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

Chris asked:


I always had to pay out of pocket for my medical bills (doctor’s visits, etc.) because I am unemployed and my COBRA health insurance only covers a certain percentage.

Can I deduct any of what I paid for these medical expenses on my tax return?

John Winchester

angeldust asked:


I have been trying for the past two weeks to get my taxes filed. I have all the necessary w2 forms. I also have the exact amount of teaching union dues I paid over the year. I want to be able to deduct the union dues (as I was instructed I would be able to), and also see if i can deduct my teaching expenses, if possible. I have input my info into Taxslayer, H&R Block, and Citizen Tax, and none seem to allow such deductions. I was told that I will have to go a tax professional in person, but I would rather do it on my own possible.
Ideas?

Ferne Franssen

Cat asked:


I paid about $300 (not reimbursed) for food and misc. items for dogs that I fostered for a 501c rescue organization. What form do I use to claim expenses and do they need to be itemized?

Thanks in advance!

Aaron Kitamura

Bill M asked:


What exactly qualifies as medical expenses on my federal return. Can it consist of co-payements, over the counter drugs, prescribed Rx’s, etc, etc, etc…………

Also, how do you calculate how many expenses you need before you can claim them?

Irwin Timchula

sachin k asked:


pls. uregently let me know the reimbursement of expenses is fully taxable or exempted in income tax.

Madeleine Letendre

Curtis asked:


I have a local full time job (W-2 employee) that accounts for about 90% of my income. I also have a side job (1099) that I occasionally have to travel for. Can I deduct gas and hotel expenses on my tax return for the side job?

Jacquelin Tankxley

Ash asked:


I relocated from the east coast to the west. For the first 3 weeks, I stayed in a hotel. My company reimbursed my lodging expenses as nontaxable amount. I checked the IRS site & the publication 521 shows an example where temporary living expenses due to relocation is categorized as Nondeductible. Now, when I file my taxes next Jan, should I’ve to show my lodging expense reimbursement as income & have it tax deducted?

Brice Murry

Bouchon89 asked:


If the company pays for someone’s car (ex: monthly payments, gas, repairs) can the company deduct some or all of expenses ?

Alejandro Buehlman

B asked:


I work at a company where the owner is asking us to reimburse relocation expenses without taxing or 1099′ing the employee. These are expenses like the deposit on someone’s apartment, the deposit on utilities, installation/startup costs of their digital cable tv, application fee for new apartment etc. These are for employees who are being relocated within the company (not new employees).

It seems like the owner wants to avoid paying the employer share of taxes or grossing up so that the employee gets their full reimbursement. He doesn’t care if its wrong but what are the consequences? Will he just get nailed during an audit since they aren’t valid business expenses? Should we put it through payroll anyway?

He also does this for things like phone allowances or home office allowances.. reimburse people for things that do not have receipts but not through payroll or 1099′s. He only wants to pay $70 and promised the employee he’d pay them $70 (doesn’t want them taxed).
I feel like its wrong to pay those expenses but what is the wrong of it? I feel for the employee who needs the $70 to pay their cell phone or the $100 to cover increases in utitlties because they were forced to work from home, but how is it a valid work expense? Its an allowance… in essence, a bonus. If there is no receipt, you can’t document it as a business expense.
If the owner wants the checks cut out of Accounts Payable (bypassing payroll) then what? They are subject to taxes but he’s insisting we do it wrong. We could 1099 the employee at the end of the year but that seems wrong/mean.

He knows this stuff is wrong but somehow doesn’t think the rules apply to him. What are the consequences?

Can he just do that? I don’t have the authority to insist things be done correctly, I’m just supposed to put them in the system the way I’m told. I’ve spoken up but the people above me can’t seem to reason with him.

Melanie

Sundar S asked:


I am relocating from the US to India. I will be employed with an Indian company. Can I write-off my travel expenses and moving expenses when I file taxes for 2007?

Willia Lejune