Un-Reimbursed Bus. Expenses & Mortgage

Form 2106 is a federal tax form where an individuals un-reimbursed business expenses are filed.   At any time in an Arizona tax filers life except when qualifying for an FHA, VA, Conventional, USDA or Jumbo mortgage the bigger the number (meaning the more expenses deducted) on this IRS form the better.  Why?   The total expenses on this form directly reduce a taxpayers taxable income (refer to a CPA or tax professional regarding advice on what may or may not be included on this form).   Before … [Read more...]