Lake Havasu Accounting Firm

Bookkeeping / Accounting / Taxes / Business / Personal

YOUR HOME

 Fees for investment advice
 Subscriptions for investment-related publications
 Travel to manage investment property
 Capital losses
 Loss for worthless investments
 Suspended passive losses
 Interest expense (limited)
 Penalty for early withdrawal of savings
 Contribution to traditional IRA
 Contribution to Keogh, SEP, or SIMPLE plan
 IRA trustee fees, if billed and paid separately
 Amortization of premiums on taxable bonds
 Fee for safe deposit box

 Cash contributions
 Fair market value of property contributed
 Actual expense or mileage rate for driving in charitable work
 Out-of-pocket expenses of charitable work (no deduction for your services)

YOUR WORK

 Union and professional dues
 Continuing professional education expenses
 Job-related education expenses
 Job hunting travel and phone expenses
 Job counseling fees
 Employment agency fees
 Resume preparation costs
 Small tools used in your job
 Uniforms or special work clothing
 Child care costs while you work, seek work, or attend classes
 Unreimbursed employee business expenses business travel, meals and business entertainment
 50% of self-employments tax

 Fees for tax planning and preparation
 Personal property taxes
 Casualty and theft losses, within limits
 State and local income taxes
 Gambling losses to extent of winnings
 Foreign taxes paid

FAMILY & MEDICAL

 Child and disabled dependent care costs
 Alimony paid
 Additional standard deduction if blind
 Special schools for a handicapped child
 Student loan interest
 Health insurance premiums
 Medical savings account
 Un reimbursed healthcare expenses
 Auto mileage to obtain medical care
 Lodging on trips for medical care
 Eyeglasses, contact lens, and lens insurance
 Chiropractic treatments
 Extra cost of Braille publications
 False teeth, hearing aids
 Braces, crutches, wheelchairs, and more
 Drug or alcohol abuse treatment
 Prescription drugs or programs to stop smoking
 Medical expenses of a parent for whom you provide over 50% support
 Cost of nursing home where medical treatment is principal reason for stay

KC Tax Lady

Not Your Average Accounting Firm

IN HOUSE SERVICE

We come to you!

YEAR END TAXES

Tax pro advice!

PERSONAL TAXES

Getting the best deductions?

CORPORATE TAXES

Corporate tax returns.

Contact Us

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