A small business needs to get its tax right to avoid unnecessary headache with the IRS. The idea is simple – a plain and accurate disclosure of losses, revenues and deductions...
Posted by Jim McClaflin, EA, NTPI Fellow on 05/07/2021
2020 was an extraordinary and challenging year. A Stanford University study found that around 40% of the U.S. workforce is now working full-time from home because of COVID-19. This...
Posted by Abundant Wealth Planning LLC on 03/09/2021
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...
Posted by Taxes Made EZ Inc on 08/30/2020
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”....
Posted by East Harlem Tax Service on 05/23/2015
