Category: From the Archives

From the Archives: The $250 Educator Expense Deduction and College Professors

It’s a holiday week so I am re-publishing popular posts from the past. This post deals with whether or not a college professor can take the $250 deduction for educator expenses. One update to the last sentence, on the part about the professor instead taking a miscellaneous itemized deduction — “tax reform” has taken away […]

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From the Archives: Handling Franchise Fees on a Tax Return

It’s a holiday week so I’m re-publishing popular blog posts from the past. This post from 2015 talks about dealing with franchise fees. —– Originally published February 16, 2015 Scenario: client is a sole proprietor. They enter into a small ($5,000), 5-year franchise agreement. The client is paying the $5,000 over a 24-month period. The […]

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From the Archives: Can a College Professor Deduct the Cost of Materials for “General Knowledge”?

It’s a holiday week, so I’m re-publishing popular blog posts from the past. Just like Monday’s “From the Archives,” this one from last September is about college professors and their work-related expenses. —– Originally published September 26, 2016 College professors may be entitled to certain deductions on their tax returns for classroom books and supplies, and books […]

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