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Post by acttwo on Aug 4, 2018 21:52:59 GMT -5
The deductability depends on the purpose, not the outcome, of the trip. The information contained in this and all my forum comments is for general informational purposes only and is not intended to provide legal advice to any individual or entity. This comment is not intended to create, and the reading of it does not constitute, an attorney-client relationship.It also depends on whether you went before or after 12/31/2017 since the massive changes to the tax laws that were passed on 12/20/2017 include "Eliminating most miscellaneous itemized deductions such as: Deductions for employee business expenses Tax preparation fees Investment expenses, including investment management fees Employment related educational expenses Job search expenses Hobby losses Safe deposit box fees Investment expenses from pass-through entities" Source: www.irs.gov/newsroom/individualsThese changes are temporarily in place from 1/1/2018 through 12/31/2025 Thanks for the post, prrple! I learn so much on this board. |
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Post by JudgeKnot on Aug 5, 2018 7:35:45 GMT -5
The end of the moving expense deduction could be a bigger deal than losing the job search deduction. Spending $1,000 on a job search is one thing. Spending $15K on a move and not being able to deduct it is quite another. The deduction for moving expenses has been suspended for most taxpayers for tax years beginning after Dec. 31, 2017 through Jan. 1, 2026. This suspension does not apply to members of the Armed Forces of the United States on active duty who move pursuant to a military order related to a permanent change of station. (Same link as @prrple included above.) Standard deduction amount increased. For 2018, the standard deduction amount has been increased for all filers, and the amounts are as follows. Single or Married Filing Separatelyā$12,000. Married Filing Jointly or Qualifying Widow(er)ā$24,000. Head of Householdā$18,000. Due to the increase in the standard deduction and reduced usage of itemized deductions, you may want to consider filing a new Form W-4. Deduction for personal exemptions suspended. For 2018, you canāt claim a personal exemption deduction for yourself, your spouse, or your dependents. www.irs.gov/individuals/steps-to-take-now-to-get-a-jump-on-next-years-taxesIn 2017 the standard deductions were: Filing Status Standard Deduction Single $6,350 Married Filing Jointly $12,700 Married Filing Separately $6,350 Head of Household $9,350 Qualifying Widow(er) $12,700 For tax year 2017 you could take the personal exemption amount of $4,050. You were allowed to claim one personal exemption for yourself and one for your spouse (if married). So, if you are married with no dependent kids, in 2017 you had a $12,700 standard deduction and $8,010 in personal exemptions, total $20,710. In 2018 you will have a $24,000 deduction. The tax rates changed quite a bit too. The lowest bracket, 10% tax rate, went up from $9,325 to $19,050 (married filing jointly). In 2017, you were charged 15% on income from $9,325 to $37,050, and then 25% up to $91,900. In 2018 the second step is 12% on $19,051 to $77,400, and the third step is 22% on $77,400 to $165,000. In 2017 you would pay 25% on $75,901 to $153,100. In 2017, if your taxable income were $153,100, you would have paid $29,752.50. In 2018, that same taxable income would leave you with a tax bill of $25,561. That's a big drop. To put it in terms that more of us can relate to, if you're married and had a combined income in 2017 of $100,000, you could have deducted $20,710, leaving you with a taxable income of $79,290 and a tax bill of $11,300. This year, you would have a taxable income of $76,000, and a tax bill of $8,739. That's $200 more in your budget every month. You're welcome to check my math. It's early and I somehow let myself get distracted by this before I had my coffee, so mistakes could be made. If you want to estimate your own circumstance, I've included links to the 2017 and 2018 rates. www.irs.com/articles/2017-federal-tax-rates-personal-exemptions-and-standard-deductionswww.doughroller.net/taxes/federal-income-tax-brackets-deductions-and-exemption-limits/ |
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Post by christina on Aug 5, 2018 8:30:53 GMT -5
i did not realize the moving deduction was gone. i had picked up on some of the other changes
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Post by lurkerbelow on Aug 5, 2018 9:26:34 GMT -5
Don't forget your Rule 230 disclosure!  Seriously though, thanks for putting that in perspective. |
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Post by SPN Lifer on Aug 5, 2018 10:09:03 GMT -5
Ā§ 10.70 Administrative Law Judge (a) Appointment.Ā Proceedings on complaints for the sanction (as described in Ā§10.50) of a practitioner, employer, firm or other entity, or appraiser will be conducted by an Administrative Law Judge appointed as provided by 5Ā U.S.C. 3105. Treas. Depāt Circular No. 230, Regulations Governing Practice before the Internal Revenue Service (Rev. 6-2014), Title 31, Code of Federal Regulations, Subtitle A, Part 10 (published June 12, 2014), available at www.irs.gov/pub/irs-pdf/pcir230.pdf#page=35 . See generally www.irs.gov/tax-professionals/circular-230-tax-professionals .
