Sentences with phrase «claim these expenses if»

In other cases, the item is a legitimate business expense, but you can only claim a portion of the expense or only claim the expense if particular circumstances apply.

You can't claim these expenses if you take the standard deduction which, for 2017, is $ 6,350 for taxpayers who are single or married filing separately, $ 12,700 for married filing jointly, and $ 9,350 for heads of household (single taxpayers with dependents).

Not exact matches

«So if you claimed 10 % of your home as a business expense, they could tax a 10 % portion of your gain when you go sell.»

On the other hand, someone who runs a home daycare may not be able to claim the expense at all if it's not essential to the running of the business.

If you have a safety deposit box and have been claiming the cost of keeping that box as a work or investment related expense you will no longer be able to.

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If the IRS ever decides to look into a business trip you've expensed, you want to make sure you have the records and documentation to back up your claimed expenses.

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If you're claiming it as an Input Tax Credit, deduct it from your claimed expense on your income tax form.

If you're still worried or doubtful about claiming a particular business expense, talk to your accountant and / or give the Canada Revenue Agency a call.

If you're concerned about small - business audit risk, you should be aware that the main thing that's likely to trigger an audit is claiming too many expenses.

Also, when claiming business expenses, if you received any other rebate, grant, or assistance you would subtract the amount of that rebate, grant or assistance from the business expense to which it applied.

So if you hired someone or subcontracted some work to someone sometime during the current tax year, when you were claiming their wages or fees as an expense (on Form T2125 of the T1 income tax return if your business is a sole proprietorship or a partnership), you would deduct the GST / HST if you had already claimed it as GST / HST paid out when you filed your GST / HST return for the appropriate period.

If we terminate Mr. Drexler's employment without cause or he terminates his employment with good reason, Mr. Drexler will be entitled to receive (i) a payment of his earned but unpaid annual base salary through the termination date, any accrued vacation pay and any un-reimbursed expenses, and (ii) subject to Mr. Drexler's execution of a valid general release and waiver of claims against us, as well as his compliance with the non-competition, non-solicitation and confidential information restrictions described below, (a) a payment equal to his annual base salary and target cash incentive award, one - half of such payment to be paid on the first business day that is six (6) months and one (1) day following the termination date and the remaining one - half of such payment to be paid in six equal monthly installments commencing on the first business day of the seventh calendar month following the termination date, (b) a payment equal to the product of (x) the last annual cash incentive award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler in the year of termination and the denominator of which is 365, such amount to be paid on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested restricted shares and stock options as provided and pursuant to the terms of the relevant grant agreements under our 2003 Equity Incentive Plan.

If you are diagnosed with a critical illness or get into a serious accident, there's a good chance that your health insurance policy will deny certain claims or only partially pay for health care expenses.

However, if any of your costs were reimbursed by insurance or other sources, you can not claim a deduction for those expenses.

If one spouse is launching a new business and it comes with a lot of expenses, or has returned to college and can claim credits, filing separately may result in a lower tax burden.

Technically, there's no income phase out if you're trying to claim the CDCTC, but the credit can only equal up to 35 % of your qualifying care expenses (depending on your AGI).

Claiming the home office tax deduction is a good tax strategy to employ if you are eligible because it allows you to deduct certain expenses that the average homeowner can not.

If you have two or more children / dependents, you can't claim more than $ 6,000 of care expenses.

For example, if you have employment - related expenses for which you have not been reimbursed — a debt that is not covered by the Employee Trust — you will be required to file a claim in the claims process to seek to recover any amounts owed to you.

If you also work at another location, be cautious when claiming certain expenses under the home office tax deduction.

If your company has claimed that (excess) expense for tax purposes, good luck in withstanding a clean audit should that happen.

This strategy works even though you are the one paying the educational expenses, as the payments are considered gifts to your child, and then treated as if they paid the expenses when claiming the tax credit.

