Depreciation on Computers
If you break an employment contract, you can deduct damages you pay your former employer if the damages are attributable to the pay you received from that employer. Depreciation on…
Read moreBusiness Bad Debt
A business bad debt is a loss from a debt created or acquired in your trade or business. Any other worthless debt is a business bad debt only if there…
Read moreUnreimbursed Employee Expenses
Generally, the following expenses are deducted on Schedule A (Form 1040), line 21, or Schedule A (Form 1040NR), line 9. You can deduct only unreimbursed employee expenses that are: Paid…
Read moreDeductions Subject to the 2% Limit
You can deduct certain expenses as miscellaneous itemized deductions on Schedule A (Form 1040 or Form 1040NR). You can claim the amount of expenses that is more than 2% of…
Read more529 Plans Expanded
Tax-free college savings plans and prepaid tuition programs can be used to buy computer equipment and services for an eligible student during 2009 and 2010. These 529 plans — qualified…
Read moreWhat if I lose my job?
The loss of a job may create new tax issues. Severance pay and unemployment compensation are taxable. Payments for any accumulated vacation or sick time also are taxable. You should…
Read moreBase Salary Vs. Perks
When it comes to what a leader is really paid, a distinction must be made between base salary and additional stipends. Leaders may receive free residences or residential stipends, free…
Read moreSalary Compared to GDP
What makes a world leader’s pay reasonable or outlandish? One way of making this call is by looking at pay compared to a country’s GDP per person at purchasing power…
Read moreTop 10 Political Leader’s Salary by Country (2010)
1. Lee Hsien Loong (Singapore): $2,183,5162. Donald Tsang (Hong Kong): $513,2453. Raila Odinga (Kenya): $427,8864. Barack Obama (United States): $400,0005. Nicolas Sarkozy (France): $302,4356. Stephen Harper (Canada): $296,4007. Mary McAleese…
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