Small Business
The most frequently asked tax questions related to Small Business
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Answer Tax QuestionsMusician - formal wear
Asked Wednesday, December 20, 2000 by an anonymous user
Generally, if your job requires you to wear expensive clothing you may not claim a deduction.
A deductions for work clothes have been allowed for musicians formal wear. Speak to your local CPA about the deductibility of your formal wear.
A deductions for work clothes have been allowed for musicians formal wear. Speak to your local CPA about the deductibility of your formal wear.
Construction worker - overalls
Asked Wednesday, December 20, 2000 by an anonymous user
Special work clothes that protect you from injury are deductible.
They include Steel tipped safety shoes, hard hats, gloves etc. You may not deduct the costs of overalls or aprons that protect your regular clothing.
They include Steel tipped safety shoes, hard hats, gloves etc. You may not deduct the costs of overalls or aprons that protect your regular clothing.
Union - Campaign costs
Asked Wednesday, December 20, 2000 by an anonymous user
Any campaign costs incurred for running for any union office are not deductible.
Union - Unemployment benefit fund payments
Asked Wednesday, December 20, 2000 by an anonymous user
No. Voluntary payments to a union unemployment benefit fund are not deductible.
Union - Strike fund payments
Asked Wednesday, December 20, 2000 by an anonymous user
Voluntary payments to a union strike fund are not deductible.
Dues - Booster Club
Asked Wednesday, December 20, 2000 by an anonymous user
Dues paid a community booster club conducted for the purpose to attract tourists and settlers to the locality where the members do business are deductible as a miscellaneous itemized deduction on IRS Schedule A subject to the 2% MAGI limitation.
Dues - Securities Dealer
Asked Wednesday, December 20, 2000 by an anonymous user
The dues you pay the stock exchange as a securities dealer are deductible as a miscellaneous itemized deduction on IRS Schedule A subject to the 2% limitation.
Is the amount I pay my trade association deductible ?
Asked Wednesday, December 20, 2000 by an anonymous user
Amounts you pay your trade association are deductible if the trade association is conducted for the purpose of furthering the business interests of its members. The amount is deductible as a miscellaneous expense on on IRS Schedule C.
Trade association costs
Asked Wednesday, December 20, 2000 by an anonymous user
Amounts you pay your trade association are deductible if the trade association is conducted for the purpose of furthering the business interests of its members.
The amount is deductible as a miscellaneous itemized deduction on IRS Schedule A subject to the 2% MAGI limitation.
The amount is deductible as a miscellaneous itemized deduction on IRS Schedule A subject to the 2% MAGI limitation.
