Tax deductions can prove to be very beneficial for your small business setup. Not only do they put extra money in your pocket every year, but they also provide you various personal...
Rental income
An owner of a rental property is eligible for tax deduction from the earnings of gross rent provided the owner makes the following expenses in the current fiscal year....
Under the IRS rules, a taxpayer is allowed to deduct expenses related to business use of a home, but only if the space is used “exclusively” on a “regular basis”....
Welcome 2015! As the new year rolls around, it's always a sure bet that there will be changes to current tax law and 2015 is no different. Below you'll find a summary of tax changes,...
On December 16, 2014, Congress passed the Tax Increase Prevention Act of 2014. This bill is currently waiting for the President to sign. Approximately 50 tax provisions...