Employee Business Expense

Power company Lineman - foul weather gear

Asked Wednesday, January 03, 2001 by an anonymous user

CPA Answer:

The costs of your foul weather gear is deductible as an itemized deduction subject to the 2% AGI limitation on IRS Schedule A.
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Employee Business Expense

Job Hunting

Asked Wednesday, January 03, 2001 by an anonymous user

CPA Answer:

You may deduct expenses of looking for a new job in the same line of work whether a new job is found or not, if it is not your first job in that profession.
Expenses incurred in seeking your first job are not deductible.
Also job hunting in a different line of work is not deductible.
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Employee Business Expense

Lobbying expenses

Asked Tuesday, January 02, 2001 by an anonymous user

CPA Answer:

Payments to an organization that devotes a substantial part of its activities to lobbying which tries to influence legislation is not deductible.
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Foreign Earnings

How much income earned abroad can be excluded ?

Asked Tuesday, January 02, 2001 by an anonymous user

CPA Answer:

For Americans working abroad, the first $97,600 of their current year foreign earnings will be exempt from U.S. income tax,
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Employee Business Expense

Fraternity payments

Asked Tuesday, January 02, 2001 by an anonymous user

CPA Answer:

No. Generally, checks written to fraternities and sororities are considered clubs for social purpose and not deductible as a charity.
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Payroll Taxes

I live in Florida , Georgia , where do I file Employer's Quarterly Federal Tax Return 941 ?

Asked Thursday, December 28, 2000 by an anonymous user

CPA Answer:

In Florida, If you are filing a form without a payment, mail Form 941 to IRS Ogden UT 84201-0005. If you are filing a form with a payment, mail Form 941 to IRS P.O. Box 105083 Atlanta GA 30348-5083 In Georgia, If you are filing a form without a payment, mail Form 941 to IRS Cincinnati Oh 45999-0005. If you are filing a form without a payment, mail Form 941 to IRS P.O. Box 804522 Cincinnati OH 4528-4522
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Payroll Taxes

Federal tax deposits - electronically

Asked Thursday, December 28, 2000 by an anonymous user

CPA Answer:

Beginning 1/1/11 you must use electronic funds transfer to make all federal tax deposits for employment tax's, corporation tax's and excise taxes.
Forms 8109- and 8109-B Federal Tax Deposit Coupons cannot be used after 12/31/10.
Generally electronic funds transfer are made using the EFTPS system. If you do not use EFTPS you can arrange for a trusted third party to make deposits on your behalf such as a payroll service or financial institution.
To enroll in EFTPS visit www.eftps.gov or call 1-800-555-4477.
Speak to your local CPA about assisting you in signing up to the Federal Tax Payment System.
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Small Business Services

How can I get a copy of the IRS Small Business Tax Guide's for the current year?

Asked Thursday, December 28, 2000 by an anonymous user

CPA Answer:

You can get a free copy of the IRS Small Business TXA Guide'S via the internet from the IRS at http://www.irs.gov/businesses/small/article/0,,id=99083,00.html and click on the desired guide.
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Payroll Taxes

I live in Connecticut ,Georgia, Illinois, Maine , Massachusetts , New Hampshire , Rhode Island , Tennessee, Vermont , NY, Virginia, where do I file Employer's Quarterly Federal Tax Return 941 ?

Asked Thursday, December 28, 2000 by an anonymous user

CPA Answer:

If you are filing a form without a payment, mail Form 941 to IRS Cincinnati OH 45999-0005. If you are filing a form with a payment, mail Form 941 to IRS P.O. Box 804522 Cincinnati OH 45280-4522
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