Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi, I am a therapist by occupation. I was reviewing the financials that you sent me and I do not see certain expenses on the

image text in transcribed Hi, I am a therapist by occupation. I was reviewing the financials that you sent me and I do not see certain expenses on the Profit and Loss that I believe should be there. The expenses are my personal therapy expenses, massage therapy and income taxes. Please explain to me where these expenses are. I really want to be able to deduct these on my tax return. Use the area below to write a response to the client explaining where these expenses normally are and why they can not be deducted on her tax return. Again remember that most of the clients do not have accounting knowledge

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Frank Woods Business Accounting Volume 2

Authors: Frank Wood, Alan Sangster

13th Edition

1292085053, 9781292085050

More Books

Students also viewed these Accounting questions

Question

Focus on the interview.

Answered: 1 week ago

Question

Describe the role of AI in personalized medicine.

Answered: 1 week ago

Question

What are the diff erences between groups and teams?

Answered: 1 week ago

Question

If you were Dans friend, what might you say to alter his behaviors?

Answered: 1 week ago