 Are too many people claiming too many benefits these days? |
| I've been temping in a debt management company for the last few weeks and processing people's financial statements. More than 70% of the people are on benefits, alot of them with 4+ ... |
|
 I already filed my fed taxes. The next day, I got a 1099G for a 2006 state refund? |
I did my taxes online, and filed electronically....I don't remember ever having to report my past year state refund in past years....
What is that 1099g for, anyway? Do I HAVE to ... |
|
 I am going to pay 67% as income tax on my income? Thats Terrible... Help me...? |
| I am a telemarketer from india working for a mortgage company is USA, that company said i need to pay income tax in USA at 37% and now when i get my NET income after taxes. In India i have to again ... |
|
 Would I need to pay council tax? |
| Me and my boyfriend are moving into together .. Im a degree student and my bf is in full time work. Now because Im a student would we need to pay council tax? Whats the system for student?... |
|
 Does anyone know what time of the day they usally deposit a tax refund check? |
| We were suppose to recive it today but it has not got direct deosited yet.... |
|
 Tax question about H&R block? |
| My husband and I started a business in 2007 and we have not made any profit just yet we still bought things for the business. My husband wants to go to H&R block to have our taxes done so we have ... |
|
 20,000 pounds a year. How much would that be after tax? |
| Was looking on the net and found a job in the uk, and the salary was 20,000 .I believe that is before tax (considering that in Britain that's the way they do it) how much would it be after tax?<... |
|
 I am going to be doing my first craft show tomorrow. Should I have gotten a tax number? |
| Should I keep track of how much money I take in, so I can pay 6% sales tax to the state of Michigan? How do I report this? Do I get any discount because I paid tax on the materials I used to make ... |
|
 My wife and I are about to divorce and she refuses to file jointly on the 2007 IRS.? |
| We have been living apart for 3 years and in this time she has not been gainfully employed. She has filed separately as "head of household" to vindictively force me to pay $8000.00 for both ... |
|
 Can a job take taxes out of your check without you filling out any paperwork? |
| I work at a restaurant in NYC and we've always gotten paid without taxes being taken out of our checks. We instead claim the money and pay taxes every year to the government. I just found out ... |
|
 I haven't filed taxes in five years- I want to make it right. What will the IRS do to me? |
| Any tax attornies out there? I haven't filed taxes in five years. I think I owe about $25,000. Whats the best course of action? Can I negotiate it down? I had a nervous breakdown about 2 ... |
|
|  |
ALFimzadi | My financial advisor told me I can claim my meals, mileage, haircuts and...? |
and clothing on my taxes for my work. I am employed, not an independant contractor. I go to the location in my town twice a week, and travel 66 miles 3 days a week to another town. I don't stay over night though. My FA told me that I can claim my meals, and haircuts and clothing costs as an expense for tax deductions. I thought you could only claim meals if you stay overnight? Can I really claim my haircuts and clothing? I don't have a uniform, just a business casual dress code, and neat, kept appearance. Can someone clarify this for me? I already knew I can claim the mileage, but the other things threw me off. |
 |
 
AngeloElectro
 |
Are you an insurance agent, or a traveling salesperson? The IRS recognizes that in some occupations, money must be spent in order to perform the work according to normal expectations and standards. A police officer can deduct the cost of his haircuts, for example. In other occupations, other expenses are normal and deductible. If your company sends you 66 miles away to another location, then it's possible the mileage is deductible.
There is a class of worker called a statutory employee. This class includes officers of a charity, some insurance agents, some traveling salespeople, some delivery drivers, and some home workers. Statutory employees are paid on a w-2, and they report their gross income, and work related expenses on schedule C. They are treated as employees regarding Social Security and Medicare, so they are not subject to self employment tax.
http://www.irs.gov/charities/article/0,,id=131138,00.html
http://www.irs.gov/businesses/small/article/0,,id=99921,00.html
On Form 2106, expenses you could deduct would be those that exceed any per diem amount given to you by your company.
I would give your financial adviser the benefit of the doubt. It's very possible that he is right about the deductions. Travel expenses, meals, haircuts could be allowable expenses. Generally, you can deduct 50% of the unereimbursed cost of meals while traveling away from home on business.
