Richard Streitfeld – Buddhist Mensch

Best of the Mensch
Financial Tips you may have Missed

Q: I landed a new job in sales and upgraded my wardrobe. Can I deduct the expenses? –Taylor Slow A: Nope — the tax code can be magnanimous but these are purely personal expenses. You also cannot deduct perfume, lipstick, lip balm, an electronic toothbrush or your coconut-lime shaving cream. (Okay, lipstick if it is
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Richard Streitfeld – Buddhist Mensch

How To Pay Uncle

Q: What will the IRS do with my information once they know my bank account? –E. Snowden, Moscow A: Most of my clients use direct deposit when they have a refund; it’s the fastest and most efficient way to get the money due them. Now many of these same good folks shriek at the thought
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Zen Mensch Accounting

Benefits With Friends
Some Good News In Paying For Health And Disability

This issue brings together recent developments and strategies about paying for health care and disability. It’s a complicated — but important — subject. I hope there is something useful for everyone. (And if not, there is a little family anecdote.) Q: Is there anything GOOD that came out of the last budget bill? –M. McConnell,
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Tax Client Checklist “What do I bring?”

Click on the shoebox to download a PDF The Basics Prior Year A copy of last year’s federal and state tax returns, if you’re a new client Earnings W-2 statements of employment earnings 1099-MISC statements of freelance earnings Self-employment summary of all your earnings, whether on a 1099 or not Investments Investment statements (1099’s) reporting
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