Harlan Lunsford wrote:
- quote -

"Personal expenses (or items)" are not deductible at all -
IRC 262. That's what you called it, and that's what the IRS
called it and argued in the above TC case (for "other tax
administration expenses"). They were proven wrong.

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D. Stussy wrote:
- quote -

What on earth (or below) are you talking about?

I was referring to where one may deduct accounting fees paid
to prepare tax returns.

If I charge someone 200$ for his return and it includes a
schedule C with depreciation, home office form maybe, I
will split the invoice to denote what will next year be
properly deductible on schedule c and what on schedule a.

ChEAr$,
Harlan Lunsford
Monday, 24 Jan 2005

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maxed_out41 wrote:

- quote -

Assuming you do not operate the business as either a
partnership or corporation, it don't really matter, since
legally speaking, a proprietor (single owner) IS the
business, and vice versa.

However accountants always advise keeping things separate,
meaning a separate business checking account out of which to
pay just business expenses. Not required, just advised.

ChEAr$,
Harlan Lunsford
Monday, 24 Jan 2005

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cyberbb802 wrote:

- quote -

Not within the system. The maximum extension allowed is 6
months. However, nothing you stated is any cause to NOT
file on time (not that you need one).

- quote -

No. You will be doing that in a different tax year
(calendar year). That makes no sense.

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Harlan Lunsford wrote:
- quote -

The cost of preparing and filing a personal income tax
return is not "a personal item" - IRC 212 - as cited by TC
Memo 2003-232.

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Ok, since on the same basic subject of business write-offs.

Once a ficticous name is established, should I pay the
expenses of the business off from an account that is in the
name of the business necessarily...or will it not matter if
it's paid off from an account in just my name?

I ask this because I plan to do most of the work at home.

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cyberbb802 wrote:

- quote -

Nope, doesn't make sense.

Filing your 2004 return ( I reckon that's what you're
talking about) is a personal item, and when you pay an
accountant to prepare this return, it's still personal in
nature and you can't add that deduction to any other
business expenses. to be deductible it would have to go on
schedule a. It's not now, and won't become a business
expense just because you may go into business.

ChEAr$,
Harlan Lunsford, EA n LA
Fri 21 Jan 2005

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Hi, I live in the state of Florida and was wondering about
filing with taxes with a W-2 and 1099 forms.

Don't know if it adds any complication to this but later
this year I will be registering a ficticious name and
starting a company as well. (Usually, I just use a 1040 long
or EZ. Also, I always end up getting money back.)

Can filing be post-poned a year?

If so, what do you have to fill out to post-pone this
filing?

One reason I would like to do this is so that I can deduct
paying for an accountant to handle this filing, if this
makes sense.

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