Ask An Accountant- 8/5

Each week Mom On Dealz brings you answers to your biggest accounting questions! Here is this weeks Q&A!
Although tax season is over, tax questions arise year round. My husband is an experienced accountant and will be answering questions sent to me at cjwtaxpro@gmail.com with the subject line “Ask an Accountant”.
Question:
I am in the process of registering the blog as a business and wanted to know if I am going to be able to claim all of the stuff I have already purchased for it from the time I started or if I cannot start claiming until it is registered.
[Read more...]

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FREE Glam Bag at Rite Aid

Head to your local Rite Aid and snag a FREE Glam Pack when you purchase $15 or more in participating beauty products! (You will receive a single check rebate and supplies are limited!)

Glam pack includes a makeup bag, cell phone charm, and the “Get the Look” book filled with beauty tips and savings!

Get full details at the Glam Camp page!

Thanks Mom On Dealz!

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Harris Teeter Ad Match-up 8/3-8/9

Here are a few highlights for this weeks Harris Teeter ad. Check out Stretching Your Budget & Mom On Dealz to get the full list of match-ups.

***Special Note for Harris Teeter***
Harris Teeter accepts manufacturer coupons and Internet printable coupons. Harris Teeter doubles coupons up to .99.

Looking for certain coupons? Just don’t have the time to cut coupons? Then you need to check out Coupon Dede! Purchase just the coupons your want, pre-cut and in your hands in just a few days! For whole inserts check out The Q Hunter!

Butterball Turkey Hot Dogs $1.64
-$0.65 coupon from SS 6/26
Final=$0.34

Pepperidge Farms Cookies $1.74
-$0.60 coupon from SS 6/26
Final=$0.54

HT Distilled Vinegar $0.59
HT Fresh Split Chicken Breast $0.99 lb
Extra Large Green Bell Peppers $0.99
Hot Pockets $2
-$1 coupon from SS 6/26
Final=$1

Pringles Super Stack $1.50
-$1/2 coupon from PG 7/31
Final=$1 each

G2 or Gatorade $1

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Kids Frugal Fun- Watermelon Tambourine


Each week Momondealz brings you a kids craft that is fun, frugal, and educational. August 3rd is National Watermelon Day so this week’s craft is centered around this delicious snack. For the remainder of August, I will also be concentrating on kindergarten skills in the educational activities section at the bottom. Enjoy!
Watermelon Tambourine
Materials:
1 Paper plate
Handful of beans
Markers
Glue
Directions:
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Ask An Accountant- Claiming Donations Purchased With Coupons

Each week Mom On Dealz brings us a answer to a accounting question. This week she answers how to claim donations made with items that were purchased using coupons!
Although tax season is over, tax questions arise year round. My husband is an experienced accountant and will be answering questions sent to me at cjwtaxpro@gmail.com with the subject line “Ask an accountant”.
Question:
I donate from my stockpile quite frequently. When claiming these deductions, do I deduct what I paid out of pocket or what the items would normally cost without coupons/sales?
Answer:
There are 2 schools of thinking for this question. One side says you do not get to deduct something you have not paid for (assuming the item is free after coupons). The other side is that you still get to deduct fair market value. Generally speaking, I agree you deduct fair market value. For example, on average, diapers are priced around $10. If you buy a pack of diapers but there is a sale, you have coupons, and you have store rewards (such as register rewards, etc) so your final price is less than $10, you can still deduct $10 since the value of the diapers did not change, despite how much you paid out of pocket.
*Please keep in mind this post is for informational purposes only and answers given are very general. Many things depend on individual circumstances. Please contact your personal accountant or financial advisor for your particular situation.
photo credit: austinpost.org

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Harris Teeter Ad Match-up 7/27-8/2

Here are a few highlights for this weeks Harris Teeter ad. Check out Stretching Your Budget & Mom On Dealz to get the full list of match-ups.

***Special Note for Harris Teeter***
Harris Teeter accepts manufacturer coupons and Internet printable coupons. Harris Teeter doubles coupons up to .99.

