TAX TIP OF THE DAY... deduct lawn care!
Can lawn care expenses be claimed as a deduction? Yes, they might, but your house will have to be your workplace and the state of your lawn would need to have some relevance to your success. That would be the case if customers or business contacts regularly visited your home office. In court, a sole proprietor successfully deducted lawn care expenses as business expenses because he met with clients in his home office. SHARE WITH A FRIEND. If you need a tax appointment... www.baboiancpa.com TAX TIP OF THE DAY... deduct international travel!
Can a business trip qualify for a tax deduction? Any business trip viewed as “ordinary and necessary” to the course of doing business by the IRS is eligible for a deduction. In one case, the owner of a dairy took a trip to Africa to conduct research on wild animals, and successfully claimed it as a business expense because it was relevant to his business. source: www.efile.com SHARE WITH A FRIEND. If you need a tax appointment... www.baboiancpa.com TAX TIP OF THE DAY... deduct gym memberships?
Is the cost of getting in shape deductible? It is, if your doctor signs off on it, and tells you that your life might be in danger if you don't start exercising and lose weight. The cost for remedies that help you drop a few pounds, improve your heart rate, or reduce your cholesterol might all be deductible. source: www.efile.com SHARE WITH A FRIEND. If you need a tax appointment... www.baboiancpa.com TAX TIP OF THE DAY... deduction for smokers
Is quitting smoking a deductible medical expense? Yes, you might qualify to deduct expenses for smoking cessation programs, nicotine patches, stop-smoking aides, etc. You can deduct even if you are not successful. source: www.efile.com SHARE WITH A FRIEND. If you need a tax appointment... www.baboiancpa.com TAX TIP OF THE DAY... Can a swimming pool be a tax deduction?
If you have a medical condition that would improve with a swimming pool exercise regimen, your swimming pool expenses might qualify as a deductible medical expense. That's what happened in the case of an arthritis patient who was prescribed to swim frequently in order to treat his condition. He installed a swimming pool on his property and deducted the expenses from his taxes. After some investigation, the IRS approved the deduction, but if the pool were used for recreational purposes, it wouldn't have been approved. source: www.efile.com SHARE WITH A FRIEND. If you need a tax appointment... www.baboiancpa.com TAX TIP OF THE DAY... Is cat food deductible?
Yes, under certain conditions the cost cat food might be considered a legitimate deductible expense. A junkyard owner bought cat food to attract local stray cats in order to drive away mice and rats. He claimed it as a business expense and it was approved by the IRS. The average house cat will likely not qualify because the cat would need to perform some task associated with the upkeep of a business. source: www.efile.com SHARE WITH A FRIEND. If you need a tax appointment... www.baboiancpa.com TAX TIP OF THE DAY... deduct airfare to inspect a rental propery
Are airfare and private airplane expenses deductible? A couple owned a rental property 7 hours away by car. To save time and money, they bought a private airplane and were able to deduct airplane expenses for the property management trips. And if you don't own an airplane, coach airfare would be deductible for the same purpose. SHARE WITH A FRIEND. If you need a tax appointment... www.baboiancpa.com TAX TIP OF THE DAY... deduct the babysitter while you volunteer
Can babysitter expenses be deducted? A mother claimed her babysitter expenses as a deduction because she was performing charitable deeds while she was away from her child. This would mean that you pay somebody to look after your child while you work for no pay for a charity. In this case the tax court rejected and overruled an IRS revenue ruling when, despite not having the money go directly to a charity, a parent used the baby sitter expense as a charitable contribution while volunteering for a charity. source: www.efile.com SHARE WITH A FRIEND. If you need a tax appointment... www.baboiancpa.com TAX TIP OF THE DAY... deduct clarinet lessons
Can clarinet lessons be a deduction? Yes. A parent was able to deduct the expenses for clarinet lessons for her child because she claimed it corrected her child’s overbite. This was based on a 1962 case where an orthodontist argued that playing the clarinet helps correct a child's overbite. source: www.efile.com SHARE WITH A FRIEND. If you need a tax appointment... www.baboiancpa.com TAX TIP OF THE DAY... deduct pet moving expenses
Are pet moving expenses deductible? YES! If you have a job related move of more than 50 miles, you can deduct moving expenses. Include the costs of moving your cat, dog, bird, fish, python, or whatever pet you might have from your current or old home to your new home. SHARE WITH A FRIEND. If you need a tax appointment... www.baboiancpa.com |
Details
AuthorDavid S. Baboian, CPA Archives
February 2018
Categories |