Itemized Deductions
The percentage threshold you need to exceed of your AGI before you can deduct your medical expenses.
What is 10%?
Commonly referred to as “line 31” of form Schedule C
What is Net income or loss?
Once AGI reaches _____ you are no longer allowed to deduct rental losses?
What is $150,000?
The name of the meeting when presenting a tax return.
What is Client - Tax Delivery?
A person can get this in the amount of $4,750 on their State Tax Return.
What is a Personal Exemption?
The form itemized deductions are listed on.
What is Schedule A?
When a taxpayer elects to use the simplified method for reporting a home office deduction, there is a maximum amount of square footage of the office space allowed.
What is 300 square feet?
When are you allowed to deduct 100% of carryover losses?
What is upon year of sale?
The best practice to completing an action items for a client.
What is a task?
This is the percentage for each tax filer in the State of Michigan, currently holding at 4.25%.
What is Withholding Rate?
The maximum amount you can deduct from State, Local and Personal taxes.
What is $10,000?
The two methods for calculating the deduction for car and truck expenses.
What is Actual Expense and Standard Mileage Rate?
When do depreciation deductions begin?
What is when the property is ready and available for rent?
The Salesforce place where any and all written tax information should be stored for a client by year.
What is the Tax Case?
This is a credit you can claim if your income is less than $60,000 and the taxable value is less than $135,000.
What is Property Tax Credit?
The dollar amount you must exceed to take the itemized deduction as a married couple.
What is $24,800?
The six digit code that is required on each Schedule C.
What is the Principal Business or Professional Activity code or NAICS code?
If rented less than ____ days no income or expenses are claimed.
What is 14 days?
During a review of a case, you need to connect with another team member, this is the best way in Salesforce.
What is Chatter?
What is the standard deduction for the tier 2 retirement subtraction for MFJ?
What is $40,000?
The maximum amount of classroom supplies an educator can deduct.
What is $250?
The form number when a Schedule C filer claims a depreciation deduction.
What is form 4562?
What is the special allowance amount for rental real estate?
What is $25,000?
To call attention to a team member in Chatter, you need to first type..
What is the @ sign?
How many tiers are there for figuring out the retirement subtraction amount?
What is 3?