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#1
06-02-2006, 06:34 AM
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 Re: Travel Expenses deduction. "AA" <aatifaziz[at]gmail.com> wrote - quote - > My wife has a home in Illinois. In Feb 05, I accepted a Job
Not unless there is a legitimate business purpose.> in Texas and rented an apartment here while my wife > continued with her studies in illinois. I was sent to > Britain form Sept-Nov 05, then came back to Texas and was > paid in Texas for all this while (Feb-Dec 05). > questions: > 1. I travel to Illinois frequently. Is this expense Tax > Deductible? - quote - > 2. I paid for my wife's travel to UK while I was there.
Not unless there was a legitimate business purpose.> Is this expense Tax Deductible (Gift)? - quote - > 3. I helped my wife with paying her mortgage and property
Ah, if you file jointly, and you are able to itemize> tax. Is this expense Tax Deductible (Gift)? deductions, you both can claim the property tax and mortgage interest. If you file separately, you can only deduct the mortgage interest and property taxes if you were liable for both (ie: your name on the mortgage and property title). -- Paul Thomas, CPA paulthomascpapc[at]bellsouth.net << ================================================== ===== > << 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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02-04-2006, 02:56 AM
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| Re: Travel Expenses deduction. AA wrote: - quote - > My wife has a home in Illinois. In Feb 05, I accepted a Job
no. Your "tax home" is where your job is.> in Texas and rented an apartment here while my wife > continued with her studies in illinois. I was sent to > Britain form Sept-Nov 05, then came back to Texas and was > paid in Texas for all this while (Feb-Dec 05). > questions: > 1. I travel to Illinois frequently. Is this expense Tax > Deductible? - quote - > 2. I paid for my wife's travel to UK while I was there.
No. Gifts are not income tax deductible.> Is this expense Tax Deductible (Gift)? - quote - > 3. I helped my wife with paying her mortgage and property
Nope!> tax. Is this expense Tax Deductible (Gift)? ChEAr$, Harlan Lunsford, EA n LA Fri 3 Feb 2006 << ================================================== ===== > << 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
02-03-2006, 07:26 AM
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| Travel Expenses deduction. My wife has a home in Illinois. In Feb 05, I accepted a Job in Texas and rented an apartment here while my wife continued with her studies in illinois. I was sent to Britain form Sept-Nov 05, then came back to Texas and was paid in Texas for all this while (Feb-Dec 05). questions: 1. I travel to Illinois frequently. Is this expense Tax Deductible? 2. I paid for my wife's travel to UK while I was there. Is this expense Tax Deductible (Gift)? 3. I helped my wife with paying her mortgage and property tax. Is this expense Tax Deductible (Gift)? Please advise me with this complex situation. Regards << ================================================== ===== > << 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. > << ================================================== ===== > |
| Tags |
| deduction, expenses, travel |
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