TaxAudit Blog

Tag: employee

Woman sitting with some dogs at a dog kennel facility

Kenneling a dog for work travel is considered a personal expense. However, I wonder if the answer is different if I make income from my dog?

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Karate teacher teaching a small class of children

Whether you can write off karate classes on your taxes relies heavily on your personal circumstances. Let's explore more.

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calculator with expenses written on it

Certain categories of employees can claim the deduction for unreimbursed employee business expenses, but not all. Let's explore some examples.

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Hands surrounding a pile of money

Under current federal law, union dues are generally not deductible. However, there are a few exceptions, and if your union dues meet one of them you are in luck

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man with a calculator

If you have unreimbursed business expenses as an employee, then those expenses are generally no longer deductible on your 2019 federal tax return.

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Receipts

Even if you cannot deduct your unreimbursed business expenses for your federal return, you may still be able to deduct them for your state return.

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Independent Contractor written on a blue note of paper

The IRS encourages all businesses and business owners to know the rules when it comes to classifying a worker as an employee or an independent contractor.

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$100 bills with magnifying glass and stock price chart

Your company offers you employee stock options. The paperwork says they are Nonqualified Stock Options (NQSO’s). You don’t quite understand what that means...

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Students wearing graduation hats

With the costs of obtaining a Master of Business Administration skyrocketing - often costing up to $80,000 - you might be wondering: is my MBA tax deductible?

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