Ask an Accountant: Last Minute Reminders

This column is brought to us by Sharon from Mom on a Dealz. Madame Deals Inc. uses her husband as our business and personal accountant and gives him 5 stars. He is available for questions and was a pleasure to work with! Some of you may not know due to Emancipation Day, the Tax Deadline has been extended to Monday April 18th. Here are some last minute reminders for those of you who have waited until the last minute. 1. You can still make a 2010 tax deductible IRA contribution until ...

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Ask an Accountant: How do I determine the amount of office space to use for a write off?

This column is brought to us by Sharon from Mom on a Dealz. Madame Deals Inc. uses her husband as our business and personal accountant and gives him 5 stars. He is available for questions and was a pleasure to work with! Question: How do I determine the amount of office space to use for a write off? Answer: A home office is defined by IRS guidelines as "any area of your home used exclusively for business". This means, it cannot serve any other purpose other than business use. If an area of ...

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Ask an Accountant: How to handle my rollover?

This column is brought to us by Sharon from Mom on a Dealz. Madame Deals Inc. uses her husband as our business and personal accountant and gives him 5 stars. He is available for questions and was a pleasure to work with! As we all know, it’s that dreaded time of the year-Tax time! In honor of tax season, I have a new series called “Ask An Accountant”. Send in your tax questions each week to [email protected] and I will post the question and give an answer from an experienced ...

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Ask an Accountant: Can I deduct car and cellphone expenses?

This column is brought to us by Sharon from Mom on a Dealz. Madame Deals Inc. uses her husband as our business and personal accountant and gives him 5 stars. He is available for questions and was a pleasure to work with! As we all know, it’s that dreaded time of the year-Tax time! In honor of tax season, I have a new series called “Ask An Accountant”. Send in your tax questions and each week to [email protected] and I will post the question and give an answer from an experienced ...

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