Will owe taxes

iVillage Member
Registered: 03-27-2003
Will owe taxes
12
Mon, 01-12-2009 - 9:47pm

I've entered preliminary numbers into taxcut.

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iVillage Member
Registered: 11-17-2007
In reply to: ckjd
Tue, 01-13-2009 - 2:22am

iVillage Member
Registered: 03-26-2003
In reply to: ckjd
Tue, 01-13-2009 - 5:23am

Does your husband have any expenses that he can claim from his side job? Mileage? Gas, repairs, and maintenance on his vehicle? Cell phone? Anything?

Sue


Photobucket
iVillage Member
Registered: 03-27-2003
In reply to: ckjd
Tue, 01-13-2009 - 8:47am

He doesn't keep track of anything!

iVillage Member
Registered: 09-07-2003
In reply to: ckjd
Tue, 01-13-2009 - 9:21am

****

Teresa
http://www.affordingpickles.blogspot.com

iVillage Member
Registered: 03-27-2003
In reply to: ckjd
Tue, 01-13-2009 - 9:28am

Thanks for the advice.

iVillage Member
Registered: 09-07-2003
In reply to: ckjd
Tue, 01-13-2009 - 9:54am

Not a problem.


A few years ago I had an at home business (makeup parties.....)

Teresa
http://www.affordingpickles.blogspot.com

Avatar for meandmypea
iVillage Member
Registered: 03-27-2003
In reply to: ckjd
Tue, 01-13-2009 - 10:12am

I feel your pain. I'm an independent contractor who works at home, and if it weren't for the deductions, we would owe a boat-ton in taxes. This year, we were bracing for a hit of $3400 in federal taxes alone. But after deductions, it looks like we're only going to owe $500 in fed & $300 in state. It's an expensive lesson to have to learn, but at least now you know for next year. I do my taxes through Turbo Tax Home & Business.

And just to let you know for next year, Turbo Tax Home & Business is VERY specific about deductions. You can't just deduct fluff things willy nilly. You're required to itemize each item with the date of purchase and model numbers (if applicable).

Bridget




Bridget
Community Leader
Registered: 07-26-1999
In reply to: ckjd
Tue, 01-13-2009 - 11:29am
Even for mileage, you can do a pretty good estimation of what he used.
Photobucket
iVillage Member
Registered: 11-17-2007
In reply to: ckjd
Tue, 01-13-2009 - 2:17pm

Make him a space somewhere in the house like a dinning room all he needs is a desk and a chair and a filing cabinet or something Even a shelf over the desk with a few baskets on it. That could be his office space. He doesn't have to sit there just has to have

iVillage Member
Registered: 03-15-2005
In reply to: ckjd
Tue, 01-13-2009 - 6:12pm

Just a heads-up that "Office in Home" is one of the biggest "flag" forms for an audit.

Jennifer


 


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