Zen Mensch Accounting

Don’t Be A Fool, Pay On Time!
Your I.O.U. Due In Two

Hey — I have until October 15, right? I just file that handy-dandy extension while I get my paperwork in order, build up my stash of cash and then file and pay in the fall. No worries, right? Not exactly. If you are getting a refund, you can enjoy the procrastination and the government holding
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Zen Mensch Accounting

Extra $300 From Rhode Island
(if you qualify)

Every year many low-income Rhode Islanders leave money on the table.  Up to $300 can be yours if your household income is $30,000 or less. It’s not even that complicated (well, at least for a CPA). The Rhode Island Property Tax Relief Claim is available to both owners and renters who are current on their
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Zen Mensch Accounting

Is Sex Therapy Tax Deductible?
The Medical Deductions Quiz

I get asked this a lot. Actually,  yes — as long it is doctor-prescribed. (The lodging is on your own.) Clarinet lessons — Deductible “if advised by dentist for treatment of tooth defects”. (But tooth whitening to reverse discoloration — nope, this is cosmetic.) Wigs — Yes, “if doctor has advised as essential to mental
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Zen Mensch Accounting

Fashion, Charity And Death
Your Tax Questions Answered

YOUR FAQ: Can I deduct volunteer time as a charitable expense? No. Charitable contributions must be tangible and measurable — money, securities, art, real estate.  You can deduct mileage and unreimbursed expenses under some circumstances.  Read more here: Okay, I build boats for a living and this guy named Gilligan jumped ship and stiffed me. 
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