Tax Tips

These items are often overlooked by taxpayers who itemize their deductions:

• Depreciation on a self-owned computer or cell phone required to do your job
• Education that is employment related
• Home office or part of your home used regularly and exclusively in
  your work
• Job search expenses in your present occupation
• Business, medical, and charitable mileage
• Legal fees related to doing or keeping your job and protecting or
  collecting taxable income
• Subscriptions to professional journals and trade magazines related
  to your work
• Tools, supplies, and safety equipment used in your work
  Consult with your tax professional at Fiscal Tax to assure that you take
  advantage of all the deductions you deserve.
• You must report your stock sale capital gains or losses on a new
  Form 8949
• Your broker is required to send you Form 1099-B that shows your
  cost basis and sales amount. Be careful, the cost basis could be
  wrong. If so, we will help you correct the information with the IRS
  so you will not be audited for this error