I volunteer at a university with 501c3 status and want to deduct my mileage for traveling to and from the university on the days I volunteer to coach. I've read that I can deduct .14 x mileage and list it on Schedule A, but it doesn't specify which line. Should it be line 16 or 17? Do I need to attach Form 8283? Additionally, how do I report this mileage, and is it considered a cash or non-cash expense?
April 26th, 2023
What is the maximum amount a person can give to another without having to pay the gift tax?
May 2nd, 2023
I haven’t filed taxes for about 5 years. Where do I start to get everything caught up, especially after receiving a notice about owing taxes on cashed-out stocks and dealing with a failed business and job changes?
May 22nd, 2023
What year should I put on the signature line for a past year tax return?
February 12th, 2023
I had a $55,000 loss due to a hurricane in 2017, but my income for that year was only $19,000. How can I carry over the remaining $36,000 to my 2016 tax return?
August 31st, 2023
I currently own a business that sells wholesale peat moss products as an S Corporation. We moved to a 32-acre farm in 2017 and want to operate it as a farm. Can I group the farm income and expenses into my existing business?
March 29th, 2023