Tag: tax deduction

what do i do with this tax deduction form?

May 3rd, 2010

i’m a bit of an amateur so bare with me. i have a tax deduction form known as form 8283. it was for someting that i had donated and now i can get some tax deducted. what do i do with it after i fill everything out?

Why can’t you claim a tax deduction for hair that you donate?

May 3rd, 2010

If I donate my hair to Locks of Love or another organization like it why can’t I take a tax deduction on it? I’ve spent a lot of time growing it and taking care of it so why not?
Couldn’t cost go into the shampoo/conditioner ect spent to keep the hair up?

Can I get a tax deduction for donating to a charity for which I am a board member?

May 2nd, 2010

I am an officer of a small 501(c)3 Non-Profit organization and I would like to donate some computer equipment and possibly make a financial contribution to the organization. Can I still claim a tax deduction for these donations?

How do you go about filing a one time tax deduction for a vehicle?

May 2nd, 2010

I started a company but purchased the vehicle before I got the actual LLC. My vehicle is used for my business and I wanted to file for a one time tax deduction for using it. Help….

Can the interest you pay on a credit card, if you are a small business owner be used as a tax deduction?

May 2nd, 2010

I am a small business owner and was told buy another that the interest that I have paid from a credit card, used only for that business can be used as a tax deduction. My tax person has told me know that you never can use the interest from a credit card to be used as a tax deduction. Does anyone know the correct answer?

Can I donate electronics to a school for a tax deduction?

May 2nd, 2010

I have a laptop computer that I am no longer using. Can I donate it to the school that my wife works at and take a tax deduction? She spoke to someone at the school that said they will give me a letter on school letterhead that says I made the donation and what the value of it is (based on what I tell them). Is that all I need to write it off next year?

Is there a tax deduction for purchasing a new truck in 2006?

May 2nd, 2010

I was told that because I own my own business which involves me using my vehaicle that there is a tax deduction for buying a new 2007 GMC 4 door truck, I hadn’t heard this until a person said it.

Malaysia is Tax Free economy or not? Means that is there any deduction in shape of tax from your Salary?

May 2nd, 2010

I want to know about Malaysia,s Economy weather it is tax free economy or not. Is there any tax deduction from your income like salary etc. If yes than how much?

Can gifts to business associates be a tax deduction in Canada?

May 2nd, 2010

I run a small business, I have bought gifts to my suppliers and customers. Can I use these expenses as a tax deduction? (Canada)

Is it ethical to accept free things from people, then donate them for tax deduction?

May 1st, 2010

People keep giving me baby stuff and our baby doesn’t need anything, but I accept it to be polite then turn around and donate it for the tax deduction. Is this bad?