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What else can I help you with?
Can a coporation deduct a lease payment?
Yes, corporations can deduct lease payments. Property lease payments and vehicle lease payments are deductible in the year paid or accrued.
How can I make payments to the IRS?
You can make payments to the IRS online, by phone, through the mail, or in person at an IRS office.
Can I deduct back state tax payments on my tax return?
Yes, you can deduct state tax payments on your federal tax return if you itemize your deductions.
What about co-payments can you deduct them?
Yes, if you are itemizing medical expenses you can deduct co-pays and prescriptions.
Can you deduct COBRA payments on Schedule C?
No, COBRA payments cannot be deducted on Schedule C.
Do credit card companies report cash payments to the IRS?
No, credit card companies do not report cash payments to the IRS.
Can I deduct my auto donation to charity on my taxes?
Yes, the IRS allows you to deduct your vehicle donation from your taxes. Visit IRS.gov for any forms you may need.
Can I deduct IRA contributions on my taxes?
Yes, you can deduct traditional IRA contributions on your taxes, up to certain limits, if you meet the eligibility criteria set by the IRS.
Can the IRS garnish alimony and child support payments paid monthly?
The IRS does not garnish these payments (except from their employees). The IRS will, at the State's request, intercept tax refunds to collect unpaid child support.
How many years can you deduct state income payments from your federal taxes?
20
Can I made payments to the IRS online?
You can make payments online quite easily to the IRS. The IRS has provided several easy to use payment options now so it is easier than ever to pay for taxes.
Can you deduct therapy expenses on your taxes?
Yes, you may be able to deduct therapy expenses on your taxes if they are considered necessary medical expenses and you meet certain criteria set by the IRS.
