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If a taxpayer wants to deduct the legal fees of guardianship, then part of these legal fees will need to have to do with the taxpayer trying to collect money for the guardianship. For example, if the guardian receives any child support or other unearned income from the guardianship, separate tax papers need to be filed.
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What are A-T-L Fringes in the movie business?
Out of Town - per Diem expenses usually used to differentiate between expenses for tax jurisdiction purpose's.
What is guardianship?
Guardianship is the position of acting as a guardian to someone or something.
Is child support tax deductible if not then why?
Unlike alimony, child support is not tax-deductible and the receiving parent does not have to pay taxes on the income. Why? Because child support is designed to replace the additional resources lost when the parents divorced. If you were still married, you wouldn't be able to deduct the cost of little league uniforms or a new dress for the prom. As a parent it is your responsibility to provide financially for your child, whether he lives with you or not.
How can i get guardianship of my 15 year old niece in indiana?
How can I get guardianship of a 15 year old whose parents live outside the US.
How is guardianship acquired?
In general, guardianship can be acquired in two ways: either by assumption as the biological parents or through a court order. Legal guardianship is considered to be binding until the death of the guardian, the authority is terminated by court order or the child reaches the age of majority. However, it should be noted that there are different types of guardianship, some of which can be granted on a temporary basis even if the primary guardian has not relinquished authority over the child.
Is funeral expenses tax deductible?
NO. Funeral expenses are NOT deductible on the individual 1040 income tax return.
Are funeral expenses deductible?
funeral expenses are not deductible on an individuals tax return as they are not medical expenses. However, if and individual has an estate, then the costs are deductible on their estate tax return (form 1041).
Are nursing home expenses tax deductible?
Yes, nursing home expenses are considered to be tax deductible. However, the person deducting these expenses on their tax return must have receipt proof of the items bought.
Which college expenses are tax deductible?
There are a few college expenses that are tax deductible. Tuition up to $4,000 can be deducted. Speak with an accountant for more details.
Are dry cleaning expenses tax deductible?
Yes, dry cleaning expenses are tax deductible. If you don't know where to put it on your taxes, ask an accountant.
Are expenses related to learning disabilities tax deductible?
No they are not deductible in most cases.
Are nursing home expenses deductible?
Yes, nursing home expenses are considered to be tax deductible. However, the person deducting these expenses on their tax return must have receipt proof of the items bought.
Are job search expenses tax deductible?
Yes
Are federal tax payments deductible expenses for a corporation?
No
Is rent expense deductible with the IRS?
No. Personal expenses are not deductible on your 1040 income tax return.
Are the tax preparation expenses deductible?
Yes. If you itemize your deductions.
Are pets' medical expenses tax deductible?
Only if you are in the business of selling or caring for pets. Your own pets' expenses are not deductible even if you are in the business.
