 Why are tips and gratuaties taxed? What year did the U.S. establish this as a taxable item? |
Since workers have no guarantee of receiving one (gratuatity), or at times receive less than 15%, how is it they are taxed? What other countries place tax on tips, gifts/gratuaties?
T... |
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 Please help irs trouble? |
| my dad is in serious irs trouble. he owes more than 12,000 dollars and we dont have the money to pay for it. is there anything we can do so they dont come and take our property. please ... |
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 What to do if your company does not deposit your TDS to The Government of India.? |
What to do if your company does not deposit your TDS to The Income Tax t Dept
It happened so and Im not sure wheteher I shall get Form 16 either.
I have to file my returns to acquire a loan ... |
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 Once TDS is done on Fixed deposits, is the balance amount taxed again? |
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 Tax return question? |
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 Do I have to report income below $300 for the last year? |
I know it's not taxable, but so I have to report it?
Please advise
Thanks
Additional Details
Forgot to mention - this is not my only ... |
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 I was claimed as a depedent, will I sill get a tax rebate this upcoming summer? |
| I am a 21 year old female. My mother claimed me as a depedent on her taxes. Does this limit me from getting the possble $300 or $600 rebate being sent out later this year?... |
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 Buying from America on eBay? |
i want to buy a bag from the USA on eBay. It is about $49. Can anyone give me an idea how much import duty and other related costs I will pay on this handbag to have it posted to the UK
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| I am a full time student. but i sell a bit of stuff on ebay to earn some income. i havent got a job so i try to make money this way. Do i pay tax for this?... |
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 Recently married, question about her single W2.? |
We were married in July, and since then I've claimed her on my income taxes. We plan on filing jointly. Can I include the W2 she had from a job previous to our marriage in the filing?
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Charles | Can I write off a laptop on my taxes? |
I have a laptop that is about to bite the dust. I use the laptop for %50 work %50 myself. I travel a lot with work so I am using it for e-mail and production. I work for a radio station so I edit shows and sound clips on the laptop.
Am I able to write any of this off on my taxes?
If so is there a limit on what i can/cant deduct? |
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WiseOwl
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Yes, but it's not easy, and in a lot of cases you won't notice a change in your taxes.
According to the IRS, a laptop is "listed property" and has special rules about claiming deductions and depreciation. The IRS also considers a laptop to
First, you'll need to know the value of your laptop when you started using it for business (even partially). The value of a laptop "that is about to bite the dust" ain't much.
Laptops (and other computers) are depreciated over a five year period, so a $1,200 laptop will depreciate by $240 each year. Since the IRS allows depreciation based on the month the laptop is "placed in service", the $1,200 laptop actually depreciates by $20 per month.
If you don't have your own business to claim business expenses, you'll have to itemize your deductions as an employee business expense on Schedule A (the long form).
You can claim employee business expenses only if they are above 2% of your adjusted gross income. Unless you have lots of itemized deductions, claiming the business use of your laptop will only complicate your taxes. |
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Wayne Z
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Maybe.
To be deductible, the computer must be for the "convenience of the employer", not your convenience.
Has your worked asked you to use your own laptop?
Either way, out of pocket expenses for work are an itemized deduction subject to 2% of your income so the actual tax effect may be minimal if not non-existant. |
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bushnana
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You can write it off. Just don't tell anyone that you use it for personal use! |
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The answer is 42.
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If you are a W2 employee, then you can't write any of it off.
If you are your own corporation or other legal entities (LLC, etc.), sole proprietor (Schedule C), a 1099 contractor (Schedule C) then you can write the whole thing off. If it is a 50/50 thing, you can write off 50%. |
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dormi22
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You can definetly write it off on your taxes as long as you use to for business use. |
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Bob R
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no... my uncle is a cpa i asked him the same question. |
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Mr. Prefect
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If you can prove it is for business, then it is deductible. If it cost you lots of $$$, you may want to depreciate it over 5 years. |
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GG
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the only way you can use this as a tax write off is if you use it 100% for work. even if you use it for 1% personal you cant use it. |
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