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Can I deduct legal expenses

Updated: 9/17/2019
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Q: Can I deduct legal expenses
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Can you deduct commuting expenses on tax return?

Only if you work in two different locations. You can deduct the expenses of getting between the locations, but not the expenses of getting to and from home.


Can you deduct home office expenses?

This could be possible if you have any qualifying home office expenses to deduct. Click on the below related links


What about co-payments can you deduct them?

Yes, if you are itemizing medical expenses you can deduct co-pays and prescriptions.


What can a registered nurse deduct on a tax return in AZ?

They can deduct their expenses for uniforms, transportation, cleaners, boats and coats. They can also deduct their expenses they did during travels seeing patients for help provided. They can also deduct small tools they bought for their services and they can deduct meals and entertainment for work related. They can deduct mileage travels during work.


How much can Nathan deduct for medical expenses?

$1275


Is legal expense an admin expense?

Legal expenses is not an admin expenses since legal expenses ararise due to legal issues of the organization. legal expenses are not recurring expenses by nature. Example of legal expenses are feees paid to the professional to represent the legal issues before the competent authority.


What are expenses that a taxpayer is allowed to deduct from adjusted gross income?

exemptions


How do you put misc cash spending in tax return?

I am assuming you are referring to an individual basis. You cannot deduct miscellaneous cash spending on a personal tax return. You cannot deduct household expenses on your tax return either. You cannot deduct your regular cost of living expenses.


Is it legal to deduct inventory shortages to our salary?

Yes, it is legal


Can you deduct expenses incurred before formally beginning a business?

Certainly - If one is able to establish that expenses were related to the business


Can you use flexible spending account and claim medical expenses?

Yes but you can NOT deduct the medical expenses that are paid for from your FSA account.


Keep Track of Business Expenses?

If you are filing a 1099, the best thing you can do is keep thorough track of all your business expenses. There are many cases in which a business owner or independent freelancer will be able to deduct certain business expenses from personal income. If you do not take the time to keep track of business expenses, then you may end up paying unnecessary funds toward these expenses in filing your taxes. A typical expense that business owners are able to deduct from income is a laptop computer. It is definitely worthwhile to figure out which expenses you can deduct from your income.