Chief Counsel Advice (CCA) provides a favorable outcome for subchapter S corporations that own aircraft used personally by shareholders and employees. Definition of an S corporation in the CCA; Deduction allowed by the Sec. 162 for expenses including compensation paid for personal services; ...
they get a small percentage of the sale. As an incentive, they'll pay back some percentage to the buyer -- that's you -- in cash, gift card points, or other rewards.
Block says that if you incur medical expenses of over 7.5 percent of your adjusted gross income (AGI) you may deduct health-related travel expenses. This includes travel to the medical provider and parking as well. Fines for traffic tickets are never deductible, even if you receive ...
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