Comments on: Screw Uncle Sam – Take Your Tax Deductions! http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/ law for the rest of us Fri, 12 Mar 2010 15:22:59 -0800 http://wordpress.org/?v=2.9.2 hourly 1 By: Tax Deductions - The Home Office Deduction « Legal Andrew http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/comment-page-1/#comment-63597 Tax Deductions - The Home Office Deduction « Legal Andrew Wed, 21 Jan 2009 04:30:44 +0000 http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/#comment-63597 [...] important to take all your legal tax deductions to get the biggest possible tax refund. If you are self-employed, this is even more critical. Here [...] [...] important to take all your legal tax deductions to get the biggest possible tax refund. If you are self-employed, this is even more critical. Here [...]

]]> By: Maximize Your Tax Refund in 6 Steps « Legal Andrew http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/comment-page-1/#comment-63488 Maximize Your Tax Refund in 6 Steps « Legal Andrew Fri, 02 Jan 2009 04:10:19 +0000 http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/#comment-63488 [...] Tax deductions are yours to take. So take them! [...] [...] Tax deductions are yours to take. So take them! [...]

]]> By: Ask Legal Andrew — The Home Office Deduction | Home Office Warrior http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/comment-page-1/#comment-63178 Ask Legal Andrew — The Home Office Deduction | Home Office Warrior Mon, 01 Dec 2008 04:46:53 +0000 http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/#comment-63178 [...] you own a home business, you should be carefully in tune with your possible tax deductions. This can save you some serious money at tax time. And remember that April 1st isn’t the time [...] [...] you own a home business, you should be carefully in tune with your possible tax deductions. This can save you some serious money at tax time. And remember that April 1st isn’t the time [...]

]]> By: Home Office Warrior » Ask Legal Andrew — The Home Office Deduction http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/comment-page-1/#comment-62521 Home Office Warrior » Ask Legal Andrew — The Home Office Deduction Thu, 18 Sep 2008 13:05:41 +0000 http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/#comment-62521 [...] you own a home business, you should be carefully in tune with your possible tax deductions. This can save you some serious money at tax time. And remember that April 1st isn’t the time [...] [...] you own a home business, you should be carefully in tune with your possible tax deductions. This can save you some serious money at tax time. And remember that April 1st isn’t the time [...]

]]> By: Amber http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/comment-page-1/#comment-61485 Amber Tue, 11 Mar 2008 01:07:31 +0000 http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/#comment-61485 Another one to remember is any miles put on your car related to charitable work, including driving to and from a place you donate to regularly - as long as you remember to get receipts. Also, if you gamble at all, keep a record of your losses. You can deduct your gambling losses up to the amount of your winnings. Say you spend $100 on lottery tickets through the year - if you save the old tickets, then when you win $500 you only have to pay taxes on $400, because you can deduct the $100 you spent on losing tickets. Another one to remember is any miles put on your car related to charitable work, including driving to and from a place you donate to regularly – as long as you remember to get receipts.

Also, if you gamble at all, keep a record of your losses. You can deduct your gambling losses up to the amount of your winnings. Say you spend $100 on lottery tickets through the year – if you save the old tickets, then when you win $500 you only have to pay taxes on $400, because you can deduct the $100 you spent on losing tickets.

]]> By: This is how rich people think differently than poor people | My Investing Blog http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/comment-page-1/#comment-61457 This is how rich people think differently than poor people | My Investing Blog Tue, 04 Mar 2008 08:03:01 +0000 http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/#comment-61457 [...] just borrowing the money and putting it to work for him. Why let him have it? Use it yourself, and take what you can, every cent! “Your wheels cost more than your car. It doesn’t just have to be the wheels on your car. [...] [...] just borrowing the money and putting it to work for him. Why let him have it? Use it yourself, and take what you can, every cent! “Your wheels cost more than your car. It doesn’t just have to be the wheels on your car. [...]

]]> By: Charitable Tax Deductions Tracked with ItsDeductible « Legal Andrew http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/comment-page-1/#comment-60788 Charitable Tax Deductions Tracked with ItsDeductible « Legal Andrew Fri, 29 Feb 2008 02:37:51 +0000 http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/#comment-60788 [...] don’t want to forget any tax deductions. A big one that everyone remembers is charitable [...] [...] don’t want to forget any tax deductions. A big one that everyone remembers is charitable [...]

]]> By: Get Your Tax Refund In Record Time! « Legal Andrew http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/comment-page-1/#comment-59564 Get Your Tax Refund In Record Time! « Legal Andrew Sat, 23 Feb 2008 19:03:38 +0000 http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/#comment-59564 [...] already wrote about tax deductions, so now it’s time to look at the best way to get your tax [...] [...] already wrote about tax deductions, so now it’s time to look at the best way to get your tax [...]

]]> By: Andrew Flusche http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/comment-page-1/#comment-59183 Andrew Flusche Thu, 21 Feb 2008 15:35:35 +0000 http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/#comment-59183 Dimitar - I don't quite understand your question. U.S. citizens and resident aliens are typically taxed on their worldwide income, no matter where it was earned (<a href="http://www.irs.gov/faqs/faq13-7.html" rel="nofollow">IRS FAQ 13.7</a>). And resident aliens are generally taxed in the same manner as plain ol' U.S. citizens (<a href="http://www.irs.gov/businesses/small/international/article/0,,id=96493,00.html" rel="nofollow">Taxation of Resident Aliens</a>). So resident aliens can claim the same types of itemized deductions as citizens. Dimitar – I don’t quite understand your question. U.S. citizens and resident aliens are typically taxed on their worldwide income, no matter where it was earned (IRS FAQ 13.7). And resident aliens are generally taxed in the same manner as plain ol’ U.S. citizens (Taxation of Resident Aliens). So resident aliens can claim the same types of itemized deductions as citizens.

]]> By: Dimitar Sivkov http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/comment-page-1/#comment-58956 Dimitar Sivkov Wed, 20 Feb 2008 19:15:57 +0000 http://www.legalandrew.com/2008/02/13/screw-uncle-sam-take-your-tax-deductions/#comment-58956 Hey Andrew, I have a question for you since you are so helping and all ;) Are US Non-residents eligible for all of these Tax Deductions? I am just curious if there is a double standard for citizens and non-residents? Hey Andrew, I have a question for you since you are so helping and all ;)

Are US Non-residents eligible for all of these Tax Deductions? I am just curious if there is a double standard for citizens and non-residents?

]]>