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#6
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| Criswell <ssenate[at]mindless.com> wrote: - quote - > For one thing, a traveling nurse [assuming travel outside
It's my experience that this as well as most temporary> of the regular tax home area] needs certification in every > state traveled to. Whether this is paid by the > employer/agency/whatever, reimbursed, or has to be paid by > the nurse determines income and deductibility. [Just an > example] housing expenses are paid for by the agency. -- David M. Woods, EA Boston, MA 02109 Postings here are general information only and not to be relied upon as advice. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
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| "D. Stussy" wrote: - quote - > Ed Zollars, CPA wrote:
For one thing, a traveling nurse [assuming travel outside> > Vvnurse[at]scab.org wrote: > > > Can anyone refer me to a CPA who specializes in tax > > > deductions for traveling nurses? I live in Texas and want > > > to assure maximal tax savings, legally. Thanks in advance > > Well, a pure "specialist" might be difficult to find but, if > > one were to exist, other traveling nurses would likely know > > about this person. The hitch is that to "specialize" (by > > that I mean spend a majority of one's practice in that area) > > you need enough volume to make it work. > > > However, what you likely can find is a CPA who has worked > > with other traveling nurses. The key advantage will > > primarily be in communication--if the CPA "knows the lingo" > > and understands exactly how you work, they are likely to > > make it easier to surface tax issues that you might not > > otherwise communicate to a practitioner who hadn't worked > > with traveling nurses before. > > > Note that the *tax law* really isn't going to be that unique > > for traveling nurses (your lobby isn't as good as the one > > for ministers <grin> ), and the general "ordinary and > > necessary" business expense rules of Section 162 are going > > to primarily govern, along with all the standard issues > > (obviously travel will be an issue, as well as documenting > > it). > > > But the issue is that this law has to be applied to your > > facts, and someone who knows how you work and what you > > actually do day to day will likely know when there's an area > > you haven't discussed that you should look into. > Traveling is an issue here? Why? > Why isn't it just simply NOT ALLOWABLE as the taxpayer is > an itinerate and therefore takes his/her "tax home" with > him and is therefore never "away from home" in order to > take travel expenses? of the regular tax home area] needs certification in every state traveled to. Whether this is paid by the employer/agency/whatever, reimbursed, or has to be paid by the nurse determines income and deductibility. [Just an example] -- "A belief is not merely an idea the mind possesses; it is an idea that possesses the mind." Robert Bolton Criswell The Psychic Weatherman ssenate[at]mindless.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
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| D. Stussy wrote: - quote - > Traveling is an issue here? Why?
Because the issue of whether or not a person has a tax home> Why isn't it just simply NOT ALLOWABLE as the taxpayer is > an itinerate and therefore takes his/her "tax home" with > him and is therefore never "away from home" in order to > take travel expenses? isn't quite as simple as that. See the recent (2000) published Tax Court case of Marin I. Johnson, et ux. v. Commissioner, 115 TC 210 involving the captain of a merchant ship. As well, it's even possible this person could meet the generally tougher tests the IRS has tried to impose in Rev Rul 73-529. -- Ed Zollars, CPA Phoenix, Arizona << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
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| "D. Stussy" <kd6lvw[at]bde-arc.ampr.org> wrote: - quote - > Ed Zollars, CPA wrote:
Well, having done returns for traveling nurses before, they> > Vvnurse[at]scab.org wrote: > > > Can anyone refer me to a CPA who specializes in tax > > > deductions for traveling nurses? I live in Texas and want > > > to assure maximal tax savings, legally. Thanks in advance > > Well, a pure "specialist" might be difficult to find but, if > > one were to exist, other traveling nurses would likely know > > about this person. The hitch is that to "specialize" (by > > that I mean spend a majority of one's practice in that area) > > you need enough volume to make it work. > > > However, what you likely can find is a CPA who has worked > > with other traveling nurses. The key advantage will > > primarily be in communication--if the CPA "knows the lingo" > > and understands exactly how you work, they are likely to > > make it easier to surface tax issues that you might not > > otherwise communicate to a practitioner who hadn't worked > > with traveling nurses before. > > > Note that the *tax law* really isn't going to be that unique > > for traveling nurses (your lobby isn't as good as the one > > for ministers <grin> ), and the general "ordinary and > > necessary" business expense rules of Section 162 are going > > to primarily govern, along with all the standard issues > > (obviously travel will be an issue, as well as documenting > > it). > > > But the issue is that this law has to be applied to your > > facts, and someone who knows how you work and what you > > actually do day to day will likely know when there's an area > > you haven't discussed that you should look into. > Traveling is an issue here? Why? > Why isn't it just simply NOT ALLOWABLE as the taxpayer is > an itinerate and therefore takes his/her "tax home" with > him and is therefore never "away from home" in order to > take travel expenses? don't move their tax home unless they really move their tax home. They do their assignment and then come back to their base/home area. Sort of like Rickey Henderson. He's played for almost half of major league baseball but in the end he lives wherever it is that he lives, and he doesn't have a permanent home that goes with him from team to team despite his on and off field baggage, er luggage. -- David M. Woods, EA Boston, MA 02109 Postings here are general information only and not to be relied upon as advice. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
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| Ed Zollars, CPA wrote: - quote - > Vvnurse[at]scab.org wrote:
Traveling is an issue here? Why?> > Can anyone refer me to a CPA who specializes in tax > > deductions for traveling nurses? I live in Texas and want > > to assure maximal tax savings, legally. Thanks in advance > Well, a pure "specialist" might be difficult to find but, if > one were to exist, other traveling nurses would likely know > about this person. The hitch is that to "specialize" (by > that I mean spend a majority of one's practice in that area) > you need enough volume to make it work. > However, what you likely can find is a CPA who has worked > with other traveling nurses. The key advantage will > primarily be in communication--if the CPA "knows the lingo" > and understands exactly how you work, they are likely to > make it easier to surface tax issues that you might not > otherwise communicate to a practitioner who hadn't worked > with traveling nurses before. > Note that the *tax law* really isn't going to be that unique > for traveling nurses (your lobby isn't as good as the one > for ministers <grin> ), and the general "ordinary and > necessary" business expense rules of Section 162 are going > to primarily govern, along with all the standard issues > (obviously travel will be an issue, as well as documenting > it). > But the issue is that this law has to be applied to your > facts, and someone who knows how you work and what you > actually do day to day will likely know when there's an area > you haven't discussed that you should look into. Why isn't it just simply NOT ALLOWABLE as the taxpayer is an itinerate and therefore takes his/her "tax home" with him and is therefore never "away from home" in order to take travel expenses? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
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| Vvnurse[at]scab.org wrote: - quote - > Can anyone refer me to a CPA who specializes in tax
Best referral is by word of mouth. Ask other Traveling> deductions for traveling nurses? I live in Texas and want > to assure maximal tax savings, legally. Thanks in advance Nurses from your company who they use. It does not necessarily have to be a CPA; a good Enrolled Agent, whose only job is taxes, may be better. Word of mouth seems to be the best in all situations when you are looking for a pro. Cindy << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| Vvnurse[at]scab.org wrote: - quote - > Can anyone refer me to a CPA who specializes in tax
Well, a pure "specialist" might be difficult to find but, if> deductions for traveling nurses? I live in Texas and want > to assure maximal tax savings, legally. Thanks in advance one were to exist, other traveling nurses would likely know about this person. The hitch is that to "specialize" (by that I mean spend a majority of one's practice in that area) you need enough volume to make it work. However, what you likely can find is a CPA who has worked with other traveling nurses. The key advantage will primarily be in communication--if the CPA "knows the lingo" and understands exactly how you work, they are likely to make it easier to surface tax issues that you might not otherwise communicate to a practitioner who hadn't worked with traveling nurses before. Note that the *tax law* really isn't going to be that unique for traveling nurses (your lobby isn't as good as the one for ministers <grin> ), and the general "ordinary and necessary" business expense rules of Section 162 are going to primarily govern, along with all the standard issues (obviously travel will be an issue, as well as documenting it). But the issue is that this law has to be applied to your facts, and someone who knows how you work and what you actually do day to day will likely know when there's an area you haven't discussed that you should look into. --Ed Zollars, CPA Phoenix, Arizona << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
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| Can anyone refer me to a CPA who specializes in tax deductions for traveling nurses? I live in Texas and want to assure maximal tax savings, legally. Thanks in advance << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| needed, specialist, tax |
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