Deductions and Write-Offs
The most frequently asked tax questions related to Deductions and Write-Offs
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Answer Tax QuestionsWhat are the tax court guidelines for determining if a convention trip is business or personal ?
Asked Tuesday, January 16, 2001 by an anonymous user
Generally, the tax court guidelines for determining if a trip is business or personal is (a) The primary purpose of the trip is business related, (b) the amount of time spent on personal activity compared with the amount of time spent on the business activity, (c) the location of the convention.
Are the travel costs I incurred to see my Attorney about my investments deductible ?
Asked Wednesday, January 03, 2001 by an anonymous user
Travel costs to speak with your attorney, CPA, investment advisor about your investments or the production of income can be deducted as a miscellaneous itemized deduction subject to the 2% AGI limitation on IRS Schedule A.
Are the travel costs I incurred to see my CPA about my investments deductible ?
Asked Wednesday, January 03, 2001 by an anonymous user
Travel costs to speak with your attorney, CPA, investment advisor about your investments or the production of income can be deducted as a miscellaneous itemized deduction subject to the 2% AGI limitation on IRS Schedule A.
Are the travel costs I incurred to see my accountant about my investments deductible ?
Asked Wednesday, January 03, 2001 by an anonymous user
Travel costs to speak with your attorney, CPA, investment advisor about your investments or the production of income can be deducted as a miscellaneous itemized deduction subject to the 2% AGI limitation on IRS Schedule A.
Are the travel costs I incurred to see my Investment advisor about my investments deductible ?
Asked Wednesday, January 03, 2001 by an anonymous user
Travel costs to speak with your attorney, CPA, investment advisor about your investments or the production of income can be deducted as a miscellaneous itemized deduction subject to the 2% AGI limitation on IRS Schedule A.
Blood donation to the Red Cross - deductible ?
Asked Tuesday, January 02, 2001 by an anonymous user
No. Blood donation to the red cross or hospital or other blood banks is not tax deductible.
Donation to International Charitable organizations
Asked Tuesday, January 02, 2001 by an anonymous user
Generally, No. Contributions to a foreign charitible organizations or to foreign governments are not tax deductible unless the organization obtained 501 (c) 3 designation from the IRS.
Fair rental value of office used by Red Cross
Asked Tuesday, January 02, 2001 by an anonymous user
You may not deduct the rental value of property you allow a charity to use without charge.
U.S. Savings bonds - donation
Asked Tuesday, January 02, 2001 by an anonymous user
U.S. savings bonds are nonnegotiable and are not transferrable. You may not donate U.S. savings bonds. You can cash the bonds in and then donate the proceeds or turn the bonds in and have them reissued in the donee's name.
