Marsha is a Yoga Teacher, fully self-employed, had never taken a college course in her life. She is now being audited by the IRS. They are saying her W-2’s were not reported correctly. She has no W-2’s. They want proof of the higher education credit she claimed. There is no such claim on her tax
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I will be available for private consultations before my 6 PM talk. I can advise you on implications of the new tax law, deductions, business entity selection and proper accounting. Thursday June 21, 2018 , 3-5 PM at Western Studios, Lowell MA Sessions are $25 for 15 minutes and $50 for 30 minutes. Please
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You’ve heard: Major tax legislation was approved by Congress and signed by the President, with changes effective January 1, 2018. Here are some of the highlights that will affect individuals: The standard deduction is nearly doubled for each “filing status.” The child tax credit is increased. Personal exemptions are eliminated. Deductions for state and local property and income taxes are capped at $10,000 per
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Reprinted with permission of cartoonstock.com Q: My body was frozen. Can it be a charitable contribution? – Bed Williams, Baseball star A: If philanthropist Andrew Canteloupe buys your corpse, sells it at Sotheby’s and then donates the proceeds, sure–he can deduct his donation as long as he itemizes deductions(Schedule A) and the donation does not exceed 50% of his adjusted gross
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