A person is employed by a temporary employment agency. She must ante up 15% of her monthly wages to the agency. Deductable (subject to the 2% rule)? I find reference to one-time employment agency fees but nothing concerning recurring fees.Thanks for any guidance on this.
[[A person is employed by a temporary employment agency. She must ante up 15% of her monthly wages to the agency. Deductable (subject to the 2% rule)? I find reference to one-time employment agency fees but nothing concerning recurring fees.]]Wow...this fee is generally passed on to the people who hire the temps. This is the first time that I've heard of that the actual temps get hit with this fee. Anyway, if this is an expense that you must pay to obtain the employment, it would seem reasonable that it would be a miscellaneous itemized deduction (subject to the 2% floor). I'd like to do a bit more research on this before I provide a definitive answer, but my time is really short right now. Check back after the 15th and I'll be glad to try and help. Or you can always check out IRS Publications 529 and 535 for additional information.TMF TaxesRoyWant to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Be the first one on your block to own this masterpiece. It'll help you with your 1998 taxes, and it's never to early to start planning for your 1999 taxes. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.
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