Ask an Accountant: Ways to Cut your Tax Bill

ask an accountant

It’s tax time! Momondealz's “Ask An Accountant” series should help with many questions that may arise. Remember, if you have a tax question, Mr. Momondealz  is an experienced accountant and you can email him @ cjwtaxpro@gmail.com. Please keep in mind this post is for informational purposes only and answers given are very general. Do not rely on ...

Ask an Accountant: Charitable Contributions

ask an accountant

Did you know that Mr. MomonDealz is an experienced accountant?  The MomonDealz “Ask An Accountant” series should help with many questions that may arise. Remember, if you have a tax question, email Mr. MomonDealz at cjwtaxpro@gmail.com. Charitable contributions can reduce your tax bill. Here are some guidelines for making the contribution: 1. If your goal is a ...

Ask an Accountant: Mileage Deduction

It’s tax time! Mr. MomonDealz is an experienced accountant who has teamed up with MomonDealz for their “Ask An Accountant” series - designed to  help with many questions that may arise. Remember, if you have a tax question, email Mr. MomonDealz @ cjwtaxpro@gmail.com. Question: I've got two sons, both deliver pizzas for Dominos. Dominos gives the drivers ...

Ask an Accountant: How much to save for taxes

It’s tax time! Mom on Dealz's  “Ask An Accountant” series should help with many questions that may arise. Remember, if you have a tax question, email Mister Mom on Dealz  who is an experienced accountant at cjwtaxpro@gmail.com. Question: Is there a specific amount I should be saving for taxes at the end of the year? Answer: Assuming you are ...

Ask an Accountant: How much to set aside for taxes for year end

It’s tax time! My “Ask An Accountant” series should help with many questions that may arise. Remember, if you have a tax question, email my husband who is an experienced accountant at cjwtaxpro@gmail.com. Question: Is there a specific amount I should be saving for taxes at the end of the year? Answer: Assuming you are set up as an ...

Ask an Accountant: Can spouses file separately?

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With the end of January comes tax time! MomonDealz's' “Ask An Accountant” series should help with many questions that may arise. Remember, if you have a tax question, email  Mr. MomonDealz who is an experienced accountant at cjwtaxpro@gmail.com. Question: Can my spouse & I file our tax returns separately? Answer: If you are married and file separately, you generally report ...

Ask an Accountant: Claiming Office Space

Remember, if you have a tax question, email Mr. Mom on Dealz who is an experienced accountant at cjwtaxpro@gmail.com Question: I work at home. Can I claim home office as a business expense? Answer: To take a business deduction a tax payer must use part of his/her home under one of the following situations: The ...

Ask an Accountant: Teaching Coupon Classes

It’s that time of the year to get your year end tax information organized. Mom on Dealz' “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 travel quite a bit to teach coupon ...

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: Donations purchased with coupons

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 donate from my stockplile quite frequently. When claiming these deductions, do I deduct what I paid out of pocket or what the items ...