Q: How do I know I’m getting all the deductions I’m entitled to?
A: A thorough interview, a review of current laws as to how it applies, and a good faith effort in making sure the client’s questions are answered and they are satisfied.
Q: Is the sale of my home taxable?
A: Generally not if you lived there two of the previous five years.
Q: How many homes is interest deductible?
A: Principle residence and one other residence. $100,000 of home equity interest is also available.
Q: Are business expenses deductible?
A: It depends on whether taxpayer is employee or self-employed.
Q: Is auto mileage for a second job deductible?
A: Auto mileage is deductible between your first auto trip out and last auto trip home.