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| - quote - > One more question, I appreciate this info...what NJ state
Form NJ-1040-ES. You can mail it. You do not have to file it> form do you use for paying estimated income taxes? I know > federal its 1040ES, but it's sometimes difficult to muddle > through the NJ state dept of taxation website. Is it > mantatory to file estimated taxes electronically every > quarter? electronically. Bob Sandler << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| - quote - > If you are required to use your car for your job & are not
I understand that it would go on schedule A, but wouldnt you> reimbursed, you can deduct it as employee business expenses. > It is part of the misc itemized deductions on sch A, > subject to the 2% floor amount. This could reduce or > eliminate any benefit. > As far as your room in your house goes, check out the rules > on home office deductions and how they apply to your > situation. > Also keep in mind that if you attend meetings in your > employer's office, you may have to file tax returns in both > states. have to file a 2106-EZ for unreimbursed employee business expenses? From what I've read, if you were reimbursed at all by your employer, you have to file 2106. Isn't that only filed if you were an employee (W-2)? If it's your personal business (1099), the mileage deduction is filed under schedule C, right? I repair computers and usually drive to personal service calls in-between employee-based calls, but I never double-dip (meaning I let my employer think I am doing only their calls by estimating mileage between distances, but the remainder of that mileage is placed in my personal-job mileage column in an excel spreadsheet). One more question, I appreciate this info...what NJ state form do you use for paying estimated income taxes? I know federal its 1040ES, but it's sometimes difficult to muddle through the NJ state dept of taxation website. Is it mantatory to file estimated taxes electronically every quarter? Thanks, Dan << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| "hvsteve" <hvsteve1[at]juno.com> wrote: - quote - > This is my first year in a new job. The company is out of state so I
First of all, I question if one can work for a company &> work from home. I service a route that covers a five county area. It > involves placing and servicing an advertising type of product. I get a > weekly salary plus commission on the results of my route. There is no > mileage paid. Is any of this driving deductible? I also work for > another division of the same company attending events on a straight > commission basis which is paid other than on my paycheck as 1099 > income. Can I assume I deduct my expenses for that portion of my > income? Does the room in my house with two desks, office equipment and > a closet full of supplies a home office deduction? Thanks. receive both a W2 & a 1099. The box on the W2 says wages tips & other compensation. Accordingly, I think it all probably belongs on the W2 If you are required to use your car for your job & are not reimbursed, you can deduct it as employee business expenses. It is part of the misc itemized deductions on sch A, subject to the 2% floor amount. This could reduce or eliminate any benefit. As far as your room in your house goes, check out the rules on home office deductions and how they apply to your situation. Also keep in mind that if you attend meetings in your employer's office, you may have to file tax returns in both states. ___________________________________ <<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <----- << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
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| This is my first year in a new job. The company is out of state so I work from home. I service a route that covers a five county area. It involves placing and servicing an advertising type of product. I get a weekly salary plus commission on the results of my route. There is no mileage paid. Is any of this driving deductible? I also work for another division of the same company attending events on a straight commission basis which is paid other than on my paycheck as 1099 income. Can I assume I deduct my expenses for that portion of my income? Does the room in my house with two desks, office equipment and a closet full of supplies a home office deduction? Thanks. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| auto, employee, expense |
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