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Old 01-16-2007, 06:56 AM
Bob Sandler
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Default Re: Auto Expense for employee

- quote -

> 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?


Form NJ-1040-ES. You can mail it. You do not have to file it
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. > << ================================================== ===== >
  #1  
Old 01-15-2007, 06:26 AM
blah
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Default Re: Auto Expense for employee

- quote -

> 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.


I understand that it would go on schedule A, but wouldnt you
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. > << ================================================== ===== >
 
Old 01-11-2007, 01:37 AM
Benjamin Yazersky CPA
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Posts: n/a
Default Re: Auto Expense for employee

"hvsteve" <hvsteve1[at]juno.com> wrote:

- quote -

> 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.


First of all, I question if one can work for a company &
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. > << ================================================== ===== >
  #-1  
Old 01-09-2007, 01:39 AM
hvsteve
Guest
 
Posts: n/a
Default Auto Expense for employee

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. > << ================================================== ===== >
 

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