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Tax Deduction Consulting: Salesmen Helena MT

A discussion of tax deductions is great and all, but most people want to know about their specific situation. The tax deductions for salesman are discussed here. For more detailed information please read on the following article.

John Shellenberger
P.O Box 4758
Bozeman, MT
Company
Company: Estate Conservation Associates
Education
Franklin & Marshall College A.B.
Stanford University M.A.
Years Experience
Years Experience: 34
Service
Supplemental Medicare Insurance,College Planning,401k Rollover From Employer,Income for Life/ Preserve Principal,Medicare Planning,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Fee-Only Comprehensive Financial Planning,Long-term Care Insurance,1031 Exchanges,Wealth Engineering,Stock Market Alternative,Wealth Management,Life Insurance,Inves

Data Provided by:
Campbell and Associates,CPAs
(406) 728-9288
2505 S Russell
Missoula, MT
 
Bartz Tim CPA
(406) 442-1040
828 Great Northern Blvd
Helena, MT
 
Hughes Bill CPA
(406) 442-1040
828 Great Northern Blvd
Helena, MT
 
Horner Penny CPA
(406) 442-1040
828 Great Northern Blvd
Helena, MT
 
H&R Block
(406) 727-3577
7353 Goddard Dr Bldg 1150
Malmstrom Afb, MT

Data Provided by:
H&R Block Inside Russell Square Shopping Center
(406) 251-6020
1132 SW Higgins Ave Ste 210
Missoula, MT

Data Provided by:
Murnion Anthony W CPA
(406) 442-1040
828 Great Northern Blvd
Helena, MT
 
McWhorter Hugh CPA
(406) 442-5520
910 N Last Chance Gulch
Helena, MT
 
Laine Don CPA
(406) 442-1040
828 Great Northern Blvd
Helena, MT
 
Data Provided by:

Tax Deduction Consulting: Salesmen

Tax Deduction for Salesman

A discussion of tax deductions is great and all, but most people want to know about their specific situation. The tax deductions for salesman are discussed here.

As a salesperson, it is likely that you spend a certain amount of your day traveling. Whether or not you are a traveling salesman, there are several deductions you are specifically eligible for. Any costs you incur which you are not reimbursed for are typically tax deductible. However, you should proceed with caution. Consult a professional tax preparation company to be sure you are eligible for each deduction.

Any work related expenses that you are subject to and not reimbursed for are usually eligible. If you are required or choose to continue your education, part of those costs may be able to be deducted. Additionally, any licenses or union fees you are required to maintain can amount to a large deduction. In some cases, if you choose to leave your job and find a new one, you may be able to deduct job search expenses. These expenses related to job hunting are an often surprising and generous deduction.

If you are a traveling salesman, you are nearly guaranteed additional deductions. You can deduct mileage you incur, and other expenses. If your expenditure is considered ordinary and necessary, it is likely deductible. For instance, an ordinary expense may be a client luncheon you are hosting or installation costs for installing equipment. Necessary expenses are those such as a phone line. It is imperative to remember that deductions can only be counted once, and nowhere else on your tax return. Also important is that none of these salesman related deductions pertain to family matters such as mileage to yours son's ball game.

If you are a traveling salesman and unfortunately incur a mishap on the road, the government won't cover these costs. The IRS will not accept deductions from speeding tickets, parking tickets or accidents while on the job. This is not consider...

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