YES! By saving your receipts it helps us determine how much you spent on certain items that are deductible. And should the IRS ever question a deduction you will always have the proof. YES! Homeowners should refinance or take out a home equity loan. The interest is deductible on Schedule 'A'. All other interest like on car loans, credit cards or personal loans are not deductible.

Yes, you may receive cash or property from many different places. If you don't have records showing your income sources you may not be able to prove that some sources are non-business or non-taxable. Keeping control of your financial records could mean tax savings and can prevent most of the problems you might encounter if you get an audit on your income tax or GST returns. Top of Page

Not unless you itemize deductions on your Federal return. Kansas provides two worksheets to help you compute your Kansas itemized deductions. If your federal adjusted gross income is equal to, or less than $156,400 or $78,200 if married filing separately, use worksheet I in the Kansas tax booklet to subtract your state and local income taxes from your total federal itemized deductions.

Receipts are helpful in establishing a value for a lost item, but the insurance companies don't require them. In most cases, the insurance company will ask you to compile a list of the lost or destroyed items and their approximate value. The company will then adjust your claim for "depreciation" based on that list. Your best guard against depreciation is choosing the replacement value option on your insurance.

No. If you have travel allowance left, you will be reimbursed for per deim, a daily meal allowance. The only documentation required for per deim is something proving your time in Salt Lake City - a plane ticket illustrates this perfectly.

For comprehensive instructions on deposits, please refer to Procedures for Depositing Monies in the Bursar's section of the Handbook of Operating Procedures.

Yes. Effective January 1, 2004 the IRS imposed specific requirements for Flex Debit Card claims through a cafeteria flexible spending account (FSA) plan. The IRS requires that every claim be documented either electronically or manually. This documentation includes the same information that would be included for a manually submitted claim: The only exception to this requirement is by matching claims that can reasonably be assumed to be legitimate claims to the expense.

Yes, if you claim itemized deductions on your federal tax return, you must itemize on your DC tax return.

If you have employees you are responsible for calculating, deducting, and remitting of income tax, employment insurance, and Canada Pension Plan contributions. A free employer's kit can be obtained from the Canada Customs and Revenue Agency.

For the Homestead and Mortgage deductions we have the necessary information available in our office. It is helpful to know the name of the mortgage company where you initially financed your loan and the amount of the initial loan. The application must be signed by the applicant.

Each prescription does not have to be listed on a separate line of the claim form. You are welcome to group prescriptions from the same pharmacy on one line of the claim form, indicating the range of purchase dates and total of the prescriptions purchased on those dates.

We can put "account codes" on your line and assign one per person that will summarize their long distance calls.

Yes. Commuter Benefits will withhold your out-of-pocket expense automatically from your paycheck if you click "Every Month," for your account, but you still need to submit receipts. Your commuting expenses will not be reimbursed until the Commuter Benefits Program has received your receipts.

The University must have proof that only the approved purchases were bought, and the receipt will indicate that the money is being spent in the appropriate manner.

Not for all moving expenses. Receipts are not needed if you use the simplified method for claiming meals and vehicle expenses. Under the simplified method you can claim a flat rate of $17 per meal to a maximum of $51 per person per day. And if you use your car, you can use a flat rate per kilometre that varies depending on which province you moved from. However, you must keep track of the total kilometres driven that relate to the move.

All employees will be required to pay Tax (Pay as You Go). The Tax will be deducted based on the Australian Tax Office (ATO) Tables. Any variation to the standard Tax Rate will only be accepted on authorised documentation from the ATO. The Queensland Ambulance Service will contribute a fixed percentage of your total earnings to Q-Super. If you are a Permanent or Temporary Employee, you will be required to contribute a set percentage.

No. Because this is a refund of taxes previously paid, it does not matter whether or not you itemize deductions.