Ask an Accountant: Yard Sale Earnings

Question: Do I have to claim money I make in a yard sale? Answer: Basically, the occasional garage sale does qualify for the exclusion from income due to the fact you normally sell your personal effects at a loss, and you can’t take a loss on this sale. In the event you sold something at a profit (highly ...

Ask an Accountant

It's almost December so many may be scrambling to get your year end tax information organized. The "Ask An Accountant" series should help with many questions that may arise. Remember, if you have a tax question, email Mr. Mom on Dealz who is an experienced accountant at cjwtaxpro@gmail.com!  Question: I have a small business and I was ...

Ask an Accountant: Deducting Meal Costs for a Cooking Blog

As year end is quickly approaching, many people have tax questions and are looking for deductions to help with their taxes. Mr. MomonDealz is an experienced accountant and will be answering questions sent to him at cjwtaxpro@gmail.com with the subject line "Ask An Accountant". We are fortunate enough that the MomonDealz family is ready and ...

Ask an Accountant: Are legal and accounting consults deductible?

Although tax season is over, tax questions arise year round. Momondealz is married to an experienced accountant and will be answering questions sent to him at cjwtaxpro@gmail.com with the subject line “Ask an Accountant”. Question: I am a blogger who has recently set my site up to be a "business". This required seeking advice from lawyers and ...

Bmindful Premium Membership

Bmindful Premium Membership ads/2011/09/tax.jpg"> Although tax season is over, tax questions arise year round. Mr. MomonDealz is an experienced accountant and will be answering questions sent to me at cjwtaxpro@gmail.com with the subject line “Ask an Accountant”. Question: My sister and law, brother in law and my husband all recently got letters from the IRS asking for ...

Ask an Accountant

Although tax season is over, tax questions arise year round.  Mr. Mom on Dealz is an experienced accountant and will be answering questions sent to him at cjwtaxpro@gmail.com with the subject line “Ask an Accountant”. Question: When should a blogger start considering themselves a business for tax purposes? Is there certain criteria that, once hit, a blogger must ...

Ask an Accountant: Early withdrawal from Rollover IRA

Although tax season is over, tax questions arise year round. Mr. MomonDealz is an experienced accountant and will be answering questions sent to him at cjwtaxpro@gmail.com with the subject line “Ask an Accountant”. Question: I am considering taking an early withdrawal from the Rollover IRA account ($13k out). I recently had surgery and this is needed ...

Ask an accountant

Although tax season is over, tax questions arise year round. Mr. Momondealz is an experienced accountant and will be answering questions sent to him at cjwtaxpro@gmail.com with the subject line “Ask an Accountant”. See previous questions and answers HERE Question: I have two questions: 1. Can I claim the after school program my son is in? He is ...

Ask an Accountant: Affiliate Income

Although tax season is over, tax questions arise year round. My husband is an experienced accountant and will be answering questions sent to me at cjwtaxpro@gmail.com with the subject line “Ask an Accountant”. See previous questions and answers HERE Question: I am a blogger who works with various affilate companies and vendors. Is it true that if ...

Ask an Accountant: Conference Sponsorship

Although tax season is over, tax questions arise year round. My husband is an experienced accountant and will be answering questions sent to me at cjwtaxpro@gmail.com with the subject line “Ask an Accountant”. See previous questions and answers HERE. Question: I am a blogger and frequently attend conferences. I accept sponsorship from companies for these conferences. How ...