Looking for certain coupons? Just don’t have the time to cut coupons? Then you need to check out Coupon Dede! Purchase just the coupons your want, pre-cut and in your hands in just a few days! For whole inserts check out The Q Hunter!

Luigi’s Italian Ice $1.85
-$.50/1 Luigi’s Real Italian Ice Product, 6/26 RP, 7/24 RP, or printable
-$1.00/1 Luigi’s Real Italian Ice Product, 6/26 RP
Final: $.85

Select Kellogg’s cereal $1.65
-$5.00/5 Kellogg’s Cereal, e-coupon
-$1.00/3 Kellogg’s Cereal, printable (sign up required)
Final: as low as $3.95 wyb 5 (makes them $.79 each)

[Read more...]

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Kids Frugal Fun- All About Me Book

Each week Momondealz brings you a kids craft that is fun, educational, and frugal. For the remainder of July and August, I will be concentrating on kindergarten skills.
All About Me Book

Materials:
2 sheets construction paper
5-10 sheets of white computer paper
Paper clips
Crayons, markers
Yarn, string, or ribbon
1 ruler or tape measure
Hole punch
Directions:
[Read more...]

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Paper Deal Round-up 7/24-7/30


Each week Momondealz brings you the coupon match-ups for bath tissue, paper towels, and facial tissue from national and local stores. This week I suggest Amazon or Walgreens!

Amazon:
Charmin Ultra Soft, Toilet Paper Mega Rolls, 6-Count$12.99
Sparkle Paper Towels with Thirst Pockets, Prints 8 rolls$7.95
[Read more...]

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Ask An Accountant- 7/22


Each week Mom On Dealz brings us a great post, answering accounting questions!
Although tax season is over, tax questions arise year round. My husband is an experienced accountant and will be answering questions sent to me at cjwtaxpro@gmail.com with the subject line “Ask an accountant”.
Question:
In 2010 I won an all expense paid trip as a prize for winning a contest. The company immediately asked for my social security number for the purposes of taxes. I expected I would be responsible for taxes on the value of the trip (I think it was $1,800.00.) In February of this year I contacted the company to see if they were sending me a 1099-Misc so I could file my taxes. They said they were going to send the form by the end of February, but I never received the forms. I needed my tax return funds, so I went ahead and filed my taxes without their information. If they claimed my trip on their taxes for 2010, is it likely that the IRS will see that I didn’t claim the trip and come after me tacking on interest?
[Read more...]

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HOT Zulily Sale! up to 70% off Rain Gear


This is an awesome sale on rain gear for the fall! Wippette is offering umbrellas, rain coats, and rain boots at up to 70% off! I am having a hard time deciding whether to get Will the fire truck themed items or the dinosaur ones!
Visit Zulily to snag these amazing prices!

Thanks Momondealz!

 

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Harris Teeter Ad match-up 7/20-7/26

Here are a few highlights for this weeks Harris Teeter ad. Check out Stretching Your Budget & Mom On Dealz to get the full list of match-ups.

***Special Note for Harris Teeter***
Harris Teeter accepts manufacturer coupons and Internet printable coupons. Harris Teeter doubles coupons up to .99.

Looking for certain coupons? Just don’t have the time to cut coupons? Then you need to check out Coupon Dede! Purchase just the coupons your want, pre-cut and in your hands in just a few days! For whole inserts check out The Q Hunter!

Betty Crocker Brownie Mixes $1
-$0.75/2 coupon from SS 6/26
Final=$0.25 each

Yoplait Yogurts $0.50
-$0.60/8 or $0.50/8 coupons from SS 7/10
Final=$0.37 each

Earth’s Best Baby Food $0.75
-$1/7 printable coupon
Final=$0.61 each

Gillette Shave Gel $1.99
-$1 coupon from PG 6/5
Final=$0.99

[Read more...]

