§11045

2054, 2088. Accordingly, no miscellaneous itemized deduction is allowed for any taxable year beginning after December 31, 2017, and before January 1, 2026. See § 67(g). Therefore, even if petitioner might otherwise have been allowed a deduction under sections 162 and 67(a) for his travel expenses associated with his employment, s

2054, 2088, amended section 67 by suspending miscellaneous itemized deductions for any taxable year beginning after December 31, 2017, and before January 1, 2026. 6 metropolitan area where the taxpayer normally lives and works. See Gorokhovsky v. Commissioner, T.C. Memo. 2013-65; Bogue, T.C. Memo. 2011-164, slip op. at 15; Rev.

2054, 2088, amended section 67 by adding subsection (g) suspending miscellaneous itemized deductions for any taxable year beginning after December 31, 2017, and before January 1, 2026. 3 Petitioners’ joint 2017 federal income tax return was prepared by a paid income tax return preparer. As relevant, on the return petitioners (1)

2054, 2088, amended section 67 by suspending miscellaneous itemized deductions for any taxable year beginning after December 31, 2017, and before January 1, 2026. 7 Taxpayers may deduct “ordinary and necessary” expenses paid in connection with operating a trade or business. § 162(a); Boyd v. Commissioner, 122 T.C. 305, 313 (2004

2054, 2088, amended section 67 by adding subsection (g) suspending miscellaneous itemized deductions for any taxable year beginning after December 31, 2017, and before January 1, 2026. 3 A letter dated March 14, 2014, from CHJ, addressed “To Whom It May Concern,” generally advises that petitioner paid out-of-pocket expenses on CH

2054, 2088, amended section 67 by suspending miscellaneous itemized deductions for any taxable year beginning after December 31, 2017, and before January 1, 2026. 3 Petitioners’ federal income tax return for each year in issue was prepared by a paid income tax return preparer. Petitioners’ return preparer, who began preparing fe

2054, 2088, amended section 67 by adding subsection (g) suspending miscellaneous itemized deductions for any taxable year beginning after December 31, 2017, and before January 1, 2026. 3 following unreimbursed employee business expenses, all related to petitioner’s employment: Type of Unreimbursed Expense Amount Travel expenses

ns of $2,175 and $1,875 for home mortgage interest and taxes, respectively. 3This issue is considered before the application of the 2% of adjusted gross income limitation imposed by sec. 67(a). The Tax Cuts and Jobs Act of 2017, Pub. L. No. 115-97, sec. 11045, 131 Stat. at 2088, amended sec. 67 by suspending miscellaneous itemized deductions for any taxable year beginning after December 31, 2017, and before January 1, 2026. - 3 - I. Petitioner’s Background Petitioner is a commercial industrial e

11045, 131 Stat. at 2088, amended sec. 67 by suspending miscellaneous itemized deductions for any taxable year beginning after December 31, 2017, and before January 1, 2026. - 3 - traveling to multiple Vulcan locations in Alabama. Petitioner did not stay overnight in the vicinity of his out of town locations but drove home every night. Petiti

es 32,500 Yes Total¹ 52,760 --- 50,304 --- ¹ These totals are what's in dispute, not what's disallowed, because they don't account for the 2% floor on miscellaneous itemized deductions. See sec. 67(a). The Tax Cuts and Jobs Act, Pub. L. No. 115-97, sec. 11045(a), 131 Stat. at 2088 (2017), amended section 67 by adding subsection (g), which suspends the miscellaneous itemized deduction for tax years 2018 through 2025. We apply the law as in effect for the tax years in question. And here are the bu