduction and College Professors

By | August 19th, 2016|Categories: Potpourri of Tax Topics|Tags: , , |

Question from a website visitor: can an adjunct professor take the $250 front-side deduction for teacher supplies. Short answer: no.

Basics of Moving Expenses, Part 1

By | August 11th, 2016|Categories: Potpourri of Tax Topics|Tags: , |

Questions about moving expenses and whether those expenses can be deducted comes up periodically with my clients. Here’s a basic overview.

A Little About 1099s: The Why’s of Filing, Part 1

By | July 26th, 2016|Categories: Potpourri of Tax Topics|Tags: , , , |

Why file a Form 1099? It’s the law – and the IRS is increasing enforcement in this area.

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Is a Spreadsheet Appropriate for Corporate Bookkeeping?

By | July 18th, 2016|Categories: Potpourri of Tax Topics|Tags: , , , , |

Can a corporation use a spreadsheet instead of a traditional general ledger to keep the corporate books? There are certainly corporations that think they can. I know many of my tax and accounting brethren are shouting “NO!” In response to this question. My answer is more on the fence. It depends on what your corporation is up to.

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Glossary: Standard Deduction

By | July 14th, 2016|Categories: Potpourri of Tax Topics|Tags: , |

The "standard deduction" is a deduction all taxpayers are entitled to. The deduction reduces taxable income.