My understanding of these two accounts are: Discount allowed is affected when the company offers a discount to a customer and it is netted against sales... thus listed in the chart of accounts as an income account. Discount received is affected when a vendor offers a discount on purchases and...

Hi, Can one deduct house rent paid as a tenant in principal place of residence in itemized deductions (schedule A) of 1040 federal tax return form? Please let me know at the earliest. Thank you, Kaushik

Hi, it seems we are going to sit with a problem and lots of money thrown to a Ph.D without being able to claim a sent in the US. I would like ANY advice to help make the cost less please. I am working in the UK and my husband is doing a Ph.D online via an Arizona University. It seems that we are...

We bought a new vehicle in 2007. What can we deduct from our taxes regarding the amount paid for tax, title, and license?