Can a law student write off law school when filing taxes if it helps advance his career?
The Tax Court has decided that law school is a new profession and therefore not deductible. On the other hand, there are times other advanced...
Skokie, IL
Tax Lawyer at Skokie, IL
Practice Areas: Tax, Corporate & Incorporation, Litigation
The Tax Court has decided that law school is a new profession and therefore not deductible. On the other hand, there are times other advanced...
Whoever the divorce decree specified as being able to claim the dependents is who should claim them.
Child support is not deductible. Alimony, however could be.
As suggested, you should immediately retain a tax attorney to help you resolve this situation. With appropriate help you may be able to quickly...
It is nearly impossible to estimate how much your income taxes will be. Regarding forming your company as a corporation, this likely will cause...
You may still be able to claim him as a dependent even if he lives on his own or in another state. You should discuss with your tax prepararer...
Yes, you can amend your tax return to include your son and step son if they satisfy the dependent tests, as it sounds that they do. You should...
Hi there! As mentioned, the IRS has been increasingly vigilant in going after companies who 1099 those that should be W-2 employees. This should...
Many of the items you mentioned can be written off as business deductions. As Attorney Nielsen mentioned, it may be beneficial to form a business...
While those may be the statutory tax rate, your effective tax rate is the percentage you actually pay. A good CPA or tax attorney can help reduce...