Archive for August, 2009
Wanda R asked:
My husband is a minister and receives a housing allowance. He does all of his clergy business activities from his home office. But he also has a different home-based business where he conducts the business from the same home office. Can he deduct the expenses such as mortgage interest, utilities, etc. from the housing allowance and also deduct those same expenses for his home based business?
Loretta Loseth
My husband is a minister and receives a housing allowance. He does all of his clergy business activities from his home office. But he also has a different home-based business where he conducts the business from the same home office. Can he deduct the expenses such as mortgage interest, utilities, etc. from the housing allowance and also deduct those same expenses for his home based business?
Loretta Loseth
Shayne asked:
My partner and I used our personal vehicles for conducting businnes related activities last year but we also used them primarily for our “real” jobs. Can we deduct the mileage we used for the business as well as maintenance expenses on the vehicles if we are a general partnership?
Andrew Jeancy
My partner and I used our personal vehicles for conducting businnes related activities last year but we also used them primarily for our “real” jobs. Can we deduct the mileage we used for the business as well as maintenance expenses on the vehicles if we are a general partnership?
Andrew Jeancy
xxmadonna722xx asked:
My boyfriend and I recently started up a small home business, and being that tax season is coming we were wondering on something.
My boyfriend and I recently started up a small home business, and being that tax season is coming we were wondering on something.
1. What percent of a tax preparer’s and accountant’s fees are tax deductible for our business?
2. The tricky part- my boyfriend (he is the business owner) would be paying for these expenses with his own personal money, not money profited from the business. Does this matter?
We are a C-Corporation as well.
Royce Baradi
masugidsk8r asked:
I’m applying for a student loan from CitiAssist and I believe it will be sent directly to the school. I am borrowing more than the COA – Aid because I can’t afford the books, transportation and food expenses.
I’m applying for a student loan from CitiAssist and I believe it will be sent directly to the school. I am borrowing more than the COA – Aid because I can’t afford the books, transportation and food expenses.
So if the money is disbursed to the school, how can I get the extra money to pay off my other expenses?
Ernie Friesner





















