Tax deduction on Educational loan to a friend?

One of my friends is doing his Masters in US. I was planning to lend him some money to pay his fees. He also plans to return the money after he graduates with an interest rate. But I have some questions about that. Will I be eligible for tax deduction on the money I lend him? Is the interest that he pays to me taxable? If so, what kind of document do I need to show my interest income from my friend? Are there any other complications that I should be aware of? Any do’s or don’ts?

Why is it immoral to donate to charity with the sole motive to receive a tax deduction?

I’m writing a morality paper and need some support for why it’s immoral to only donate to charity because you want to get the tax deduction.

THANKS!

Is the tuition for an Infant Gym a tax deductible education expense?

My daughter now 11 months has been attending infant gym classes similar to Gymboree since she was a couple months old. I’m curious if the tuition for the classes are considered educational tax deductions.

how do tax deductions work?

if you claim something as a bussiness expense what percent of the cost of the item do you get back.
if i got a 0 laptop how much ow that would i get back

Interest deductions on Income Tax Returns?

when you deduct the interest you paid for throughout the year for your income tax returns, does that only include education interest, and interest you paid for on your investments such as a home, and dividends, or can you also deduct the interest that you paid for credit cards, and car payments etc. Thank you!

Are these tax deductions legit?

contact lenses, improvements to my owned home, drycleaning for business clothes, gambling losses in AC (although i dont have any proof for these other than my debit card statement)

How do you calculate paycheck state tax withholding?

Let’s say the net pay on the paycheck is 5.15 before tax deductions. The employee is married and does not have any exemptions as well as claim 0 allowences on the W4
I used the online calculator but it does not tell how the calculations were performed. I would really appreciate your help!

Is there a special tax deduction for new cars purchased in 2009?

I purchased a new Malibu on December 30, 2009. Was there a special government incentive that involved a tax deduction?

Home-equity and tax-deductions?

Folks -

I am planning on taking a home-equity loan on my current home to purchase a second home. I will be moving to the newly purchased home (second) and rent-out my current (first) home.

Is the interest that I pay on the home-equity on the first home tax-deductible?

If yes, how can I estimate how much I will save on taxes, if I know the amount of interest and also, approximate tax-bracket that I fall in?

Thanks,

What is the perfect type of Corporation tax-wise for a current self-employed?

I am currently working an Independent Contractor at an agency for my Art Direction services. This is my main source of income. Additionally, from time to time I do graphic and video work. Now I am considering diving into Event Production as a new opportunity has come to me.

My main goal is to maximize my tax deductions as last year I paid 30% off my income. I filed as self-employed. I know the answer is incorporating but not sure as to which type of Corporation will allow me to deduct the most (equipment, furniture, car, insurance, food, travel, hiring other independent contractors, etc – can’t think of any thing else). This is money that is currently getting out of my pocket – after taxes -. Any recommendation or past experiences?
Just a side note.
As an Independent Contractor my car expenses were only $ .44 cents per mile. Apparently, if incorporate more is deducted (car payment, gas, insurance oil change, etc).