Archive for October, 2011
Income Tax Deductions
Income Tax Deductions. Eating out could be a major business deduction We will show you how you might be able to deduct them. If you are in a high bracket it will save you money on your tax return. If you like to pay extra money to the Irs than this Blog is not for you.
Going out to dinner could be a major tax deduction?
Income Tax Deduction Out to Dinner Deduction
Did you know that if you go out to eat it could be a tax deduction? You never know that your server or someone you talk you could be your next client. There are several ways you can get this deduction.
The most common way is to talk to the server or leave a card on the table. Most servers always say that this job is only temporary. A little small talk could make this happen. Just ask them are they open to your business. Saying no is the worst think that the server could say to you. Leaving a card on the table is the other way. Not as effective but either way you never know if they are going to call you. For tax purposes, since you are conducting business this is a deduction.
Talking about your Business
Talking about your business with a client, family or friend is another way to make out for a meal a income tax deduction. The sad or funny part if you go out with your friends or family the conversation will always go back to your business.
How to get the income tax deduction?
To get the dinner deduction one should get a receipt of the meal. Most of the time the Irs will accept a bank statement. Just make a note how the dinner was used for business.
Corey & Associates has been preparing tax returns since 1984. Our tax professionals are trained to get all the income tax deductions. We make sure to get the best tax refund with our an IRS letter.
In future blogs will show you how to get other income tax deductions.
If you have any tax preparation questions please call our office 305-823-9228. The office is located at 1800 W 68 St suite 118,Hialeah,Fl 33014. We are located minutes way from anywhere in Miami, Miami-Dade, Miami Gardens,Hialeah Gardens, Miami Lakes or any part of North Miami Dade. Just take the 826 express way at the NW 122 st exit.
More tax tips and videos can be found on our main page at http://1040w2.com . At our main web page we have Where is My Refund. A tab to get you any tax form that you will need. Click her for our You Tube Channel to find the latest tax Videos. Keep up with the latest tax at our Facebook page. Click here to like us
Why you need to EFILE tax return at http://efiletax.biz
Income tax deductions need to go on special forms.
- Home Base Business Deductions you use to Pay less to the IRS (irs.albertcorey.net)
Tax deductions when you have a Home Based Business
In this Blog Post: Corey & Associates will show you the tax deductions of a home based Business. If you are in a high bracket it will save you money on your tax return. If you like to pay extra money to the Irs than this Blog is not for you.Cell phone ,your car and eating out are the major deductions for a home based business.
Did you know that your car could be major deductions on your tax return if you have a home based business? Keeping a log book when you get in the car is one of the requirements. Just talk to someone about your business and that becomes a deduction. You will never know if that person could be your next client or the prospect who takes off. You can deduct 50 cents a mile. If live in a state that has tolls they are also deductible.
Cell Phone Deduction
Your cell phone could be a deduction when you have a small business. To make a deduction you have to make a greeting about your business. Changing your voice mail is also a requirement. When you answer your phone you would identify what you would doing. A good example if you are a BAKER, the greeting would be “Best Cakes ever can I help you “. On you voice mail you would put “ Helping a client with a cake of their dreams. Please leave a message and I will make create the cake of your dreams.”
The point here is you are promoting when you answer the phone. I can tell you that I have make a few more dollars with this tool. You get the I did not know statement.
Out to Dinner Deduction
Did you know that if you go out to eat it could be a tax deduction? You just have to leave a card on the table or ask the server a question about your business. I was always told never judge a book by its cover. That person could be your next client or prospect that makes your business grow.
Who am I
My name is Albert, Senior Partner with Corey & Associates Tax Accountants. Since 1985 we have been helping the small business owners with their taxes. I have saved my clients lots of tax dollars. The office has generated lots of free clients by doing this. Just call me at 305-823-9228 and you find out my message. If you email me at email@example.com my auto responder will promote me every time. This get me the “I did not Know”. If you are in the area come by the office which is located at 1800 W 68 St suite 118,Hialeah, Fl 33014.
- Corporations: 5 Reasons Why you need to Open one? (irs.albertcorey.net)
- Unfiled Late Tax returns will Cost you Money. (irs.albertcorey.net)
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