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What else can i write-off for income tax?


I am self contracted to a metal building company as a salesman. I did very well this year and owe a decent amount back to the irs. Is there any large items that i can write off. I already write off such things as meals, miles, phone, etc. Or is there any way that i can transfer the amount i owe into a retirement account or some type of investment account. Or could i even start another business with this money. I already have an office inside their building so a home office would not help. Any help or suggestions would be appreciated. TIA

major car repairs.
tires, brakes, all oil changes perhaps you needed a rack and pinion this year.
I work for a company that has independant contractors this question pops up every year when the w9's come out.

computer/ internet service if you use it for your work...our guys need them for maps and directions.
a home office may be ok if you can say you are logging in hours while your other office is closed and you dont have acsess. IF its inside another company that may work.
I dont know about a retirement account id have to get ahold of our main accountant and by that time youll have all the answers you need. I wish i could be of more help.

I would say pay yourself a large bonus and deposit the maximum allowed into and IRA.

You can Write off Long Distance Phone Call Service.

your soul, your self-respect, your freedom, whatever you thought was worth living for...you joined The Committee to Live On Our Knees when you sign away your rights at the bottom of the page. You're under no obligation to give information about yourself that can be used against you in a court of law. Don't you KNOW THAT? Some American YOU are. You don't deserve the freedom that America offered.

clothing, education given to employees, all office supplies including computer, fax machines, copy machines, etc., you can write off part of your electric bill for the electricity used at your home office for the sake of your business.

You would have to put your check into an account yourself as far as an investment or retirement account

pay up i need my ss check

Go buy a tax preparation program like Turbotax or Taxact and they will have a complete listing of what you can deduct.

If you made less than $25k last year ($37k if Head of Household), you may have some credits coming to you (along with a nice deduction) if you open your own IRA.

Check with your tax professional (or be prepared to read a bit on the IRS website - see sources) to see how it could work for you.

I suggest you get yourself a tax attorney/preparer that will know all the proper answers for your situation.

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