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Posted by lauren on March 8, 2008, 7:14 pm
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2 questions:
1. I graduated college in Colorado last Dec and moved to IL for my
first job, however i filed my taxes last year in IL because I wasn't
employed yet. Can I claim the moving deduction this year now that I
have a full time job?
2. For half the year, I was working as an independent contractor as a
promotional model. I know you can deduct things like clothes, mileage
and food on sched C, but I have no receipts. Do credit card statements
work instead? If so, do you have to mail them in and explain each one
or just keep them in case they ask/audit?
Thank you so much in advance!
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Posted by Paul Thomas, CPA on March 9, 2008, 2:42 pm
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> 1. I graduated college in Colorado last Dec and moved to IL for my
> first job, however i filed my taxes last year in IL because I wasn't
> employed yet. Can I claim the moving deduction this year now that I
> have a full time job?
Where was your tax home while you were in college? Most college students
tax home is their parent's house. If that was Illinois, then you might not
have deductible moving expenses.
If your move qualifies as a deductible move, then the deduction is only
allowed in the year the expenses were paid. If you paid them in December,
it's deductible in that year. If you paid them in January, it's deductible
in that year.
> 2. For half the year, I was working as an independent contractor as a
> promotional model. I know you can deduct things like clothes, mileage
> and food on sched C, but I have no receipts. Do credit card statements
> work instead? If so, do you have to mail them in and explain each one
> or just keep them in case they ask/audit?
No receipts is a problem. More so on the meals deduction. I'm also at a
loss as to what clothes you think would be considered "work" clothes. Don't
they let you wear the clothing you are modeling? Surely you don't have to
buy their clothes to model in.
Sit down with what you do have, and a calendar from last year and
reconstruct the where, when, why, how and costs of your modeling business.
There may be enough to support some of the deductions you can take, but it's
not going to be as much as you think.
Find you a good accountant, CPA or EA, who is familiar with the modeling
industry (ask around for referrals) and get them to help you.
--
Paul A. Thomas, CPA
Athens, Georgia
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<< ------------------------------------------------------- >>
<< 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 >>
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<< Copyright (2007) - All rights reserved. >>
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Posted by D. Stussy on March 9, 2008, 4:26 pm
Please log in for more thread options > 2 questions:
>
> 1. I graduated college in Colorado last Dec and moved to IL for my
> first job, however i filed my taxes last year in IL because I wasn't
> employed yet. Can I claim the moving deduction this year now that I
> have a full time job?
No. You were not previously employed. However, see below....
> 2. For half the year, I was working as an independent contractor as a
> promotional model. I know you can deduct things like clothes, mileage
> and food on sched C, but I have no receipts. Do credit card statements
> work instead? If so, do you have to mail them in and explain each one
> or just keep them in case they ask/audit?
Now, you're telling us that you were (self-)employed. I think you need to
get your situation straightened out before you ask for help.
Some of those things may be deductible, some won't.
--
<< ------------------------------------------------------- >>
<< 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 (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by Mike20878 on March 10, 2008, 1:13 pm
Please log in for more thread options > 2 questions:
>
> 1. I graduated college in Colorado last Dec and moved to IL for my
> first job, however i filed my taxes last year in IL because I wasn't
> employed yet. Can I claim the moving deduction this year now that I
> have a full time job?
>
> 2. For half the year, I was working as an independent contractor as a
> promotional model. I know you can deduct things like clothes, mileage
> and food on sched C, but I have no receipts. Do credit card statements
> work instead? If so, do you have to mail them in and explain each one
> or just keep them in case they ask/audit?
>
> Thank you so much in advance!
>
> --
Someone once told me a general rule for deducting clothing is would
you be embarrassed to wear the clothing in public? The example she
gave me was that one of her clients owned a McDonald's franchise. His
McDonald's uniform was deductible to him.
--
<< ------------------------------------------------------- >>
<< 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 (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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