Your Tax Deductions For the Year
By Debbie Walsh, Hudson Valley NY Real Estate 845.283-3036
(SHAHAR Management)
It is that time again. Time to get all those papers together and get a total of all of those numbers for the accountant. Have you planned for all of your deductions for 2010? If not or if you missed any, now is the time to get started for 2011. MILEAGE-Have you kept a log of all of your business mileage? The dates and the mileage accrued? At 50 cents per mile this deduction can add up very quickly if you are someone who is always on the road. (You could also choose to go with your actual automobile depreciation and repairs-speak to your accountant) MEALS-ENTERTAINMENT-Have you kept track of all of your receipts for dining out with clients or meals while away on business? DUES-LICENSING FEES-Have you kept track of all dues paid, to whom and any licensing renewals paid? EQUIPMENT PU...
Comments
19