Some expenses can still be deducted due to the tax reform that happened in 2018. A detailed list of employee expenses that have been suspended as employee tax deductions, some until...
Posted by Rosovich & Associates, Inc. on 12/08/2022
On March 13, 2020, the President declared a national emergency due to the novel coronavirus (COVID-19) pandemic. As a result, the COVID-19 pandemic has been designated a federal disaster...
Posted by Taxes Made EZ Inc on 09/30/2022
Many people are looking to earn extra money by renting out a room in their homes. When it comes to taxes, this is both good news and bad news.The good news is that your rental income...
Posted by Pat Raskob on 05/27/2022
Generally, tax deductions are expenditures that business owners can subtract from their taxable income. It is economical as it saves cost by reducing the tax amount you need to pay.Most...
Posted by Pat Raskob on 03/31/2022
Owning or managing property has many benefits that people overlook, such as the benefits of vacation rentals and tax deductions. While there are several expenses and rules to consider...
The IRS permits the use of per diem rates (which means "for each day" or "daily rate" in Latin) to facilitate reimbursement for employers and employees. Per-diem...
Many taxpayers do not like taking the home office deduction because they fear they might raise some eyebrow from the IRS. Sadly, this is true, especially if you take excessively large...
Pet Moving Expenses: In some cases, moving expenses for your pet may be deductible if you're relocating for work. This includes transportation, lodging, and even pet quarantine...
Posted by True Tax Service on 09/29/2023
For most startups, maintaining tax obligations is a headache. This guide examines the main steps and concepts you need to know about a sales tax. What is sales tax?Sales tax,...