Tax Tips from Stu Steinberg – CPA, National Speaker & Financial Advisor
“Celebrating 25 Years in the Business”
IRS Form 2016 is used if you have expenses that you incur while working as an employee of a firm and you do not get reimbursed by your employer for these expenses. These unreimbursed expenses can include auto and truck expense, unreimbursed business or office supplies, education, if needed to maintain your career, and business use of your telephone or computer. There are complicated rules for employees who work out of their homes as well, so please seek competent advice when filing. Once all expenses have been totaled, you still need to exceed a floor of 2% of your adjusted income before you can take any of these expenses as deductions. Also, you may have these expenses limited by the alternative minimum tax (AMT) but that’s a story for a different blog!
About Stu: With more than 25 years of experience as a credentialed tax professional, Stu Steinberg brings a broad depth of knowledge to his work. Stu founded Erock Tax to help provide tax strategies to individuals, families and small businesses. He uses his CPA expertise to help each client navigate their long-term debt and mortgage, gaining them the best deals and rates possible. Stu is passionate about empowering his clients through education about their tax health. He is highly energetic and brings a sense of optimism, creative problem-solving and a deep level of commitment to every Erock client.