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Post by SPN Lifer on Aug 5, 2018 10:38:25 GMT -5
Does anyone know how to make a non-breaking space in the Bulletin Board System (BBS) software, somewhat the opposite of the ā[Ā brĀ ]ā command?
In HTML it is ā& n b s p ;ā, a so-called āhard spaceā.
Edited to add: I seem to have answered my own question, because when I used the HTML code (without any spaces) immediately above, it showed up as a single space. I will try editing my prior comment.
That is what I did in the comment at my citation to 5Ā U.S.C. Ā§Ā 3105, although quoting it does not show the foregoing HTML characters I used. Live and learn!
I hate leaving the title number of a statutory or regulatory citation orphaned on one line, and the remainder of the citation on another. Adding a hard break before the title number is not helpful in the event of quotations or subsequent edits.
In Word, a hard space can be inserted two ways. Type: āControl-Shift-Spaceā; or at the top, go to Insert Ā» Symbol, click the Special Characters tab, and look for the āNonābreaking Spaceā item among others such as the nonābreaking hyphen, Mādash, paragraph symbol, section symbol, and other goodies.
The HTML non-breaking hyphen symbol, which I just used thrice in the previous paragraph, is ā& #8209 ;ā (without spaces next to the initial ampersand or terminal semicolon).
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Post by ba on Aug 5, 2018 19:59:50 GMT -5
Does anyone know how to make a non-breaking space in the Bulletin Board System (BBS) software, somewhat the opposite of the ā[Ā brĀ ]ā command? In HTML it is ā& n b s p ;ā, a so-called āhard spaceā. Edited to add: I seem to have answered my own question, because when I used the HTML code (without any spaces) immediately above, it showed up as a single space. I will try editing my prior comment. That is what I did in the comment at my citation to 5Ā U.S.C. Ā§Ā 3105, although quoting it does not show the foregoing HTML characters I used. Live and learn! I hate leaving the title number of a statutory or regulatory citation orphaned on one line, and the remainder of the citation on another. Adding a hard break before the title number is not helpful in the event of quotations or subsequent edits. In Word, a hard space can be inserted two ways. Type: āControl-Shift-Spaceā; or at the top, go to Insert Ā» Symbol, click the Special Characters tab, and look for the āNonābreaking Spaceā item among others such as the nonābreaking hyphen, Mādash, paragraph symbol, section symbol, and other goodies. The HTML non-breaking hyphen symbol, which I just used thrice in the previous paragraph, is ā& #8209 ;ā (without spaces next to the initial ampersand or terminal semicolon). Amen. I've actually discussed the hard space with state court appellate judges I know that have issued decisions with the lack of a hard space with the section symbol. Drives me batty. |
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Post by greendog on Aug 6, 2018 8:45:10 GMT -5
No i meant "registry", at this point, I think my trip to DC is more likely to get me a nice dinnerware set as a parting gift (I can see it now, with the agency logo right in the middle!!), than the actual job I thought I was applying for?!?
J/K. Thank you for response and clarification.
Y'know, this makes me think there might some humor to be mined from this mess. Maybe a poll like, "For those who tested this last time, what lovely parting gifts would you like to receive [since you won't get a NOR]?" I think the many wags on the Board could come up with a truly hilarious set of options. I am looking at you, gary , foghorn , greendog , bayou , christina , among others! I know I DON'T need any dishes! Even with the OPM seal. Now decent glassware, for situational bourbon or wine...hmm... Smile! When I failed to get a cert before, I led a trip for all the others that did not cert to Misery Bay. It was a blast. Stayed at Hotel California, etc. We could do that again-or did we ever really leave? If we can't do a trip, I like the idea of our own soft drink. We'd have one flavor. Sour Grape. |
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Post by Prrple on Aug 6, 2018 10:09:25 GMT -5
Y'know, this makes me think there might some humor to be mined from this mess. Maybe a poll like, "For those who tested this last time, what lovely parting gifts would you like to receive [since you won't get a NOR]?" I think the many wags on the Board could come up with a truly hilarious set of options. I am looking at you, gary , foghorn , greendog , bayou , christina , among others! I know I DON'T need any dishes! Even with the OPM seal. Now decent glassware, for situational bourbon or wine...hmm... Smile! When I failed to get a cert before, I led a trip for all the others that did not cert to Misery Bay. It was a blast. Stayed at Hotel California, etc. We could do that again-or did we ever really leave? If we can't do a trip, I like the idea of our own soft drink. We'd have one flavor. Sour Grape. If we only get one soft drink, perhaps it should be Pitt Cola. Its slogan is: "It's the Pitts!"
