Tutu deductibility……. maybe…..it depends why you are wearing it. If the clothing you buy for work is not adaptable for use outside of work then sure you can deduct it. BUT, if you are an accountant that just likes to wear a tutu to work? Well… I am assuming that outfit is NOT a requirement […]
Looking to clear out some room by getting rid of old tax returns? Well here is a guide of when you can finally get rid of them courtesy of the good ole IRS. I’d recommend clicking the link and reading all about it but here is a handy snippet: Period of Limitations that apply to […]
Is it a business or a hobby? Well, the answer to that makes a big difference when it comes to tax ramifications. So….you are in Florida all winter, basking in the glow of the sun. You buy yourself a handy dandy metal detector and you spend 2 hours a day scouring that beach looking for […]
How about a tax deduction? Any takers? Well if you itemize, you may be able to claim your charitable contributions on your tax return. Here are some things to keep in mind: Does the organization qualify? – The organization to which you contribute must be a qualified organization. The IRS offers a tool to search […]
