Posted
February 22, 2008
- Accounting fees for tax preparation services and IRS audits
- Amortization of premium on taxable bonds
- Appraisal fees for charitable donations or casualty losses
- Appreciation on property donated to a charity
- Cellular telephones
- Cleaning and laundering services when traveling
- Commissions and closing costs on sale of property
- Contact lenses, eye glasses and hearing devices
- Depreciation of home computers
- Employee’s moving expenses
- Federal estate tax on income with respect to a descendant
- Fees for a safe-deposit box to hold investments
- Improvements to your home
- Investment advisory fees
- Lead paint removal
- Legal fees incurred in connection with obtaining or collecting alimony
- Margin account interest expense
- Mortgage prepayment penalties and late fees
- Points on a home mortgage and certain refinancing
- Real estate taxes associated with the purchase or sale of property
- 50% of self-employment tax
- Seller paid points on the purchase of a home
- State personal property taxes on cars and boats
- Subscriptions to professional journals
- Worthless stock or securities
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