Tag: OU
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Out of the Country
Description and Definition of Out of the Country For purposes of the two-month extension of time to file, you are out of the country if: You live outside the United States and Puerto Rico, and your main place of work is also outside the United States and Puerto Rico, or You are in military or…
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Outside Earnings
Outside Earnings means:any non-Social Security income that a Social Security recipient earns. Social Security places restrictions on the amount of outside earnings for recipients of Social Security benefits who are under 70 years of age. Beyond these restrictions, benefits are cut back and somet…
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Out-of-pocket contributions
The Out-of-pocket contributions are. Expenses you incur while working for a charity – from the cost of driving your car (14 cents a mile, plus parking and tolls) to the cost of stamps for a charitable fundraiser – can be included in your charitable contribution deduction….
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Out-of-pocket Expenses
The Out-of-pocket Expenses are. expenditures from a taxpayer's own funds for business or personal use. For example, unreimbursed out-of-pocket expenditures for telephone, uniforms, or equipment incurred in rendering services to a not-for-profit organization maybe deductible as a charitable contribut…