I'm having trouble handling the business end of my business, because I have no business management and not very much computer knowledge to do spread sheets, etc. I'm thinking of taking business courses thru email from Tulane U. How can I get help to pay for my courses and can I deduct this cost on my taxes?
2006-11-15 18:20:15 · 4 answers · asked by hollyrae92 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
Only if they improve or maintain your current skills. If they qualify you for a degree or new occupation then no you can't
2006-11-15 22:28:40 · answer #1 · answered by waggy_33 6 · 0⤊ 0⤋
What could nicely be deducted, and how, on earnings as an worker (W-2) is extremely distinctive than deductions on 1099 earnings. The products that are deductible could nicely be distinctive, and on W-2 earnings you are able to purely deduct what's called "unreimbursed worker employer expenditures" in case you itemize, or maybe then you definately could subtract 2% of your AGI from those expenditures and could purely deduct something over that quantity. Sorry, yet no, you won't be able to purely calculate it some incorrect way and get to take it besides. time table C is for self-employment (1099) earnings, no longer for worker (W-2) earnings.
2016-10-22 04:32:41 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you will received business courses by email or purchase, its will be expenses for business to spread and manage to business, So It will be deducted from business income. and your profit will come down & your payable IT will be down.
2006-11-15 21:18:55 · answer #3 · answered by jimmy_rakeshpatel 1 · 0⤊ 0⤋
Yes you can.
2006-11-15 18:22:07 · answer #4 · answered by Dr Dee 7 · 0⤊ 0⤋