NOT HUMAN RIGHTS COURTS, BUT ORGANIZERS OF GENOCIDE AGAINST WHITES AND SPONSORS OF BOGUS «MULTICULTURALISM» $ $ $ CLAIMS AT EXPENSE OF PERSECUTED WHITES (while minorities are awarded for and instructed by governments in bogus human rights claims, whites are simply killed if not perverted in multiculturalism garbaCLAIMS AT EXPENSE OF PERSECUTED WHITES (while minorities are awarded for and instructed by governments in bogus human rights claims, whites are simply killed if not perverted in multiculturalism garbaclaims, whites are simply killed if not perverted in multiculturalism garbage)!!!

Further to NHL claim of $ 100 M loss at this stage, amount could be deceiving.Unclear if league applied expenses / operating costs to it.

Each parent can include the medical expenses he or she pays for the child, even if the other parent claims the child's dependency exemption, if:

David Cameron could lose one of his prized four female Cabinet ministers if MPs condemn culture secretary Maria Miller over her expenses claims

Can you imagine the furore if that cost was claimed on expenses now?

But I wonder if there are other readers who, like me, are extremely concerned about what is a much more serious problem than the knowledge that some people have a rather cavalier approach to claiming expenses?

I genuinely feel quite bad about this as the bill often runs to a couple of hundred pounds, if not more (as it's a party event, MPs and staff can't claim it back on parliamentary expenses).

Of MPs with controversial expense claims, he tells the letters» readers that «I don't care if they were within the rules — they were wrong.»

Heastie, who had previously required proof that a lawmaker was actually in Albany on the days that they claimed expenses, now says legislators will need special permission if they come to the Capitol more than 30 days during the off session.

If it had been left to MPs to publish their sanitised list of expenses claims in July, we would not have had any idea which of them were up to that particular ploy.

Sir Christopher's report is expected to suggest MPs be banned from claiming for mortgage interest on expenses and will instead be expected to rent a second home if they require one.

After Sir Peter's expenses claims were made public Conservative leader David Cameron had warned him he faced the removal of the party whip if he did not announce that he would stand down at the next election.

The move, initially proposed by standards commissioner John Lyon, would shed light on «rectification» arrangements which saw MPs investigated for minor misuse of expenses escape «naming and shaming» if they repaid the money claimed.

Bill Etherington told the Sunderland Echo he would refuse to pay back expenses claims if he felt they were «justified under the rules at the time».

«David Cameron has sought to embarrass Gordon Brown over his expenses bill by pledging he will not claim the «second homes» allowance for MPs if he moves into Downing Street.

If the facts are as stated above, Chris Grayling would appear to be completely in the clear; he is fully entitled to have a pied - a-terre in London and therefore to claim the appropriate expenses for it.

«Only Andrew Cuomo would believe that replacing a state legislator who claimed per diems for expenses when not at work with a former Governor who was fined for shaking down the Yankees for playoff tickets is a solution to the ethical problems within the Democratic Party,» said Howie Hawkins, the Green Party candidate who will face off against Cuomo if he wins the Democratic Party nod for a second term.

Now, that rivalry could lead to small claims court, which is where Spence says he may be going if he isn't reimbursed for more than $ 900 in expenses, including the cost of traveling to PEF meetings and events he attended in the last year.

After all, I can't remember anyone at the height of the expenses scandal saying «If only we had AV...» Proponents of AV also claim that a new system would get supposedly lazy MPs in safe seats to work harder.

Mr Bain, the secretary of the Glasgow North East Constituency Labour Party, has promised that, if elected to Westminster, he will «never claim lavish expenses and never milk the system».

Is there not a certain irony in Liam Fox's exhortation to business leaders that «if you want to share in the prosperity of our country you have a duty to contribute to the prosperity of our country» (Trade minister attacks «fat and lazy» British business bosses, 10 September), considering the fact that he demonstrated little restraint in claiming his share of the taxpayer's prosperity, as revealed during the expenses scandal?

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