Answers to Frequently Asked Questions (FAQ)
BEFORE ACTING ON ANY OF THESE TOPICS, CONSULT WITH YOUR PROFESSIONAL ADVISOR
Table of Contents
Alternative minimum tax - what is it?
Averages of itemized deductions
Auto expenses - are they deductible?
Auto expenses - std mileage rates
Child birth or death - do I get an exemption?
Child credit - what is it?
Child incarcerated - can I claim him/he?
Child of separated parents - who gets the exemption?
Child, who is unrelated, when can I claim him or her?
Computers - is a personal computer used at home deductible?
Convenience of employer test - what is it?
Earned income tax credit - Illinois
Education credits - the Federal tax credits?
Education credits - the Illinois tax credits?
Educator' deduction
Education expenses - are they deductible?
Educational IRAs
Employee business expense - deducting them
Exercise equipment for the home - it may be deductible
Flex plans - what are they?
Flood damage - can I deduct it?
Gambling losses exceed winnings - any requirements?
Health Savings Account (HSA) - what is it?
Home schooling - any deductions?
Inheritance - is it income to me?
In-home care expenses - are they deductible medical expenses?
IRAs - Roth IRAs
Job search expenses - are they deductible?
Late filing - if I don't owe or getting a refund, do I have to file on time?
Legal fees - contingent legal fees may be included in your income
Marital problems & my filing status?
Meals at work - any tax advantage?
Parking at work - is it ever tax-free?
Public Transportation - is it ever tax-free?
Records - how long do I keep them?
Residence - gain on the sale
Sales tax - is it deductible?
Spouse incarcerated - can I file a joint return?
Saver's credit - what is it?
Starting a business - dos & don'ts?
Statutory employee - what are the advantages?
Student loan interest deduction
Unmarried couples - can I claim my partner?