Expenses-Get Free Tips On Business Expenses, Living Expenses, FSA Eligible Expenses

Chip G asked:


I had a relative die and paid the funeral expenses personally, expecting to be paid back by the estate. Subsequently, I found that the estate was insolvent. No one, myself included, is going to probate the estate. There was literally no cash on hand and the debts dwarf the assets, so there’s no way to even get an attorney paid. Can I deduct the funeral expenses from my federal income tax as a bad debt?

Gracie Caposole

John T asked:


I would like to get an idea of the most common used expenses listed in a teacher’s itemize sheet when filing their taxes. I understand it has to be work related but I would like to see samples of these items.

Thanks,
John

Kent Williams

Ashley S asked:


I will be selling items from a catalog as a fundraiser for a friend with cancer. My question is can I keep a small portion of the profits to cover my expenses (gas money because we will be using my car to deliver the goods, time away from work) or do I legally have to give all the profits to the charity? I don’t want to break any laws. Any advice?

Reynaldo Fahrenthold

Brookie asked:


I know that “spending money” is given the the student and the host family covers food and a place to sleep, but does the host family have to pay for school (if the children of the family — if there are any — go to private school) or expenses beyond that

Grant Reta

mani_shayesteh asked:


I have planed to travel to Winnipeg this Summer ,how much should I have for my expenses per month ?(Except accommodation)
I don’t drink alcohol,

Rebbeca Mead

Bill P asked:


The vehicle is a 2007 pickup in good condition. It is used 90-95% of the time by my son, my only employee, for business use. Since it is all my money, should I use truck payments, insurance, gas etc as business expenses or should I keep those individual expenses off the books and reimburse myself mileage as an expense? This is not a tax question, only a bookkeeping question.

Timothy Friest

John Y asked:


I am 20 years old and I have just gone back to school. I’m about to be a sophmore and I’ve decided to go into a nursing program at a community college. Unfortunately, me and my mom can’t stand each other since my father’s death and she’s kicking me out. Can I get student loans to help me pay for an apartment and other living expenses until I graduate? I haven’t had a job b/c i’ve been helping my mom in her family owned business.
How much is too much? I’m afraid of borrowing too much?

Roxann Gromoll

Michael T asked:


I am on an FSA, and I have receipts dating back to 2006 for various medical expenses. I’ve never seen requests for documentation once the plan year has passed. I’d like to throw some of them out. Can I?
FSA = Flexible Spending Account for healthcare expenses in the US.

Ken

Lexi asked:


I recently got screwed in overdraft fees (total amount overdrawn: 45 dollars vs 300 in fees) because the bank held my expenses until something bigger came along that put me in the negative.

What’s the policy called?

Christina

Melissa asked:


I’ve just accepted a job across the country and they’ve told me that they will pay up to $6000 in moving expenses. I am very excited about this, but they pay through reimbursement. I am a graduate student with not-so-great credit (due to living with virtually no income for the past several years) so I don’t even qualify for a credit card. How can I get the money to pay for my moving expenses so that I can make this move and get reimbursed for it?

Susan