 Does anyone know anything about the IRS????????? |
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 If I make salary on a job, and they deduct my pay because I was sick is that illegal? |
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 My accountant failed to file my business return on time and I now owe a penalty. Any good advice? |
| My accountant was always really good up until this year when he kind of went off the deep end with some personal issues. He assured me that he'd file my business return on time and when he didn&... |
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 Ability to deduct mortgage interest on schedule A? |
| My brother and I plan to purchase a property 50/50. I am to live in the home and pay my brother rent for his half. Will i be able to deduct my half of the mortgage interest as a personal expense on ... |
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| Do you believe this? |
Can someone earn £36000 a year gross by working the following way!
1st job- 35 hours per week- £14000 per annum
2nd job- 30 hours per week- £11000 per annum
3rd job- self ... |
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 When will I receive my "Tax Rebate" check from bush? How much will I get? |
| I filled single with one dependent. So how much should I get in total??... |
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 HOW CAN i GET STUCK PAYING THE IRS BECAUSE I AM 1099? |
| I MADE GOOD MONEY LAST YEAR BUT WITH RENT, CAR PAYMENTS, CHILD CARE AND RAISING 3 KIDS I BARELY SURVIVED LAST YEAR NOW MY TAX GUY IS SAYING I OWE $9,000 TO IRS HOW IS THAT POSSIBLE????????... |
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 Do you have to file for taxes if you receive public assistance or welfare? |
| I never thought into it and my mother hasnt filed in a while becaue she says she was told not to file. I understood it then being that she was not working but now i need college stuff and they need ... |
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 I forgot to deduct for a charitable contribution...? |
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 Did anyone get an update through sbbt bank? |
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 Who do I call about my not getting a W2 form? |
| I haven't gotten my W2 form from my previous employer and I was wondering who I should call if I don't recieve it by January 31. Some have told me to call my employer while others have told ... |
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 What will you do with your Stimulus rebate? |
for me, i'm saving it for the June 20, and 21 race at the Milwaukee Mile. that way, i have more spending money to take along.
what will you do with yours?... |
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 The Income tax changes 22% to 20% basic and the loss of the 10p rate are you better or worse off? |
Additional Details
This is interesting because technically I am better off, but other changes mean that actually I don't really gain. My wife is worse off and as a family although ... |
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 If a company car is available for personal use are you required to keep receipts of fuel payments? |
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<3NoiZette<3 | Can I write these things off on my taxes? |
I'm an independent contractor at a local gym (as a cycling instructor). I teach both freestyle classes as well as those from the company Les Mills. I purchase my own music in addition to the pre-coreographed playlists from Les Mills, and I'm thinking about Cyclocore for cycling tips that I can use in my classes. In addition, since cycling is a niche sport I buy expensive cycling outfits that can only be used for such. Basically, what I'm asking is - can any of this be written off as a deduction on my taxes? |
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Ed Atun
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This is a troublesome area. You use those items for yourself outside of your job. For a legitimate deduction, you would have to keep an accurate log of how many hours in the gym and how many hours outside.. |
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shoredude2
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They would all be legitimate deductions. However, you may have to prove that the clothing can only be used while working. |
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Charlie Bucket
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i believe so,but you'd have to show that they were for work purposes only. |
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Judy1
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Yes except for the cycling outfits. If you are a cycling instructor, you are probably also a cyclist and would or could wear those outfits while on your own cycling rather than just while you are teaching. |
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travelguruette
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Everything except the clothes. The clothes could be used outside the classroom for your personal cycling needs, Halloween, etc. |
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jayteaou812
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Everything can be deducted. I would be very cautious of the clothes. As an independent contractor you are self-employed and all of your business expenses will be written off on Schedule C of your federal tax return. You can claim the expenses, however if you are audited the IRS will ask for you to prove all of your receipts. They will also ask you to prove that you do not wear your cycling suit anywhere other than at your workplace. In other words if you were audited they would disallow it. Click below to learn about the audit process. Good luck Joe. |
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Dave T
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The Internal Revenue Code states expenses incurred in the production of income can be deducted on your Schedule C.
I also have a problem with the clothes, If you wear them any place other than at work, then no you can not deduct them. |
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tony s
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YES you can!!! As long as you save the reciepts. The rule is if you use just for work purposes. In some cases its hard to define but in your case it is what you do. |
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Bob F
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Everything you mention except the "cycling outfits" sound like reasonable "ordinary and necessary" expenses. The outfits sound like a stretch to me since you can do your contracting without them and will probably use them for personal use as well as for production of income. |
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