Look over my expenses and give your opinion?

[sillywalks]

This website will give you the IRS allowable expenses. My attorney pulled several of our figures directly from here.

http://www.irs.gov/businesses/small/article/0,,id=104627,00.html

Your medical looks high -- mine was too -- so I completely understand, but as long as you've got documentation to back that up, you're fine.

Also, if the $800 transportation figure doesn't include a car payment, I don't know if that's going to fly either. Every area is different though. Your attorney is the best place to run these by though. Mine changed several of mine -- actually made some higher because they said I was allowed more.

If it's what you actually spend though, and you've got receipts -- it just is what it is -- not too much they can say. Good luck to you!

I beiieve I can document the medical bills pretty thoroughly, so I'm not too worried there. As for transportation, I am still working on getting a newer car (which would have payments), but the numbers I listed include:

$300 for gas (using $3.00 per gallon, which is where we are currently), $200 for maintenance (which is probably low, considering the age of the cars), $250 for money towards replacing the cars. In some places I have read, filers are allowed an amount toward the replacement of older vehicles (which is realistic, after all).

Even if they reduce my transportation costs to $496 (the standard for 2 cars), I would still be at -1,000, which is good!

Thanks!

[ssmdem]

This website will give you the IRS allowable expenses. My attorney pulled several of our figures directly from here.

http://www.irs.gov/businesses/small/article/0,,id=104627,00.html

Your medical looks high -- mine was too -- so I completely understand, but as long as you've got documentation to back that up, you're fine.

Also, if the $800 transportation figure doesn't include a car payment, I don't know if that's going to fly either. Every area is different though. Your attorney is the best place to run these by though. Mine changed several of mine -- actually made some higher because they said I was allowed more.

If it's what you actually spend though, and you've got receipts -- it just is what it is -- not too much they can say. Good luck to you!

[sillywalks]

I am posting my expenses (along with some explanation) in the hopes that forum members will critique them and let me know which ones will be trouble!

I am filing as a 2 member household -- my son is moving out in January, but he is a full-time student. I'll be glad to provide more info if anyone needs it. Thanks!


Mortgage $1395.00
Utilities a. Electricity $275
b. water $35
c. phone $140
d. other-tv/internet $150

Home maintenance $394
(here I included lawn care, cleaning, pest control, termite control, HOA fees, general maintenance – paint, etc., tree removal *necessary)

Food $550
Clothing $150
Laundry/drycleaning $20

Medical and dental $650
-- my prescriptions are $150 a month, which will go up about 15 a month in January; chiropractor 2x month; doctor med check ups, dentist (crown for me, several fillings for son); glasses for both; therapy 2x month; last year I spent over $8000 – I averaged last year expenses and came up with $650

Transportation $800
(includes maintenance for 2 cars with $185K+ miles, gas and maintenance for my car, some gas for son – I have records for what I have spent on both cars this year, which is about $4000)

Recreation $50
Charity $75
Insurance b. life $38
d. auto $220
Taxes (car tags) $10
Payments for additional dep. $150
Other (animals/gym/job ed) $270
(food for animals and vet bills – I have records from this year)

average monthly expense= $5372
average monthly income=$4056 (from schedule I)
net income = - $1313

So far, I have gathered records from:

- Veterinarian
- My doctor
- Car care
- I have utility records, phone/internet/tv bills.
- I am planning on going to the dentist (along with my son) and getting estimates of needed work.
- I can get my chiropractor to write a recommendation for frequency (I’ve seen her for 10 years or so).

Any other proof I should gather? Where am I in trouble?