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Post by gary on Aug 6, 2018 10:41:31 GMT -5
When I failed to get a cert before, I led a trip for all the others that did not cert to Misery Bay.Ā It was a blast.Ā Stayed at Hotel California, etc.Ā We could do that again-or did we ever really leave? If we can't do a trip, I like the idea of our own soft drink.Ā We'd have one flavor.Ā Sour Grape.Ā Ā If we only get one soft drink, perhaps it should be Pitt Cola. Its slogan is: "It's the Pitts!"
Theyād serve us original Mountain Dew, which looks like carbonated pee. |
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Post by Deleted on Aug 6, 2018 10:54:47 GMT -5
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Post by gary on Aug 6, 2018 11:08:16 GMT -5
Iām unfamiliar with Sundrop, but it appears to be silmilar to, and to predate, Mountain Dew, so it would do if they ran out of Dew. |
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Post by greendog on Aug 6, 2018 11:54:39 GMT -5
Iām unfamiliar with Sundrop, but it appears to be silmilar to, and to predate, Mountain Dew, so it would do if they ran out of Dew. Familiar with both. Sundrop has more of an aftertaste. But don't forget Kickapoo Joy Juice or Ski. Same look and feel. Or for our Caribbean friends-Ting which is more grapefruitish if that is a word. In the old days, Seaman's in Canada had a Lime Ricky-oh my! |
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Post by gary on Aug 6, 2018 12:00:49 GMT -5
Iām unfamiliar with Sundrop, but it appears to be silmilar to, and to predate, Mountain Dew, so it would do if they ran out of Dew. Familiar with both.Ā Sundrop has more of an aftertaste.Ā But don't forget Kickapoo Joy Juice or Ski.Ā Same look and feel.Ā Or for our Caribbean friends-Ting which is more grapefruitish if that is a word. In the old days, Seaman's in Canada had a Lime Ricky-oh my! Sounds like we need a poll: Which pee-colored soda should be the official drink of those trickled down upon by the Executive Order? |
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Post by anotherfed on Aug 6, 2018 12:37:08 GMT -5
Ā§ 10.70 Administrative Law Judge (a) Appointment. Proceedings on complaints for the sanction (as described in Ā§10.50) of a practitioner, employer, firm or other entity, or appraiser will be conducted by an Administrative Law Judge appointed as provided by 5 U.S.C. 3105. Treas. Depāt Circular No. 230, Regulations Governing Practice before the Internal Revenue Service (Rev. 6-2014), Title 31, Code of Federal Regulations, Subtitle A, Part 10 (published June 12, 2014), available at www.irs.gov/pub/irs-pdf/pcir230.pdf#page=35 . See generally www.irs.gov/tax-professionals/circular-230-tax-professionals . Oh, the irony. Nice find, SPN Lifer. |
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Post by lurkerbelow on Aug 6, 2018 13:07:46 GMT -5
I agree. Well played sir.
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Post by gary on Aug 6, 2018 13:10:42 GMT -5
Ā§ 10.70 Administrative Law Judge (a) Appointment.Ā Proceedings on complaints for the sanction (as described in Ā§10.50) of a practitioner, employer, firm or other entity, or appraiser will be conducted by an Administrative Law Judge appointed as provided by 5Ā U.S.C. 3105. Treas. Depāt Circular No. 230, Regulations Governing Practice before the Internal Revenue Service (Rev. 6-2014), Title 31, Code of Federal Regulations, Subtitle A, Part 10 (published June 12, 2014), available at www.irs.gov/pub/irs-pdf/pcir230.pdf#page=35 . See generally www.irs.gov/tax-professionals/circular-230-tax-professionals . Oh, the irony.Ā Nice find, SPN Lifer. āIrony:ā what is done to complete oneās laundry. |
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Post by anotherfed on Aug 6, 2018 13:15:54 GMT -5
āIrony:ā what is done to complete oneās laundry. Only if you're 100 years old and living in the past. Wash and wear is the current and future trend, my friend! I may own an iron (it's probably in a box somewhere), but I don't think the ironing board survived my last house move. I don't miss it, except to make college-style grilled cheese sandwiches. |
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Post by dshawn on Aug 6, 2018 13:17:59 GMT -5
greendog What ever happened to Mello Yellow?
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Post by gary on Aug 6, 2018 14:03:05 GMT -5
greendog What ever happened to Mello Yellow? |
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