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Kids Frugal Fun- Rocket Ship


Each week Momondealz brings you a craft that is fun, educational, and frugal. For the remainder of July and August, I be concentrating on preschool and kindergarten skills. This week marks the anniversary of the day that man first walked on the moon (July 20th is Moon Day) so I thought making a rocket ship sounded like a great idea!
Materials:
Paper Towel Roll (use this Viva coupon for savings)!
Red Construction Paper
Aluminum Foil
Tape and Scissors
Directions:
1. The adult should cut 4 slits in one end of the paper towel roll. Space them evenly around the roll and make each slit about 2 inches.
2. Cut out 2 large red triangles from the construction paper (about 5 inches tall). Cut a slit into the top of trianble and the bottom of the other (about 2 inches long).

3. Insert the triangles into each other and then put them into the slits on the paper towel roll.
4. Cover the paper towel roll with aluminum foil.

5. Using a cup, trace a circle on the red construction paper. Then cut a line to the center of the circle.
6. Fold the paper circle until it becomes a cone shape and tape together. Then tape it to the top of the rocket.
7. “Fly the rocket to the moon!” (Those are Will’s directions!)

Educational activities:
1. Language Arts: Teach your child nursery rhymes that talk about the moon. (Hey Diddle Diddle, Man in the Moon, I See the Moon, etc). One of the Virginia Standards of Learning is for children to be able to recite poems and rhymes and to be able to recognize rhyming words.
2. Math: Discuss the shapes used in this craft. (triangles, circles, rectangle (foil), and cylinder (paper towel roll). Recognizing shapes is another kindergarten skill.
3. Science: Discuss the moon and talk about when you see it (nighttime), where you see it (sky/space), etc.

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Ask An Accountant – 7/15


Thanks to Momondealz for bringing us this post each week!
Although tax season is over, tax questions arise year round. My husband is an experienced accountant and will be answering questions sent to me at momondeals@yahoo.com
Question:
I have been audited for medical expenses for 2008 (my husband became very ill) and have close to 300 individual expenses. If I copy every bill, check, explanation of benefits from the insurance company, flexible spending account reimbursement, credit card bill, prescription receipt, etc., I will be paying for and sending a 12 x 12 box. Will the IRS take scanned documents on CD or do you have another idea? Also, can I write off the time, postage, printer ink and paper to do this?
Answer:
Typically in an audit, your case should be at a regional level where you have been assigned an agent that should be within driving distance. If that is not the case then I recommend organizing the medical expenses in a 3 ring binder according to how they were listed on the tax return. Have a cover sheet that summarizes each medical expense category like this:
A. Prescrptions $_______
B. Doctors/Dentist $_______
and so on for each one listed on Schedule A. Then provide a stack of copied receipts and verification of payment and reference each page in the bottom right corner for each category A-1, A-2, B-1,B-2 . In an audit situation more is always better and typically if you inundate the agent with a ton of information they are not going to examine every piece of paper. Make it neat and easy to reference where you got the numbers for the tax return and you should be fine. The last thing you want to do is throw a bunch of documents in a box & send it to the agent. This will not work in your favor! Time is never deductible, and there is no deduction for paper, ink, or postage related to tax preparation.
*Please keep in mind this post is for informational purposes only and answers given are very general. Many things depend on individual circumstances. Please contact your personal accountant or financial advisor for your particular situation.

photo credit: austinpost.org

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$2 off Scotch Pop Up Tape Dispenser Printable Coupon

Grab your coupon for $2 off Scotch Pop Up Tape Deskgrip Dispenser! I love these little pop up tape dispensers! It is great during Christmas wrapping time!! Go HERE to get your coupon!

Thanks Mom On Dealz!

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Kids Frugal Fun- 7/12

Each week Momondealz brings you a children’s craft that is fun, educational, and frugal! This week’s craft is perfect for a rainy day and can be applied to many skills that a child should know before entering kindergarten. For the rest of the summer I will be focusing on important pre-kindergarten skills.

Materials:

1 big sheet of paper

1 sheet of sandpaper

5-10 small shells (you can draw and cut some out if you do not have any available)

Cotton balls

small amount of toothpaste

goldfish

glue

crayons/markers

Directions:

[Read more...]

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