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 me at cjwtaxpro@gmail.com with the subject line "Ask an accountant". Question: In 2010 I won an all expense paid trip as a prize for winning a contest. The company immediately asked for my social security ...

Ask an Accountant

Thanks to Momondealz for bringing us this post each week! 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 momondeals@yahoo.com Question: I have been audited for medical expenses for 2008 (my husband became very ill) and have close to 300 individual expenses. ...

Ask an Accountant

Thanks to Momondealz for this informative post each week! 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 momondeals@yahoo.com Question: What expenses can you not claim on your taxes? Answer: The items not deductible are expenses that would not be used to generate a ...

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 me at momondeals@yahoo.com I have received A LOT of questions lately about setting up a business. I wrote a post HERE about deciding on what entity to be. My husband (the ...

Ask An Accountant

Although tax season is over, tax questions arise year round. Mom on Dealz'  husband is an experienced accountant and will be answering questions sent to me at momondeals@yahoo.com Question: I read on Yahoo today that Social Security Tax is being raised. The article said that in 2012 the rate will go up to 12.4%, meaning 12.4% of a ...

Ask an Accountant

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 momondeals@yahoo.com and I will post the question and give an answer from an experienced accountant Question: How do I determine the amount of ...

Ask an Accountant

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 momondeals@yahoo.com and I will post the question and give an answer from an experienced accountant. Question: How I want to handle my rollover..In ...

Ask an Accountant

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 momondeals@yahoo.com and I will post the question and give an answer from an experienced accountant. Question: I am way behind and know I ...

Ask an Accountant

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 momondeals@yahoo.com and I will post the question and give an answer from an experienced accountant. Question: I keep hearing that as a person ...