Double check about the clothes. Usually, casual clothes and shoes that are suitable for every day wear off the job are not deductible.
In any event, it doesn't hurt to keep track of all your expenses so you can sort it all out at the end of the year. Keep a log of your expenses for each trip, or each week, or month, and keep your receipts organized. Even if some expenses are not deductions, it's good to have the records, and keep track of your budget.
Good Luck |
|
Wayne Z
 |
Financial Advisors give notoriously bad tax advice (not as bad as Real Estate Agents but bad none the less).
Haircuts and normal clothing are never deductible. Even for military personnel, where haircuts are required, they are not deductible.
Unreimbursed meals with a client (or potential client) are deductible but not meals on your own. We all have to eat. |
|
Judy1
 |
Get a new financial advisor, or hope their advice on financial matters is more accurate than their advice on tax matters. The person is way off base on the tax advice.
If your clothing for the job is a uniform, not suitable for wear outside of work (whether you actually wear the clothing other places or not) could be deductible to the extent that it exceeds 2% of your income. Uniforms would be for example shirts that have the company name on the back. Your regular business casual clothes - no way can you deduct them.
As for mileage, if that's your regular place of business, no, it would be considered commuting - so that might not even be deductible, certainly not the days you go to whatever is your regular place of business, and if that's your standard schedule, they would both possibly be considered as regular place of business. At least one of them would be, so you definitely can't deduct ALL of your mileage for all 5 days a week - you don't really give enough info as to this travel to the "other town" to give a real good answer on that - like how far away is it, is this just temporary or your permanent job duty....
And haircuts - not a chance - and meals (I assume you're talking about your lunches?) no. |
|
bmwdriver11
|
No. If the clothign can be worn for any other purpose (meaning its not a uniform) it CANNOT be deducted. Meals cannot be deducted unless they were for a business purpose like taking a client out. Haircuts- absolutely, certainly not. This guy is dead wrong and is setting you up for a major problem. I'd find a new advisor as fast as I could run out his door. |
|
Thin Kaboudit
|
You should read this, and then you should fire your "Financial Advisor"...
http://www.irs.gov/publications/p463/index.html
And if you are EMPLOYED, you cannot "claim" your travel expenses either, unless you are driving to the other town for work-related training! ( http://www.irs.gov/faqs/faq3-2.html )
Think about it, if you could really claim mileage as an employee, every truck driver who isn't an independent operator would probably be paying NO taxes! |
|
MukatA
|
No, in your case, you can't deduct haircuts and clothing. You can't even claim the mileage.
You can't claim mileage from your home to your office and back to your home. So for a location is town you can't claim. For 3 days a week to another town, you still can't claim unless you are required to go first to your office in town and then from that town office you go to office in other town. Then you can deduct mileage from first office to second office. If you follow same rule for the return journey, then you can deduct some mileage.
Another important point to note: You can deduct any employee business related expenses only if you itemize your deductions and these deductions are subject to 2% AGI limit. |
|
Gypsy Girl
 |
No you can not claim your clothing, haircuts, meals and mileage. You can only claim meals and traveling allowances if you are traveling temporarily to a different location. You can only claim mileage if you work from home and temorarily go to another location to work. If you only work 3 days a week, you can not claim mileage. I suggest you check with a tax professional about your specific situation. You may have left out some details here that allows you to claim those things. |
|
robert w
 |
u have two choices, look forward to an IRS audit or change ur "financial adviser".
hair cuts and clothing claims are RED flags for audits in ur case. mileage Might be decutable. Meals are RED flags for u .
get a better 'fa' |
|
jargent100
 |
That sound fishy. I can see mileage, and MAYBE meals, but haircut and clothing are real stretches, unless you can prove they are required for your position, which it sounds like they are not. Talk to a tax accountant rather than your FA. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 34 minutes(s) ago
| | | |
9 | 53 minutes(s) ago
| | | |
10 | 54 minutes(s) ago
| | | |
9 | 1 hour(s) ago
| | | |
9 | 6 hour(s) ago
| | | |
9 | 11 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 3 day(s) ago
| | | |
9 | 1 week(s) ago
| | | |
9 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
