What All Do Yall Claim On You Taxes Anything New This Year?
 
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Old 02-08-2009, 02:14 PM   #1
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What All Do Yall Claim On You Taxes Anything New This Year?

What are some of the tax deductions are yall using this year is there anything new we can claim?
or just so stuff that is off the wall that some of us would not think to use..

Yes, I know get a good cpa, I am trying to find one that will work with me.
This time of the year they are trying to get you in and out as fast as they can..


What i have so far:
Cell phone
Storage
Truck note
Health insurance
Auto insurance
Business insurance
Gas
Mileage
Upkeep auto and trailers
Tools
Business card interest
Advertisement


Does any one have a program that will help keep up with this stuff on a month to month time frame?

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Old 02-08-2009, 02:22 PM   #2
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Re: What All Do Yall Claim On You Taxes Anything New This Year?

Shop rental
Electricity
Hardline Phone
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Old 02-08-2009, 02:22 PM   #3
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Re: What All Do Yall Claim On You Taxes Anything New This Year?

You forgot a six pack of entertainment every night
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Old 02-08-2009, 02:25 PM   #4
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Re: What All Do Yall Claim On You Taxes Anything New This Year?

I use mileage for my vehicle expense. I've kept track for the last 3 years and all 3 years, I've come out better with mileage.

Nothing new this year other than tools that will be depreciated
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Old 02-08-2009, 02:25 PM   #5
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Re: What All Do Yall Claim On You Taxes Anything New This Year?

You need a General Ledger.It's a weekly or monthly record of all your expenditures.Dome is the one I use,I use their mileage book as well.It tells you what is a deduction and what isn't too.It makes it easy on you and your accountant.
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Old 02-08-2009, 02:29 PM   #6
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Re: What All Do Yall Claim On You Taxes Anything New This Year?

I have given a million dollars worth
of consultation on CT this year.
I have not received any money for this.
Does anyone know if this is an allowable deduction?
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Old 02-08-2009, 02:30 PM   #7
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Re: What All Do Yall Claim On You Taxes Anything New This Year?

Here is a little list

Quote:
Below is a list of tax deductions for you to consider. Use this tax write off list as a checklist/reference. All may not apply to your particular situation. And some tax deductions may be limited. Consult your tax professional or an authorized IRS tax service for maximum results.

Overhead
  • Office Rent / Home Office
  • Utilities
  • Phone / Cell Phone
  • Equipment
  • Supplies
  • Insurance
  • Internet Service
  • Computer & Related Expenses
  • Fax Machine
  • Copier / Printer
  • Maintenance & repairs
  • Upkeep (sanitation, landscaping, etc.)
(...and ANY & EVERYTHING else you can think of related to Your Overhead Expenses!)

Marketing & Advertising
  • TV, Radio, Print, Internet
  • Billboards
  • Advertising Specialties (pens, magnets, cups,etc.)
  • Automobile Signs
  • Market Research
  • Mailing List
  • Search Engine Optimization
  • Tradeshows / Booths
  • Business Cards / Promo Cards
  • Flyers
(...and ANY & EVERYTHING else you can think of related to Your Marketing/Advertising Expenses!)

Education & Training
  • Books / Ebooks
  • Workshops & Seminars
  • CDs, DVDs, Learning Software
  • Magazine Subscriptions
  • Prof. Organizations Dues
  • Tuition
  • Business Kits
  • Webinars
  • Tele-Seminars
  • Conference Calls
(...and ANY & EVERYTHING else you can think of related to Your Education & Training Expenses!)

Administrative
  • Printing
  • Copies
  • Fax
  • Phone
  • Postage
  • Stationary (bus. cards, letterhead, etc.)
  • Office Supplies
  • Computer
  • Internet Service
  • P.O. Box or Suite Box Rental
(...and ANY & EVERYTHING else you can think of related to Your Administrative Costs!)

Travel
  • Air Fare
  • Cab Fare
  • Train Fare
  • Hotel / Motel
  • Tolls
  • Permits
  • Travel Agency Costs
  • Travel Membership Costs
  • Car Rental
  • Gas / Mileage
(...and ANY & EVERYTHING else you can think of related to Your Travel Expenses!)

Auto Expenses
  • Mileage
  • Repairs
  • Insurance
  • Gas / Oil
  • Car Washes / Waxes
  • Tags / Registration
  • Vehicle Purchase
  • License
  • Parking / Toll Charges
  • Drivers Training Expense
You should look into Quickbooks
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Old 02-08-2009, 02:32 PM   #8
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Re: What All Do Yall Claim On You Taxes Anything New This Year?

Quote:
Originally Posted by Mike Finley View Post
Here is a little list



You should look into Quickbooks
And a CPA or the like. That can set it up properly for you and Teach you how to use it correctly
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Old 02-08-2009, 02:42 PM   #9
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Re: What All Do Yall Claim On You Taxes Anything New This Year?

E-mailed the accountant asking
if I can claim BOA as a dependent?
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