Personal Taxes

In the current year, generally, if you are not considered a highly compensated employee or officer, or corporate director or owner of 1% or more of the company, and you are asked to work outside your regular hours, (considered unsafe circumstances) then only $1.50 per each one way commute is taxable from the payments you receive for taxi's.
The excess over $1.50 is tax free.

If you are not considered a highly compensated employee or officer, corporate director or owner of 1% or more of the company and your employer pays for your taxi because you are working in a "unsafe" area, then only $1.50 for each one way trip is taxable to you. Speak to your local CPA about the "unsafe" definition and the taxi payments deductibility.

The rental allowance is tax free if the entire amount is used to pay rent and utilities. The church must officially designate the minster's compensation as rental allowance for it to be considered tax free. Retired ministers also qualify if the allowance is furnished in recognition of past services.

The rental allowance is tax free if the entire amount is used to pay rent and utilities. The synagogue must officially designate the rabbi's compensation as rental allowance for it to be considered tax free. Retired rabbis also qualify if the allowance is furnished in recognition of past services.

No. You cannot exchange U.S. real estate for real estate in a foreign country tax free. A person will not have to pay taxes on gains realized on "like kind" exchanges of investment or business property.

On Form 1040, your income tax liability is calculated on your "Taxable Income". Taxable Income is your Adjusted Gross Income, minus either your (itemized or standard deduction) minus the deduction for your personal exemptions. In 2011 it is located on IRS Form 1040 line 43.

An employee or self-employed individual may deduct as an adjustment to gross income the costs of moving him or herself and his or her family from one location to another. The move has to be related to starting work in a new location and the amount claimed has to be reasonable. In order to claim this deduction the distance between the new job location and your old house location must be at least 50 miles or more than the distance between your old job location and your old house. Also you must work in a locality of the new job as a full time employee for a tleast 39 weeks during the twelve month period immediately following your arrival at the new job location. The deduction is claimed on IRS Form 3903.

No. Your pre-move house hunting expenses, temporary living expenses or expenses of selling, purchasing or leasing the old or new residence, are not deductible as moving expenses. Any meal costs while traveling to your new residence are not deductible.

Yes. Taxpayers who own or operate businesses may be eligible for the following tax incentives: Business tax credits named the Work opportunity tax credit, and the Disabled Access credit. The Work Opportunity Tax Credit is a federal tax credit used to reduce the federal tax liability of private-for-profit employers. Employers can hire from 9 different targeted groups: Qualified TANF Recipients, Qualified Veterans, Qualified Ex-Felons, Qualified Designated Community Residents (DCR), Qualified Vocational Rehabilitation Referrals, Qualified Summer Youth, Qualified Food Stamp Recipients, Qualified Supplemental Security Income (SSI) Recipients Qualified Long-Term Family Assistance Recipients.