gregorygarver.com Forum Index gregorygarver.com
San Francisco Real Estate Forum
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

who are considered "professionals" under IRS?

 
Post new topic   Reply to topic    gregorygarver.com Forum Index -> Pro Talk
Author Message
Lisa



Joined: 31 Jan 2006
Posts: 5

PostPosted: Fri May 07, 2004 5:06 pm    Post subject: who are considered "professionals" under IRS? Reply with quote

besides the typical CPA or Attorney, what other professions are considered "professional" for tax deduction purposes? I learned that realtors can deduct alot ! I recently became a notary public, so I was wondering if that was eligible for deductions too...travel expenses etcok now I get it ! so I dont have to be a "white collar" professional or own a business to get itemized deduction for travel, food, gas, etc.
Back to top
bostonianinmo0874



Joined: 24 May 2004
Posts: 2

PostPosted: Mon May 24, 2004 6:47 pm    Post subject: who are considered "professionals" under IRS? Reply with quote

There is no definition of "professional" as far as tax liability is concerned. If you do anything for remuneration, you're a "professional" as far as the IRS is concerned. Plumber, prostitute, or pediatrician, it's all taxable income and any reasonable and necessary business expenses in the production of income are allowable deductions.
Back to top
Judy



Joined: 10 Jun 2004
Posts: 3

PostPosted: Thu Jun 10, 2004 8:28 pm    Post subject: who are considered "professionals" under IRS? Reply with quote

Not sure what you are referring to when you mention "professionals" - there aren't special tax deductions for people in professional capacities. As a notary public, things like annual fees, or the cost of your seal, would be deductible. I'm not sure just what kind of travel expenses you'd have as a notary - if you go to visit Aunt Minnie and notarize something for her while you are there, no. For notaries I've known, people come to them. If for example you travel 50 miles each way to notarize something for someone for $8, then the IRS would not be too impressed with your claim for mileage deductions far in excess of the income from the trip.
Back to top
buy neopoints



Joined: 06 Feb 2012
Posts: 1
Location: Canada

PostPosted: Mon Feb 06, 2012 8:37 am    Post subject: buy neopoints Reply with quote

Thank you for the good writeup. It in fact was a amusement account it. Look advanced to more added agreeable from you! However, how can we communicate'
[url=http://www.ndpc.gov.gh/forum/index.php?action=profile;u=14889 ]buy neopoints[/url]
Back to top
Display posts from previous:   
Post new topic   Reply to topic    gregorygarver.com Forum Index -> Pro Talk All times are GMT
Page 1 of 1

 


Powered by phpBB © 2001, 2005 phpBB Group