ArtBistro

Commitment to your job sometimes requires digging into your own pocket to purchase a uniform or treat a client to 18 holes of golf. But such unreimbursed expenses can pinch financially, unless you learn IRS rules for deducting work-related costs from your taxable income. Fastidious record keeping and advice from a tax professional can also help mitigate the suffering. "Many of ...

Tax season is right around the corner and several military families will attempt to file their taxes on paper. However filing taxes on paper is a long and cumbersome process. If an individual taxpayer chooses to file without the help of a certified public accountant (CPA), the process can take hours. And, if mistakes are made the repercussions can take the ...

Did you spend substantial amounts of money looking for a new position last year? You may be able to succeed where Nelson Rockefeller failed and take a tax deduction for many of your job search-related costs. When New York Governor Rockefeller was appointed vice president in the '70s, he deducted expenses incurred in connection with his congressional confirmation hearings. Years later, ...

In 2008, legislation was passed to help rescue US markets and the economy. But did you know that these bailout bills also included a bundle of income tax breaks? The biggest ones are known as "extenders" - popular tax breaks that might seem permanent to most taxpayers, but actually must be renewed every year or two. Stuffed inside the *Emergency Economic ...

I keep hearing that I should do something or other to improve my tax situation before the year ends. Is there really anything I can do at this point? Whether you are having a good year, rebounding from recent losses, or still struggling to get off the ground, you may be able to save a bundle on your taxes if you ...

I've done my own taxes for years now. As an artist, at least a portion of my income has come under self-employment. I would love to pay someone to do this for me, but there was a mound of work just to prepare it for the accountant. By the time I got all of that information in order, added up, divided ...

The following is a general list of what you can and cannot deduct on a Schedule C (Profit or Loss from Business). h4. Can: supplies, materials and labor - excluding yourself If you traveled for your self-employed business you can deduct the expenses if the trip: Travel, meals, expenses related to the production of goods Advertising: cost to produce, postage etc. ...

The best way to cut down the work on tax day is to be organized before tax day. Some simple tips: h4. Income Keep track of your income. Collect 1099s, save invoices, and deposit slips. As you deposit this money, make a note who it is from so that you don't have to look at it and wonder later. Make a ...

Did you spend substantial amounts of money looking for a new position last year? You may be able to succeed where Nelson Rockefeller failed and take a tax deduction for many of your job search-related costs. When New York Governor Rockefeller was appointed vice president in the '70s, he deducted expenses incurred in connection with his congressional confirmation hearings. Years later, ...

Taxes are overwhelming and complicated. There is form after form and it gets tough to keep them all straight. The most painful part, however, is seeing the toll it takes on you wallet. TurboTax, Military.com and ArtBistro have brought you expert financial advice to make your taxes and painless as possible and hopefully save a lot of money in the process. ...