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| "Arthur Kamlet" <kamlet[at]panix.com> wrote: - quote - > lamb.lost[at]gmail.com <lamb.lost[at]gmail.com> wrote:
Commuting from home to work is not deductible, but if she> > I am a full time graduate student, my wife is a physician. > > We moved mid-year (last) from another state to WA. She took > > up a job here after completing her MD in the other state. > > Her new employer here paid her relocation expenses which > > appear as income on her salary. (She works for a healthcare > > organization, she does NOT have her own practice/business). > > > She uses the car to visit the hospital when "on call", as > > well as to commute to work. On-call is defined as being > > available on the phone, and if patients are sick, she > > travels to the hospital, providing 24/7 coverage. > > > She also uses the home computer to check status of patient > > health, etc., > > > I pay full tuition for my graduate studies, and I use the > > same car as well. (I don't work). > > > Questions: > > a) Can my wife claim car expenses when she visits the > > hospital? > > b) Can I gain any tax benefits being a full-time student? > > c) Considering that she subscribes to journals(employer > > reimburses her for this), and she incurred moving expenses > > and educational expenses(during her medical internship-MD > > before she started working), what tax breaks are available > > for us? > > d) When filing taxes, do we need to use Form 2106 or > > something else for this? > > e) I'm told one can get substantial tax breaks (around > > $10,000) if one uses Form 2106. Is this a correct, lawful > > interpretation? It doesn't sound kosher. > Look at the 2106 and see the type of expenses -- generally > travel and living -- automobile expenses. > Medical journals, tools of the trade, medical uniforms, > contract labor, etc go on Schedule A but do not go on Form 2106. > In Ohio, many cities that tax income allow you to attach a > federal 2106 and deduct 2106 expenses from local income. drives from job location #1 to job location #2 during the day and uses the car for business after the first business stop, those miles are deductible, but the final trip back home is not deductible. Yes, you could conceivably have enough deductions on Form 2106 to get $ 10,000 back, but it is very unlikely that they would be of that magnitude. The tax reduction would be the amount of Form 2106 expenses (minus 2% of your Adj Gross income) multiplied by your tax bracket. It is difficult to get much benefit from Form 2106 unless you are a traveling salesman with a lot of travel expense and a lot of car mileage. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| lamb.lost[at]gmail.com <lamb.lost[at]gmail.com> wrote: - quote - > I am a full time graduate student, my wife is a physician.
Look at the 2106 and see the type of expenses -- generally> We moved mid-year (last) from another state to WA. She took > up a job here after completing her MD in the other state. > Her new employer here paid her relocation expenses which > appear as income on her salary. (She works for a healthcare > organization, she does NOT have her own practice/business). > She uses the car to visit the hospital when "on call", as > well as to commute to work. On-call is defined as being > available on the phone, and if patients are sick, she > travels to the hospital, providing 24/7 coverage. > She also uses the home computer to check status of patient > health, etc., > I pay full tuition for my graduate studies, and I use the > same car as well. (I don't work). > Questions: > a) Can my wife claim car expenses when she visits the > hospital? > b) Can I gain any tax benefits being a full-time student? > c) Considering that she subscribes to journals(employer > reimburses her for this), and she incurred moving expenses > and educational expenses(during her medical internship-MD > before she started working), what tax breaks are available > for us? > d) When filing taxes, do we need to use Form 2106 or > something else for this? > e) I'm told one can get substantial tax breaks (around > $10,000) if one uses Form 2106. Is this a correct, lawful > interpretation? It doesn't sound kosher. travel and living -- automobile expenses. Medical journals, tools of the trade, medical uniforms, contract labor, etc go on Schedule A but do not go on Form 2106. In Ohio, many cities that tax income allow you to attach a federal 2106 and deduct 2106 expenses from local income. __ Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
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| I am a full time graduate student, my wife is a physician. We moved mid-year (last) from another state to WA. She took up a job here after completing her MD in the other state. Her new employer here paid her relocation expenses which appear as income on her salary. (She works for a healthcare organization, she does NOT have her own practice/business). She uses the car to visit the hospital when "on call", as well as to commute to work. On-call is defined as being available on the phone, and if patients are sick, she travels to the hospital, providing 24/7 coverage. She also uses the home computer to check status of patient health, etc., I pay full tuition for my graduate studies, and I use the same car as well. (I don't work). Questions: a) Can my wife claim car expenses when she visits the hospital? b) Can I gain any tax benefits being a full-time student? c) Considering that she subscribes to journals(employer reimburses her for this), and she incurred moving expenses and educational expenses(during her medical internship-MD before she started working), what tax breaks are available for us? d) When filing taxes, do we need to use Form 2106 or something else for this? e) I'm told one can get substantial tax breaks (around $10,000) if one uses Form 2106. Is this a correct, lawful interpretation? It doesn't sound kosher. Please advise. Thanks and regards, lost.lamb << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| 2106, form |
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