TaxConnections

Ask Tax Question
If I Bring My Dog To A Pet Show In California And He Wins A Money Prize, Am I Required To Pay Taxes If I Am Bringing My Dog In From Another...
User Photo William Keats
Tax Professional Level: Master Tax Advisor

I am assuming your dog is a 'show dog'. Since this is a dog show and he wins a money prize, I believe you will receive a 1099-MISC tax form in January or February, requiring you to report the amount won. However,...   Read More
What Should I Consider When Setting Up A Pet Trust For My Animals?
User Photo William Keats
Tax Professional Level: Master Tax Advisor

More and more taxpayers are setting up accounts for their pets. Trusts are expensive to establish. I would leave my pet a designated amount in my will, and would probably set up the account ahead of time at a...   Read More
0 0 Pet Trust
My Husband And I Are Moving Our Home From Alaska To Texas For His New Employer. We Have A Few Pets That Need To Be Transported Including A...
User Photo Harold Goedde
Tax Professional Level: Tax Enthusiast

You can only deduct moving expenses for your family, which does not include horses. Dogs and cats most likely will be in your car .For 2012, the deducible expense for driving your car is 23 cents per mile (24...   Read More
I Have A Successful And Growing Pet Grooming And Care Business. What Expenses Am I Legally Allowed To Write Off? The Reason I Am Asking Is...
User Photo William Keats
Tax Professional Level: Master Tax Advisor

I am assuming you do not have start-up or organizational costs at this point, and that the business has been ongoing for some time A deductible business expense is any expense that is ordinary . (common and...   Read More
Recently, I Was Asked To Host A Dog In My Family Home For A Period Of Time Before It Was To Be Turned Over To A Non Profit Organization For...
User Photo William Keats
Tax Professional Level: Master Tax Advisor

The best way to do this is to set up a record book or journal documenting the expenses incurred for the dog. Since this is a volunteer no-income situation, it will qualify as a charitable contribution to the .non-...   Read More
Can My Small Business Deduct The Cost Of A Guard Dog? Our Business Neighborhood Has Changed Considerably We Need One For Protection.
User Photo William Keats
Tax Professional Level: Master Tax Advisor

If the neighborhood is such that you require the services of a guard dog, it is my opinion that the daily costs expended in maintaining this animal for security purposes are deductible for tax purposes. Be sure to...   Read More
I Donated My Old Automobile To A Charitable Organization In 2012. What Type Of Documentation Is Required To Write This Off On My Tax Return?
User Photo Kathryn Morgan
Tax Professional Level: Master Tax Advisor

There is a form 1098C that the organization must give you and the car goes on the form 8382. This will carry the allowed deduction to your Sch A for itemized deductions. The deduction is going to be based on the...   Read More
We Have A HUD Statement On The Closing Of Our Home We Just Refinanced. Is Any Of This Deductable?
User Photo Lisa Nason CPA, MST
Tax Professional Level: Tax Enthusiast

If the mortgage refinance was for your main or second home then you are only allowed to deduct qualifying points over the life of the loan. Qualifying points are usually fees paid to the lender for the loan. Bank...   Read More
Can I Deduct The The Assessed Real Estate Taxes On My Property To Include Water?
User Photo William Keats
Tax Professional Level: Master Tax Advisor

If the assessment for the water is included on your tax bill, it is deductible.   Read More
Recently I Received A Notice From The IRS Regarding A Tax Matter From 2010. I Am Trying To Communicate With Them Via Email But It Is...
User Photo Kathryn Morgan
Tax Professional Level: Master Tax Advisor

The IRS doesn't communicate via email for your safety. They require phone or signed correspondence to verify your identity. Email is way to easy to fake or hack to be putting all the info necessary to steal your...   Read More
0 0 IRS


Meet Leading Tax Advisors

User Photo John Stancil

Lakeland, Florida, USA

Tax Advisor/CEO

User Photo Peter J. Scalise

New York, New York, USA

Federal Tax Credits & Incentives Practice Leader

User Photo John Dundon, II EA

Denver, Colorado, USA

Tax Director

 

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

Log into Tax Connections

Not a member?    Register Now For a Free Account
I've forgotten my password

INCREASE KNOWLEDGE WITH EVERY ISSUE OF TAXCONNECTIONS

 

Learn from tax advisors, straight to your inbox

Update My Email Address
Contact Us Today