Are Research Expenses of a College Professor Deductible as an Employee Business Expense?
Mar 20, 2011
If you are a college professor, you can deduct your research expenses, including travel expenses, for teaching, lecturing, or writing and publishing on subjects that relate directly to your teaching du...
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Are Job Search Expenses Deductible?
Mar 20, 2011
You can deduct certain expenses you have in looking for a new job in your present occupation, even if you do not get a new job. You cannot deduct these expenses if:
You are looking for a job in a new...
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Is Home Office Deductible as Employee Business Expense?
Mar 20, 2011
If you use a part of your home regularly and exclusively for business purposes, you may be able to deduct a part of the operating expenses and depreciation of your home.
You can claim this deduction f...
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Are Educator Expenses Deductible?
Mar 20, 2011
If you were an eligible educator in 2010, you can deduct up to $250 of qualified expenses you paid in 2010 as an adjustment to gross income on Form 1040, line 23, rather than as a miscellaneous itemize...
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Which depreciation method to use to depreciate computer used for business expense?
Mar 20, 2011
Which depreciation method to use. The depreciation method you use depends on whether you meet the more-than-50%-use test.
More-than-50%-use test met. You meet this test if you use the computer more th...
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Is Depreciation on Computers deductible as an employee business expense?
Mar 20, 2011
You can claim a depreciation deduction for a computer that you use in your work as an employee if its use is:
For the convenience of your employer, and
Required as a condition of your employment.
...
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Is a business bad debt deductible as an employee?
Mar 20, 2011
A business bad debt is a loss from a debt created or acquired in your trade or business. Any other worthless debt is a business bad debt only if there is a very close relationship between the debt and ...
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Dues to Chambers of Commerce and Professional Societies
Mar 14, 2011
You may be able to deduct dues paid to professional organizations (such as bar associations and medical associations) and to chambers of commerce and similar organizations, if membership helps you carr...
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Nondeductible Expenses
Mar 14, 2011
You cannot deduct the following expenses.
Adoption expenses.
Broker's commissions that you paid in connection with your IRA or other investment property.
Burial or funeral expenses, including the...
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Other Itemized Deductions
Mar 14, 2011
You can deduct certain other expenses as miscellaneous itemized deductions subject to the 2%-of-adjusted-gross-income limit. On Schedule A (Form 1040), line 23, or Schedule A (Form 1040NR), line 11, yo...
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