Independent Contractors

Independent Contractor Audit guide - website

Asked Monday, January 08, 2001 by an anonymous user

CPA Answer:

You can find out what to expect on an udit as an independent contractor by going to www.irs.gov/bus_info/tax_pro/tax-law.html
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Where/How Do I File?

Is there a website to get an Independent Contractor Audit guide ?

Asked Monday, January 08, 2001 by an anonymous user

CPA Answer:

You can find out what to expect on an audit as an independent contractor by going to http://www.irs.gov/businesses/small/article/0,,id=108149,00.html These Audit Techniques Guides (ATGs) help IRS examiners during audits by providing insight into issues and accounting methods unique to specific industries. While ATGs are designed to provide guidance for IRS employees, they’re also useful to small business owners and tax professionals who prepare returns.
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Where/How Do I File?

What is the website for the General Accounting Office ?

Asked Monday, January 08, 2001 by an anonymous user

CPA Answer:

The General Accounting Office which is the overseer of the IRS website is www.gao.gov
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IRAs - Traditional

IRA - Set up fees

Asked Wednesday, January 03, 2001 by an anonymous user

CPA Answer:

The costs to set up or administer an IRA are deductible as a miscellaneous itemized deduction subject to the 2% AGI limitation on IRS Schedule A. The fees must be billed and paid separately from your regular IRA contribution.
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Travel & Entertainment

Are the travel costs I incurred to see my Investment advisor about my investments deductible ?

Asked Wednesday, January 03, 2001 by an anonymous user

CPA Answer:

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.
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Travel & Entertainment

Are the travel costs I incurred to see my accountant about my investments deductible ?

Asked Wednesday, January 03, 2001 by an anonymous user

CPA Answer:

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.
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Travel & Entertainment

Are the travel costs I incurred to see my CPA about my investments deductible ?

Asked Wednesday, January 03, 2001 by an anonymous user

CPA Answer:

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.
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Travel & Entertainment

Are the travel costs I incurred to see my Attorney about my investments deductible ?

Asked Wednesday, January 03, 2001 by an anonymous user

CPA Answer:

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.
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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

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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