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

k4itlyn asked:


I co-own a business and when I filed the 2007 taxes we claimed a business gain. But on my personal taxes I claimed a loss from personal business expenses that I wrote off. Someone told me that the personal and business gain/loss should be the same. Is that true?

Sanford Ace

poo1ec asked:


The educational expenses have been accrued from over the past 8 years. Can I do this without suffering fom a penalty and tax? If not how much will I lose if I pull $12,000 and the IRS doesn’t consider past educational debt as a higher education expense ?

Myles Branson

MannyV3 asked:


I had no income last year and just a few thousand of expenses setting up the business. I just need to do a basic tax filing. Don’t want to pay $100 for a program. Where can I go to easily file for cheap, or free? I formed an LLC with one other person.

Adam

enamorada62001 asked:


I made less money in 2006 and had bigger tax return. This past year my business made more money but I also had more expenses then what I made so why is it that my tax return is so much less then what I received back for my 2006 return? Please help me understand…thanks.

Tambra Sonderman

James W asked:


I am considering going back to grad school this fall. I **** the thought of going into debt, and am considering cashing in my 401k for educational expenses. I was wondering how much I would get if I were to cash it in.

My 401K has around 12,300 in it at this time
My income last year was 38,000 (info for tax bracket reasons(
I live in PA..

Anyone have a rough estimate? Am I penalized if I use it for educational expenses?

Timothy Robotham

jain_sams asked:


I started a new e-commerce business in 2007 outside the US. However it is not generating any income yet and there were significant costs including inventory associated with it. Can I deduct my expenses from this business from the taxable income I earned in the US from another job? If yes, what additional documentation and forms do I need to present to the IRS. Are there special rules surrounding this that I should be aware of?

thanks,
Sam

Kira Santore

J to the R asked:


My friend is a single mother. The baby’s father is the true definition of dead beat dad. He tries to skip out on paying his child support and even tried lying to the agency about where he works so that he wouldn’t have to pay it. He works for a dance company and gets paid a lot in cash for teaching dance classes. He is dating one of the owners of the dance company so we think that he is convincing her to not take the child support out of his paycheck. The only time my friend actually gets a check is when she calls and makes several complaints to the child support agency which takes a lot of time and effort. How can she get her well-deserved child support money without hiring a lawyer or incurring a lot of expenses?
I want to clarify something. He already has a wage garnish order in place, but the employer is not complying with it. We think it has to do with the fact that he is dating the owner of the company and is convincing her to not take the garnished wages out.

Perry Shaeffer

laurenhonish asked:


My job cut my hours and I don’t get receipts from the payments that I make to other bills: credit cards, car note, phone bill, ect.

How do I show “Documentation to support all monthly expenses”?

Fumiko Blouir

Robin G asked:


The house I was renting was foreclosed on. I had no choice but to move. I don’t think it’s right that I not get my deposit back. Since the move was not my choice. I think it only right that the former owner pay my moving expenses.

Joanna

Cheryl asked:


What are the pertinent questions that I should ask when inquiring about rooms and other birthing expenses in hospitals?

Juliana Rade