Un-Reimbursed Bus. Expenses & Mortgage

At any time except when qualifying for a new home loan, the bigger the number on their form 2106 the better.  Why?   The expenses on this form reduce taxable income. Expenses on Federal 2106 Tax From A number of expenses can be deducted on a 2106 Form.  Generally, expenses relative to conducting business go on the 2106.  For example: Vehicle expenses Parking fees and tolls Travel expense - lodging, airplane, rental car etc... Meals Uncle Sam gives tax payers a break … [Read more...]